In the last trading session, 1.75 million shares of the Forge Global Holdings Inc (NYSE:FRGE) were traded, and its beta was 2.31. Most recently the company’s share price was $1.19, and it changed around $0.13 or 12.26% from the last close, which brings the market valuation of the company to $241.96M. FRGE currently trades at a discount to its 52-week high of $4.02, offering almost -237.82% off that amount. The share price’s 52-week low was $0.80, which indicates that the current value has risen by an impressive 32.77% since then. We note from Forge Global Holdings Inc’s average daily trading volume that its 10-day average is 0.57 million shares, with the 3-month average coming to 468.83K.
Forge Global Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended FRGE as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
Forge Global Holdings Inc (NYSE:FRGE) trade information
Instantly FRGE has showed a green trend with a performance of 12.26% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.2500 on recent trading dayincreased the stock’s daily price by 4.8%. The company’s shares are currently down -65.31% year-to-date, but still up 19.00% over the last five days. On the other hand, Forge Global Holdings Inc (NYSE:FRGE) is 5.31% up in the 30-day period. We can see from the shorts that 2.92 million shares have been sold at a short interest cover period of 5.28 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 60.33% from its current value. Analyst projections state that FRGE is forecast to be at a low of $3 and a high of $3.
Forge Global Holdings Inc (FRGE) estimates and forecasts
Forge Global Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -30.41 percent over the past six months and at a 24.49% annual growth rate that is well above the industry average of 7.60%.
FRGE Dividends
Forge Global Holdings Inc’s next quarterly earnings report is expected to be released in January.
Forge Global Holdings Inc (NYSE:FRGE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.61% of Forge Global Holdings Inc shares, and 38.81% of them are in the hands of institutional investors. The stock currently has a share float of 50.15%. Forge Global Holdings Inc stock is held by 109.0 institutions, with ROB EXPLORATION LLC being the largest institutional investor. By 2024-06-30, it held 13.4678% of the shares, which is about 24.23 million shares worth $35.38 million.
TEMASEK HOLDINGS (PRIVATE) LTD, with 4.7844% or 8.61 million shares worth $12.57 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
