In the last trading session, 1.17 million Forge Global Holdings Inc (NYSE:FRGE) shares changed hands as the company’s beta touched 2.36. With the company’s per share price at $0.79 changed hands at $0.07 or 10.03% during last session, the market valuation stood at $145.88M. FRGE’s last price was a discount, traded about -350.63% off its 52-week high of $3.56. The share price had its 52-week low at $0.70, which suggests the last value was 11.39% up since then. When we look at Forge Global Holdings Inc’s average trading volume, we note the 10-day average is 0.73 million shares, with the 3-month average coming to 633.47K.
Analysts gave the Forge Global Holdings Inc (FRGE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended FRGE as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Forge Global Holdings Inc’s EPS for the current quarter is expected to be -0.09.
Forge Global Holdings Inc (NYSE:FRGE) trade information
Instantly FRGE was in green as seen at the end of in last trading. With action -9.37%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -15.30%, with the 5-day performance at -9.37% in the red. However, in the 30-day time frame, Forge Global Holdings Inc (NYSE:FRGE) is -28.32% down. Looking at the short shares, we see there were 2.81 million shares sold at short interest cover period of 4.03 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 73.67% from its current market value. According to analyst projections, FRGE’s forecast low is 3 with 3 as the target high. To hit the forecast high, the stock’s price needs a -279.75% plunge from its current level, while the stock would need to soar -279.75% for it to hit the projected low.
Forge Global Holdings Inc (FRGE) estimates and forecasts
Data shows that the Forge Global Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -45.24% over the past 6 months, a 24.49% in annual growth rate that is considerably higher than the industry average of 8.10%. Year-over-year growth is forecast to reach 16.53% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 20.75M. 4 analysts are of the opinion that Forge Global Holdings Inc’s revenue for the current quarter will be 23.47M. The company’s revenue for the corresponding quarters a year ago was 19.06M and 19.24M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.86%. The estimates for the next quarter sales put growth at 21.95%.
The 2025 estimates are for Forge Global Holdings Inc earnings to increase by 29.00%.
FRGE Dividends
Forge Global Holdings Inc is expected to release its next quarterly earnings report in February.
Forge Global Holdings Inc (NYSE:FRGE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 22.48% of Forge Global Holdings Inc shares while 38.84% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 50.10%. There are 38.84% institutions holding the Forge Global Holdings Inc stock share, with ROB EXPLORATION LLC the top institutional holder. As of 2024-06-30, the company held 13.4678% of the shares, roughly 24.23 million FRGE shares worth $35.38 million.
TEMASEK HOLDINGS (PRIVATE) LTD holds the second largest percentage of outstanding shares, with 4.7844% or 8.61 million shares worth $12.57 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 3.12 shares estimated at $2.46 million under it, the former controlled 1.69% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.64% of the shares, roughly 3.03 shares worth around $2.39 million.
