Forian Inc (NASDAQ:FORA) has a beta value of 1.78 and has seen 0.15 million shares traded in the last trading session. The company, currently valued at $111.36M, closed the last trade at $3.59 per share which meant it gained $0.83 on the day or 30.07% during that session. The FORA stock price is -15.6% off its 52-week high price of $4.15 and 45.4% above the 52-week low of $1.96. If we look at the company’s 10-day average daily trading volume, we find that it stood at 58740.0 shares traded. The 3-month trading volume is 25.23K shares.
The consensus among analysts is that Forian Inc (FORA) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.02.
Forian Inc (NASDAQ:FORA) trade information
Sporting 30.07% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the FORA stock price touched $3.59 or saw a rise of 0.83%. Year-to-date, Forian Inc shares have moved 74.27%, while the 5-day performance has seen it change 44.76%. Over the past 30 days, the shares of Forian Inc (NASDAQ:FORA) have changed 73.43%. Short interest in the company has seen 85893.0 shares shorted with days to cover at 4.25.
Wall Street analysts have a consensus price target for the stock at $4.5, which means that the shares’ value could jump 20.22% from current levels. The projected low price target is $4.5 while the price target rests at a high of $4.5. In that case, then, we find that the current price level is -25.35% off the targeted high while a plunge would see the stock gain -25.35% from current levels.
Forian Inc (FORA) estimates and forecasts
The company’s shares have gained 45.34% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -3.77%.
1 analysts offering their estimates for the company have set an average revenue estimate of 5.37M for the current quarter. 1 have an estimated revenue figure of 5.37M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 25.51% over the past 5 years.
FORA Dividends
Forian Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Forian Inc (NASDAQ:FORA)’s Major holders
Insiders own 65.13% of the company shares, while shares held by institutions stand at 15.54% with a share float percentage of 44.58%. Investors are also buoyed by the number of investors in a company, with Forian Inc having a total of 37.0 institutions that hold shares in the company. The top two institutional holders are ORACLE INVESTMENT MANAGEMENT INC with over 1.36 million shares worth more than $3.59 million. As of 2024-06-30, ORACLE INVESTMENT MANAGEMENT INC held 4.3746% of shares outstanding.
The other major institutional holder is STALEY CAPITAL ADVISERS INC, with the holding of over 1.1 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.92 million and represent 3.5485% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 1.64% shares in the company for having 507.76 shares of worth $1.82 million while later fund manager owns 229.23 shares of worth $0.82 million as of Sep 30, 2024, which makes it owner of about 0.74% of company’s outstanding stock.
