In the last trading session, 1.26 million shares of the Forge Global Holdings Inc (NYSE:FRGE) were traded, and its beta was 2.32. Most recently the company’s share price was $0.70, and it changed around $0.08 or 13.51% from the last close, which brings the market valuation of the company to $132.47M. FRGE currently trades at a discount to its 52-week high of $3.56, offering almost -408.57% off that amount. The share price’s 52-week low was $0.55, which indicates that the current value has risen by an impressive 21.43% since then. We note from Forge Global Holdings Inc’s average daily trading volume that its 10-day average is 0.66 million shares, with the 3-month average coming to 627.64K.
Forge Global Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.33. 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, 2 recommended FRGE as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Forge Global Holdings Inc is expected to report earnings per share of -0.07 for the current quarter.
Forge Global Holdings Inc (NYSE:FRGE) trade information
Instantly FRGE has showed a green trend with a performance of 13.51% 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 0.7138 on recent trading dayincreased the stock’s daily price by 1.93%. The company’s shares are currently down -24.36% year-to-date, but still up 13.67% over the last five days. On the other hand, Forge Global Holdings Inc (NYSE:FRGE) is -24.07% down in the 30-day period. We can see from the shorts that 3.34 million shares have been sold at a short interest cover period of 5.68 day(s).
The consensus price target as assigned by Wall Street analysts is $6.5, which translates to bulls needing to increase their stock price by 89.23% from its current value. Analyst projections state that FRGE is forecast to be at a low of $3 and a high of $10.
Forge Global Holdings Inc (FRGE) estimates and forecasts
The year-over-year growth rate is expected to be 21.88%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 21.58M in revenue for the current quarter. 4 analysts expect Forge Global Holdings Inc to make 23.85M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 19.24M and 22.28M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.14%. Forecasts for the next quarter put sales growth at 7.03%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -12.27%.
FRGE Dividends
Forge Global Holdings Inc’s next quarterly earnings report is expected to be released on 2025-Mar-04.
Forge Global Holdings Inc (NYSE:FRGE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.10% of Forge Global Holdings Inc shares, and 37.95% of them are in the hands of institutional investors. The stock currently has a share float of 48.72%. Forge Global Holdings Inc stock is held by 116.0 institutions, with ROB EXPLORATION LLC being the largest institutional investor. By 2024-06-30, it held 13.2636% of the shares, which is about 24.23 million shares worth $35.38 million.
TEMASEK HOLDINGS (PRIVATE) LTD, with 4.7119% or 8.61 million shares worth $12.57 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 3.18 shares worth $2.24 million, making up 1.69% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.12 shares worth around $2.2 million, which represents about 1.66% of the total shares outstanding.
