Forge Global Holdings Inc (NYSE:FRGE) has a beta value of 2.39 and has seen 0.99 million shares traded in the last trading session. The company, currently valued at $107.34M, closed the last trade at $0.57 per share which meant it gained $0.01 on the day or 1.51% during that session. The FRGE stock price is -343.86% off its 52-week high price of $2.53 and 5.26% above the 52-week low of $0.54. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.79 million shares traded. The 3-month trading volume is 662.38K shares.
The consensus among analysts is that Forge Global Holdings Inc (FRGE) is Buy stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
Forge Global Holdings Inc (NYSE:FRGE) trade information
Sporting 1.51% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FRGE stock price touched $0.57 or saw a rise of 21.38%. Year-to-date, Forge Global Holdings Inc shares have moved -38.72%, while the 5-day performance has seen it change -18.97%. Over the past 30 days, the shares of Forge Global Holdings Inc (NYSE:FRGE) have changed -35.83%. Short interest in the company has seen 2.99 million shares shorted with days to cover at 4.71.
Wall Street analysts have a consensus price target for the stock at $6.5, which means that the shares’ value could jump 91.23% from current levels. The projected low price target is $3.0 while the price target rests at a high of $10.0. In that case, then, we find that the current price level is -1654.39% off the targeted high while a plunge would see the stock gain -426.32% from current levels.
Forge Global Holdings Inc (FRGE) estimates and forecasts
The company’s shares have lost -57.43% over the past 6 months.
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 -12.27% over the past 5 years.
FRGE Dividends
Forge Global Holdings Inc is expected to release its next earnings report on 2025-Mar-04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Forge Global Holdings Inc (NYSE:FRGE)’s Major holders
Insiders own 19.63% of the company shares, while shares held by institutions stand at 37.95% with a share float percentage of 47.22%. Investors are also buoyed by the number of investors in a company, with Forge Global Holdings Inc having a total of 116.0 institutions that hold shares in the company. The top two institutional holders are ROB EXPLORATION LLC with over 24.23 million shares worth more than $35.38 million. As of 2024-06-30, ROB EXPLORATION LLC held 13.2636% of shares outstanding.
The other major institutional holder is TEMASEK HOLDINGS (PRIVATE) LTD, with the holding of over 8.61 million shares as of 2024-06-30. The firm’s total holdings are worth over $12.57 million and represent 4.7119% of shares outstanding.
