During the last session, Forge Global Holdings Inc (NYSE:FRGE)’s traded shares were 0.31 million, with the beta value of the company hitting 2.27. At the end of the trading day, the stock’s price was $8.69, reflecting an intraday gain of 0.58% or $0.05. The 52-week high for the FRGE share is $31.65, that puts it down -264.21 from that peak though still a striking 24.05% gain since the share price plummeted to a 52-week low of $6.60. The company’s market capitalization is $109.00M, and the average intraday trading volume over the past 10 days was 0.2 million shares, and the average trade volume was 63.91K shares over the past three months.
Forge Global Holdings Inc (FRGE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. FRGE has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
Forge Global Holdings Inc (NYSE:FRGE) trade information
Forge Global Holdings Inc (FRGE) registered a 0.58% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.58% in intraday trading to $8.69, hitting a weekly high. The stock’s 5-day price performance is 1.57%, and it has moved by -2.60% in 30 days. Based on these gigs, the overall price performance for the year is -67.64%. The short interest in Forge Global Holdings Inc (NYSE:FRGE) is 0.29 million shares and it means that shorts have 6.07 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.5, which implies a decrease of -33.69% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $10 respectively. As a result, FRGE is trading at a discount of -15.07% off the target high and 65.48% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -12.26%. While earnings are projected to return 17.13% in 2025, the next five years will return 29.25% per annum.
FRGE Dividends
Forge Global Holdings Inc is due to release its next quarterly earnings on 2025-Mar-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Forge Global Holdings Inc (NYSE:FRGE)’s Major holders
Forge Global Holdings Inc insiders own 19.54% of total outstanding shares while institutional holders control 251.71%, with the float percentage being 312.86%. ROB EXPLORATION LLC is the largest shareholder of the company, while 116.0 institutions own stock in it. As of 2024-06-30, the company held over 24.23 million shares (or 13.2636% of all shares), a total value of $35.38 million in shares.
The next largest institutional holding, with 8.61 million shares, is of TEMASEK HOLDINGS (PRIVATE) LTD’s that is approximately 4.7119% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.57 million.
Also, the Mutual Funds coming in first place with the largest holdings of Forge Global Holdings Inc (FRGE) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 208.19 shares. This amounts to just over 0.11 percent of the company’s overall shares, with a $1.81 million market value. The same data shows that the other fund manager holds slightly less at 205.96, or about 0.11% of the stock, which is worth about $1.79 million.
