In yesterday’s Wall Street session, Forge Global Holdings Inc. (NYSE:FRGE) shares traded at $2.00, up 3.09% from the previous session.
6 analysts cover Forge Global Holdings Inc. (NYSE:FRGE), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $1.75, we find $1.88. Given the previous closing price of $1.94, this indicates a potential downside of -3.09 percent. FRGE stock price is now 25.96% away from the 50-day moving average and -72.79% away from the 200-day moving average. The market capitalization of the company currently stands at $323.72M.
The stock has received a hold rating from 4 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $3.38 as their price target over the next twelve months.
On November 30, 2022, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $1.75, while ‘Piper Sandler’ rates the stock as ‘Neutral’.
In other news, Vogel Kimberley H, Director bought 33,000 shares of the company’s stock on Nov 17. The stock was bought for $49,820 at an average price of $1.51. Upon completion of the transaction, the Director now directly owns 33,000 shares in the company, valued at $66000.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11, Director Vogel Kimberley H bought 30,303 shares of the business’s stock. A total of $50,000 was incurred on buying the stock at an average price of $1.65. This leaves the insider owning 54,303 shares of the company worth $0.11 million. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FRGE stock. A new stake in Forge Global Holdings Inc. shares was purchased by MUFG AMERICAS HOLDINGS CORP during the first quarter worth $9,303,000. INTERVAL PARTNERS, LP invested $482,000 in shares of FRGE during the first quarter. In the first quarter, STEPSTONE GROUP LP acquired a new stake in Forge Global Holdings Inc. valued at approximately $452,000. NOMURA HOLDINGS INC acquired a new stake in FRGE for approximately $391,000. BANK OF AMERICA CORP /DE/ purchased a new stake in FRGE valued at around $340,000 in the second quarter. In total, there are 41 active investors with 27.80% ownership of the company’s stock.
On Monday morning Forge Global Holdings Inc. (NYSE: FRGE) stock kicked off with the opening price of $1.9100. During the past 12 months, Forge Global Holdings Inc. has had a low of $1.26 and a high of $47.50. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 9.10, and a quick ratio of 9.10. The fifty day moving average price for FRGE is $1.5878 and a two-hundred day moving average price translates $7.3499 for the stock.
The latest earnings results from Forge Global Holdings Inc. (NYSE: FRGE) was released for Jun, 2022. The company reported revenue of $15.81 million for the quarter, compared to $27.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -41.59 percent. For the current quarter, analysts expect FRGE to generate $16.6M in revenue.
Forge Global Holdings Inc.(FRGE) Company Profile
Forge Global Holdings, Inc. provides marketplace infrastructure, data services, and technology solutions for private market participants. It enables private company shareholders to trade private company shares with accredited investors. The company was founded in 2014 and is based in San Francisco, California.