Stocks of Forge Global Holdings Inc (NYSE:FRGE) traded higher last session on Wall Street, down -21.51% to $2.08.
FRGE stock price is now 6.56% away from the 50-day moving average and -14.52% away from the 200-day moving average. The market capitalization of the company currently stands at $364.56M.
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, Rodriques Kelly, Chief Executive Officer sold 27,566 shares of the company’s stock on Mar 04 ’24. The stock was sold for $54,462 at an average price of $1.98. Upon completion of the transaction, the Chief Executive Officer now directly owns 10,925,610 shares in the company, valued at $22.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, Chief Executive Officer Rodriques Kelly sold 22,434 shares of the business’s stock. A total of $44,969 was realized by selling the stock at an average price of $2.00. This leaves the insider owning 10,953,176 shares of the company worth $22.78 million. A total of 43.31% of the company’s stock is owned by insiders.
During the past 12 months, Forge Global Holdings Inc has had a low of $1.10 and a high of $4.02. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 6.74, and a quick ratio of 6.74. The fifty day moving average price for FRGE is $1.9472 and a two-hundred day moving average price translates $2.4335 for the stock.
The latest earnings results from Forge Global Holdings Inc (NYSE: FRGE) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at -$0.15, missing analysts’ expectations of -$0.1 by -0.05. This compares to $0.33 EPS in the same period last year. The net profit margin was -129.22% and return on equity was -30.96% for FRGE. The company reported revenue of $18.88 million for the quarter, compared to $16.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.81 percent. For the current quarter, analysts expect FRGE to generate $22.07M in revenue.
