The price of Forge Global Holdings Inc (NYSE:FRGE) shares last traded on Wall Street fell -0.58% to $1.71.
FRGE stock price is now -12.78% away from the 50-day moving average and -26.23% away from the 200-day moving average. The market capitalization of the company currently stands at $309.58M.
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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 26,238 shares of the company’s stock on May 23 ’24. The stock was sold for $45,352 at an average price of $1.73. Upon completion of the transaction, the Chief Executive Officer now directly owns 10,284,336 shares in the company, valued at $17.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’24, Chief Executive Officer Rodriques Kelly sold 33,762 shares of the business’s stock. A total of $61,116 was realized by selling the stock at an average price of $1.81. This leaves the insider owning 10,310,574 shares of the company worth $17.63 million. A total of 41.89% of the company’s stock is owned by insiders.
During the past 12 months, Forge Global Holdings Inc has had a low of $1.23 and a high of $4.02. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 6.16, and a quick ratio of 6.16. The fifty day moving average price for FRGE is $1.9586 and a two-hundred day moving average price translates $2.312 for the stock.
The latest earnings results from Forge Global Holdings Inc (NYSE: FRGE) was released for 2024-03-31. According to the Software – Application Company, earnings per share came in at -0.14, missing analysts’ expectations of -0.11 by -0.03. This compares to -$0.12 EPS in the same period last year. The net profit margin was -119.13% and return on equity was -31.44% for FRGE. The company reported revenue of $19.21 million for the quarter, compared to $15.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.28 percent. For the current quarter, analysts expect FRGE to generate $20.33M in revenue.
