Forge Global Holdings Inc (NYSE:FRGE) shares, rose in value on Thursday, April 16, with the stock price up by 0.58% to the previous day’s close as strong demand from buyers drove the stock to $8.69.
Actively observing the price movement in the last trading, the stock closed the session at $8.64, falling within a range of $8.32 and $9.32. The value of beta (5-year monthly) was 2.393. Referring to stock’s 52-week performance, its high was $31.65, and the low was $6.60. On the whole, FRGE has fluctuated by -2.60% over the past month.
With the market capitalization of Forge Global Holdings Inc currently standing at about $109.00 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 97.02M, with a low estimate of 24.68M and a high estimate of 25.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 24.99M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FRGE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of FRGE currently trading nearly -5.95% and -19.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.89, while the 7-day volatility ratio is showing 28.47% which for the 30-day chart, stands at 16.60%. Furthermore, Forge Global Holdings Inc (FRGE)’s beta value is 2.27, and its average true range (ATR) is 1.66.
A comparison of Forge Global Holdings Inc (FRGE) with its peers suggests the former has fared considerably weaker in the market. FRGE showed an intraday change of 0.58% in last session, and over the past year, it shrunk by -67.64%%.
Data on historical trading for Forge Global Holdings Inc (NYSE:FRGE) indicates that the trading volumes over the past 10 days have averaged 0.2 and over the past 3 months, they’ve averaged 63.91K. According to company’s latest data on outstanding shares, there are 12.43 million shares outstanding.
Forge Global Holdings Inc’s shares belong to company insiders and institutional investors own 24.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.29 million shares as on 2025-03-31, resulting in a short ratio of 6.07. According to the data, the short interest in Forge Global Holdings Inc (FRGE) stood at 358.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.22 million. The stock has fallen by -37.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FRGE stock heading into the next quarter.
