Forge Global Holdings Inc (NYSE:FRGE) traded at $12.30 at close of the session on Monday, April 21 and made an upward move of 41.54% on its previous day’s price.
Looking at the stock we see that its previous close was $8.69 and the beta (5Y monthly) reads 2.393 with the day’s price range being $8.885 – $12.96. In terms of its 52-week price range, FRGE has a high of $31.65 and a low of $6.60. The company’s stock has gained about 34.93% over that past 30 days.
Forge Global Holdings Inc has a market cap of $154.28 million and is expected to release its quarterly earnings report on 2025-Mar-04.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 24.99M, with a low of 24.68M and a high of 25.3M. The median projection represents growth squeezing down to 29.88% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 97.02M, or 22.30% up from figures reported last year.
On the other hand, looking at the outlook for the FRGE stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Forge Global Holdings Inc (FRGE) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 30.98% off its SMA20 and 14.05% from its 50-day simple moving average. The RSI (14) is pointing at 59.21 while the volatility over the past week is 36.27% and jumps to 18.46% over the past one month. The beta value is 2.27, while the average true range (ATR) is currently pointing at 1.84. The average price target for the stock over the next 12 months is $6.5, with the estimates having a low of $3 and a high of $10. These price ends are 75.61% and 18.7% off the current price level respectively, although investors could be excited at the prospect of a 47.15% if the FRGE share price touches on the median price of $6.5.
Coming back to Forge Global Holdings Inc (NYSE:FRGE), we note that the average 3-month trading volume was 68.38K, while that of the preceding 10-day period stands at 0.3 million. Current shares outstanding are 12.43 million.
The insiders hold 36.32% of the company’s shares while institutions hold 24.98%. The data shows that short shares as of 2025-03-31, stood at 0.29 million at a short ratio of 6.07. This represents a 358.00 short interest in shares outstanding on 2025-03-31. Shares short rose in March from the previous month at 0.22 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -11.91% down in year-to-date price movement.
