Forge Global (FRGE) Stock Price, News & Analysis

Company Overview

Forge Global Holdings, Inc. operates a financial services platform in California. The company's platform solutions include trading solutions, a platform that connects investors with private company stockholders and enables them to facilitate private share transactions; and custody solutions, a non-depository trust company that enables clients to securely custody and manage assets through an online portal. It also provides data solutions, such as information and insight to navigate, analyze, and make investment decisions to market participants in the private market. The company was founded in 2014 and is headquartered in San Francisco, California.

Key Stats

• Today's Range: $0.93 to $0.99
• 50-Day Range: $0.83 to $1.42
• 52-Week Range: $0.80 to $4.02
• Volume: 661,816 shs
• Average Volume: 545,269 shs
• Market Capitalization: $179.61 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.50
• Consensus Rating: Buy

Forge Global Stock Analysis - MarketRank™

Forge Global scored higher than 71% of companies evaluated by MarketBeat, and ranked 341st out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Forge Global has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Forge Global has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Forge Global are expected to grow in the coming year, from ($0.37) to ($0.25) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Forge Global is -2.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Forge Global is -2.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Forge Global has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.68% of the float of Forge Global has been sold short.

Short Interest Ratio / Days to Cover

Forge Global has a short interest ratio ("days to cover") of 9.7.

Change versus previous month

Short interest in Forge Global has recently decreased by 5.45%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Forge Global does not currently pay a dividend.

Dividend Growth

Forge Global does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.68% of the float of Forge Global has been sold short.

Short Interest Ratio / Days to Cover

Forge Global has a short interest ratio ("days to cover") of 9.7.

Change versus previous month

Short interest in Forge Global has recently decreased by 5.45%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.69

News Sentiment

Forge Global has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Forge Global this week, compared to 3 articles on an average week.

Search Interest

3 people have searched for FRGE on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

1 people have added Forge Global to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Forge Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $445,736.00 in company stock.

Percentage Held by Insiders

Only 9.84% of the stock of Forge Global is held by insiders.

Percentage Held by Institutions

40.67% of the stock of Forge Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FRGE Stock Analysis - Frequently Asked Questions

How have FRGE shares performed this year?

Forge Global's stock was trading at $3.43 on January 1st, 2024. Since then, FRGE shares have decreased by 71.7% and is now trading at $0.9708.
View the best growth stocks for 2024 here.

How were Forge Global's earnings last quarter?

Forge Global Holdings, Inc. (NYSE:FRGE) posted its quarterly earnings data on Wednesday, November, 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.01. The company earned $19.22 million during the quarter, compared to analysts' expectations of $22.80 million. Forge Global had a negative net margin of 95.85% and a negative trailing twelve-month return on equity of 29.04%.

Who are Forge Global's major shareholders?

Top institutional shareholders of Forge Global include Temasek Holdings Private Ltd (4.15%), Douglass Winthrop Advisors LLC (2.52%), US Bancorp DE (2.12%) and Geode Capital Management LLC (1.42%). Insiders that own company stock include Kelly Rodriques, Jennifer Phillips, Drew Sievers, Kimberley H Vogel and Christoph Hansmeyer.
View institutional ownership trends.

How do I buy shares of Forge Global?

Shares of FRGE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Forge Global own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Forge Global investors own include NVIDIA (NVDA), Meta Platforms (META), Home Depot (HD), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/25/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Security & commodity brokers, dealers, exchanges & services
• Sub-Industry: Trading
• Current Symbol: NYSE:FRGE
• CUSIP: N/A
• CIK: 1827821
• Web: forgeglobal.com
• Phone: 415-881-1612
• Fax: N/A
• Employees: 3
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.50
• High Stock Price Target: $7.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +363.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.43)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-90,220,000.00
• Net Margins: -95.85%
• Pretax Margin: -96.85%
• Return on Equity: -29.04%
• Return on Assets: -25.10%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.37
• Quick Ratio: 5.37

Sales & Book Value

• Annual Sales: $79.26 million
• Price / Sales: 2.27
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.53 per share
• Price / Book: 0.63

Miscellaneous

• Outstanding Shares: 185,013,000
• Free Float: 166,808,000
• Market Cap: $179.61 million
• Optionable: Optionable
• Beta: 2.39