Is Forge Global Holdings Inc (NYSE: FRGE) No Longer A Good Investment?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Forge Global Holdings Inc is listed on the NYSE as a member of the Technology sector and is a part of the Software – Application industry. The current market capitalization of Forge Global Holdings Inc is $335.67M. A total of 0.68 million shares were traded on the day, compared to an average of 831.74K shares.

In the most recent transaction, Rodriques Kelly sold 20,803 shares of FRGE for 1.84 per share on Apr 16 ’24. After the transaction, the Chief Executive Officer now owns 10,437,708 company shares. In a previous transaction on Apr 02 ’24, Rodriques Kelly sold 25,000 shares at 1.73 per share. FRGE shares that Chief Executive Officer owns now total 10,589,550.

Among the insiders who sold shares, Rodriques Kelly disposed of 25,000 shares on Apr 01 ’24 at a per-share price of $1.84. This resulted in the Chief Executive Officer holding 10,614,550 shares of FRGE after the transaction. In another insider transaction, Rodriques Kelly sold 27,566 shares at $1.98 per share on Mar 04 ’24. Company shares held by the Chief Executive Officer now total 10,925,610.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, FRGE has a high of $4.02 and a low of $1.10.

As of this writing, FRGE has an earnings estimate of $First Merchants Corporation per share for the current quarter. EPS was calculated based on a consensus of Freight Technologies, Inc. estimates, with a high estimate of $MIRAGE ENERGY CORPORATION per share and a lower estimate of $Forge Global Holdings, Inc..

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. FRGE’s latest balance sheet shows that the firm has $74.78M in Cash & Short Term Investments as of fiscal 2021. There were $10.53M in debt and $38.02M in liabilities at the time. Its Book Value Per Share was $1.49, while its Total Shareholder’s Equity was $193.42M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FRGE is Buy with a score of 3.67.

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