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Data-Based Analysis Of Forge Global Holdings Inc. (FRGE)

Forge Global Holdings Inc. (NYSE:FRGE) concluded the trading at $2.08 on Thursday, September 22 with a fall of -9.96% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $2.31 with its price kept floating in the range of $1.95 and $2.40 on the day. Company’s P/E ratio for the trailing 12 months is 11.49. Considering stock’s 52-week price range provides that FRGE hit a high price of $47.50 and saw its price falling to a low level of $2.23 during that period. Over a period of past 1-month, stock came subtracting -38.28% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review FRGE stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

According to ratings assigned by 2 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 1 of them are recommending Forge Global Holdings Inc. (FRGE) as a Hold, while 1 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.

Digging deeper we become aware of the PEG ratio of the FRGE stock which is currently positioned at 0. It further provides that stock’s current price level is -40.96% away from its 20-day simple moving average and is -52.73% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 30.35 while volatility remained at 21.00% over the past week which changes to 17.77% when measuring it over the past month. Average true range or ATR is currently at 0.54.

Having a second look at Forge Global Holdings Inc. (NYSE:FRGE) provides that stock’s average daily trading volume for 3 months was 1.52 million, while it jumped to 1.21 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 182.54 million.

The percentage of outstanding shares held by the insiders is 26.20% while it is 24.30% for the institutional holders. The figures also indicate that as of Jul 14, 2022, number of stock’s short shares was 1.74 million which implies a short ratio of 1.87. This shows down a 1.03% of Short Interest in company’s outstanding shares on the day. In July the standing of shares short improved as it was 2.06 million in the previous month. Subtraction of -78.86% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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