Forge Global (NYSE:FRGE - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Tuesday, May 6th. Analysts expect Forge Global to post earnings of ($0.08) per share and revenue of $21.50 million for the quarter.
Forge Global Price Performance
Shares of NYSE FRGE traded down $0.52 during mid-day trading on Friday, hitting $13.64. The company had a trading volume of 168,710 shares, compared to its average volume of 50,460. The business's 50-day simple moving average is $10.55 and its 200 day simple moving average is $13.16. Forge Global has a 1-year low of $6.60 and a 1-year high of $31.65. The company has a market capitalization of $171.17 million, a PE ratio of -31.72 and a beta of 2.39.
Forge Global announced that its board has authorized a share buyback program on Wednesday, March 5th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 6.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. JMP Securities dropped their price objective on shares of Forge Global from $75.00 to $60.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Forge Global in a research report on Tuesday, January 7th.
View Our Latest Stock Analysis on FRGE
Insider Buying and Selling
In other Forge Global news, CRO Jennifer Phillips sold 16,150 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $15.11, for a total value of $244,026.50. Following the completion of the sale, the executive now owns 22,226 shares of the company's stock, valued at approximately $335,834.86. This trade represents a 42.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.22% of the company's stock.
Forge Global Company Profile
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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.
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