Forian Inc. (NASDAQ:FORA - Get Free Report) rose 2.9% during mid-day trading on Thursday . The stock traded as high as $2.13 and last traded at $2.12. Approximately 3,201 shares were traded during trading, a decline of 81% from the average daily volume of 16,547 shares. The stock had previously closed at $2.06.
Forian Stock Up 0.5%
The stock has a market capitalization of $67.40 million, a PE ratio of -24.00 and a beta of 1.02. The firm's fifty day moving average is $2.05 and its 200-day moving average is $2.12.
Forian (NASDAQ:FORA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06). The company had revenue of $7.06 million for the quarter, compared to analysts' expectations of $5.37 million.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in FORA. Virtu Financial LLC acquired a new position in Forian during the fourth quarter worth about $30,000. Renaissance Technologies LLC grew its position in shares of Forian by 48.9% in the fourth quarter. Renaissance Technologies LLC now owns 35,301 shares of the company's stock valued at $73,000 after purchasing an additional 11,601 shares during the last quarter. Finally, Oracle Investment Management Inc. grew its position in shares of Forian by 0.7% in the fourth quarter. Oracle Investment Management Inc. now owns 1,366,107 shares of the company's stock valued at $2,814,000 after purchasing an additional 10,000 shares during the last quarter. 19.25% of the stock is currently owned by institutional investors and hedge funds.
About Forian
(
Get Free Report)
Forian Inc provides a suite of data management capabilities, and information and analytics solutions to optimize and measure operational, clinical, and financial performance for customers in the healthcare and related industries. It develops commercial, real world evidence (RWE), and market access solutions and proprietary data-driven insights, as well as offers data management solutions.
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