Forian (FORA) Stock Price, News & Analysis

Company Overview

Forian (NASDAQ: FORA) is a global regulatory technology company offering cloud-native software solutions for enterprise risk management and financial crime compliance. The company’s platform enables financial institutions to automate and streamline regulatory reporting, transaction surveillance, market risk measurement and client onboarding processes. By consolidating data across multiple asset classes and jurisdictions, Forian helps organizations maintain compliance with evolving regulatory frameworks such as MiFID II, EMIR, Dodd-Frank, FATCA and local AML/KYC requirements.

Founded in 2013 as RegTek Solutions, the business rebranded to Forian in 2023 following a period of strategic expansion into complementary risk and compliance offerings. In December 2022, the company completed a business combination with a special purpose acquisition company (SPAC), providing additional capital to accelerate product development and global growth. Since its inception, Forian has invested in modular SaaS architecture, enabling clients to select specific capabilities—from transaction reporting and position keeping to real-time trade surveillance and counterparty screening—while scaling easily as regulatory demands evolve.

Forian serves a diverse client base that includes banks, brokerage firms, asset managers, custodians and corporate treasuries across North America, Europe, Asia-Pacific and other key financial centers. The company maintains offices and delivery centers in major regions, offering regional support and managed services to address local regulatory nuances. Its cloud deployment model supports both public and private cloud environments, ensuring data security, resiliency and compliance with regional data residency requirements.

Led by a senior management team with deep expertise in financial services, regulatory affairs and enterprise technology, Forian continues to expand its suite of services through strategic partnerships and ongoing product innovation. By focusing on automated regulatory reporting, advanced surveillance analytics and comprehensive financial crime compliance, the company aims to help clients reduce operational risk, improve transparency and drive cost efficiencies in their compliance programs.

Key Stats

• Today's Range: $2.23 to $2.28
• 50-Day Range: $1.75 to $2.37
• 52-Week Range: $1.64 to $4.03
• Volume: 10,768 shs
• Average Volume: 25,269 shs
• Market Capitalization: $70.94 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.00
• Consensus Rating: Hold

Forian Stock Analysis - MarketRank™

Forian scored higher than 35% of companies evaluated by MarketBeat, and ranked 807th out of 937 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Forian has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.

Upside Potential

Forian has a consensus price target of $5.00, representing about 119.3% upside from its current price of $2.28.

Amount of Analyst Coverage

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

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Forian is -25.33, 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 Forian is -25.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.21% of the float of Forian has been sold short.

Short Interest Ratio / Days to Cover

Forian has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Forian has recently increased by 2.86%, indicating that investor sentiment is decreasing.

Dividend

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

Dividend Yield

Forian does not currently pay a dividend.

Dividend Growth

Forian does not have a long track record of dividend growth.

Sustainability and ESG

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

Percentage of Shares Shorted

1.21% of the float of Forian has been sold short.

Short Interest Ratio / Days to Cover

Forian has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Forian has recently increased by 2.86%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Forian insiders have not sold or bought any company stock.

Percentage Held by Insiders

34.30% of the stock of Forian is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 19.25% of the stock of Forian is held by institutions.

FORA Stock Analysis - Frequently Asked Questions

How have FORA shares performed this year?

Forian's stock was trading at $2.06 at the start of the year. Since then, FORA shares have increased by 10.7% and is now trading at $2.28.

How were Forian's earnings last quarter?

Forian Inc. (NASDAQ:FORA) released its earnings results on Wednesday, May, 14th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.02 by $0.06. The firm had revenue of $7.06 million for the quarter, compared to analyst estimates of $5.37 million.
Read the conference call transcript.

How do I buy shares of Forian?

Shares of FORA 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.

What other stocks do shareholders of Forian own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Forian investors own include Avino Silver & Gold Mines (ASM), PayPal (PYPL), Taiwan Semiconductor Manufacturing (TSM), Iamgold (IAG), XPeng (XPEV) and AbCellera Biologics (ABCL).

Company Calendar

• Last Earnings: 5/14/2025
• Today: 10/06/2025
• Next Earnings (Estimated): 11/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Health Information Services
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:FORA
• CIK: 1829280
• Web: forian.com
• Phone: +17203285372
• Fax: N/A
• Employees: 140
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Forian: $5.00
• High Price Target: $5.00
• Low Price Target: $5.00
• Potential Upside/Downside: +121.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

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

Sales & Book Value

• Annual Sales: $25.03 million
• Price / Sales: 2.81
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 31,112,000
• Free Float: N/A
• Market Cap: $70.31 million
• Optionable: Optionable
• Beta: 1.03