NYSE:FRGE

Forge Global (FRGE) Stock Forecast, Price & News

$1.44

+0.04 (+2.86%)

(As of 05/31/2023 ET)

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Today's Range: $1.32
▼
$1.47
50-Day Range: $1.14
▼
$1.75
52-Week Range: $1.10
▼
$21.24

Volume: 247,566 shs
Average Volume: 292,041 shs
Market Capitalization: $250.62 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.23

Forge Global MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 124.0% Upside
$3.23 Price Target
Short Interest: Bearish
1.78% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.02
Based on 6 Articles This Week
Insider Trading: Selling Shares
$183,857 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.44) to ($0.31) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars

Finance Sector

741st out of 901 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

9th out of 9 stocks

3.2

Analyst's Opinion

Consensus Rating
Forge Global has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.23, Forge Global has a forecasted upside of 124.0% from its current price of $1.44.
Amount of Analyst Coverage
Forge Global has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.78% of the float of Forge Global has been sold short.
Short Interest Ratio / Days to Cover
Forge Global has a short interest ratio ("days to cover") of 7.1.
Change versus previous month
Short interest in Forge Global has recently increased by 1.18%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Forge Global does not currently pay a dividend.
Dividend Growth
Forge Global does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FRGE.

2.2

News and Social Media Coverage

News Sentiment
Forge Global has a news sentiment score of 0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Forge Global this week, compared to 4 articles on an average week.
Search Interest
3 people have searched for FRGE on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Forge Global to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Forge Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $183,857.00 in company stock.
Percentage Held by Insiders
20.00% of the stock of Forge Global is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 13.68% of the stock of Forge Global is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Forge Global are expected to grow in the coming year, from ($0.44) to ($0.31) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Forge Global is -2.44, 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 Forge Global is -2.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Forge Global has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Forge Global (NYSE:FRGE) Stock

Forge Global Holdings, Inc. provides marketplace infrastructure, data services, and technology solutions for private market participants. It enables private company shareholders to trade private company shares with accredited investors. The company was founded in 2014 and is based in San Francisco, California.

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FRGE Stock News Headlines

May 31, 2023 | msn.com

World leaders are on a mission to bring an end to global plastic pollution

May 31, 2023 | msn.com

Haji: I'll forge partnerships to bolster NIS operations

June 1, 2023 | Vantage Point (Ad)

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May 31, 2023 | finance.yahoo.com

Vpon and VIOOH Forge Strategic Partnership to Pioneer the Future of Outdoor Advertising with Big Data and AI Technology

May 28, 2023 | news.yahoo.com

Biden, McCarthy Forge Debt Deal in Bid to Avert US Default

May 27, 2023 | finance.yahoo.com

NewLink and Dubai Chambers Forge Strategic Partnership to Support Bilateral Innovation Exchange and Collaboration

May 25, 2023 | msn.com

US trade chief seeks new thinking on global challenges as APEC ministers meet

May 22, 2023 | msn.com

Forge Global Holdings: Mixed Prospects Going Forward

June 1, 2023 | Legacy Research (Affiliate) (Ad)

“Amazon Loophole” could hand you $28,544 in “royalty” payouts

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May 22, 2023 | technews.tmcnet.com

Medisolv Receives Strategic Investment from BVP Forge

May 22, 2023 | msn.com

Globalgate Entertainment and Morbido Group Forge New Joint Venture, MorbidoGate (EXCLUSIVE)

May 20, 2023 | americanbankingnews.com

Forge Global Holdings, Inc. (NYSE:FRGE) Receives Consensus Recommendation of "Hold" from Analysts

May 19, 2023 | msn.com

Anonymous Content, Spain’s Morena Films Forge Joint Venture (EXCLUSIVE)

May 17, 2023 | marketwatch.com

Aluminum Forgings Market Size 2023: Global Analysis and Forecasting 2030

May 16, 2023 | finance.yahoo.com

Forge Global to Attend the Upcoming JMP Securities Technology Conference

May 16, 2023 | finance.yahoo.com

Global Research and Discovery Group Announces Multinational, Multifaceted BioForge Initiative

May 12, 2023 | marketwatch.com

Aircraft Isothermal Forging Market Size, Share & Global Insights 2022-2028

May 11, 2023 | msn.com

JMP Securities Reiterates Forge Global Holdings Inc - (FRGE) Market Outperform Recommendation

May 11, 2023 | marketwatch.com

AM Best Revises Outlooks to Positive for Forge Insurance Company

May 10, 2023 | msn.com

Africa: Countries Must Forge 'Global Blue Deal' to Protect the Ocean - Unctad

May 10, 2023 | finanznachrichten.de

Schuler Incorporated Canton: Digital Solutions Forge a New Future

May 10, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Axon Enterprise (AXON), Forge Global Holdings (FRGE) and EverCommerce (EVCM)

May 9, 2023 | finance.yahoo.com

Forge Global Holdings, Inc. (FRGE) Reports Q1 Loss, Lags Revenue Estimates

May 9, 2023 | msn.com

Countries Must Forge 'Global Blue Deal' to Protect the Ocean - Unctad

May 9, 2023 | finance.yahoo.com

Forge Global Holdings, Inc. Reports First Quarter Fiscal Year 2023 Results

May 9, 2023 | msn.com

China told be on 'high alert' as South Korea, Japan and US forge stronger alliances

May 8, 2023 | bizjournals.com

Forge Global has launched a new index to track startup valuations

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FRGE Company Calendar

Today: 5/31/2023
Next Earnings (Estimated): 8/10/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Security & commodity brokers, dealers, exchanges & services
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:FRGE
CUSIP: N/A
CIK: 1827821
Web: forgeglobal.com
Phone: N/A
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $3.23
High Stock Price Forecast: $7.00
Low Stock Price Forecast: $1.75
Forecasted Upside/Downside: +124.0%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.59)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-111,860,000.00
Net Margins: -105.83%
Pretax Margin: -105.42%
Return on Equity: -27.36%
Return on Assets: -24.21%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 10.82
Quick Ratio: 10.82

Sales & Book Value

Annual Sales: $69.38 million
Price / Sales: 3.61
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.79 per share
Price / Book: 0.80

Miscellaneous

Outstanding Shares: 174,040,000
Free Float: 139,232,000
Market Cap: $250.62 million
Optionable: Not Optionable
Beta: 2.25

Key Executives

Mr. Kelly A. Rodriques (Age 57)
CEO & Director
Comp: $1.06M

Mr. Mark P. Lee (Age 63)
Chief Financial Officer
Comp: $722.17k

Mr. Jose A. Cobos (Age 49)
Consultant
Comp: $1.69M

Ms. Vidya Eashwer
CTO & Head of Data

Mr. Dominic Paschel
Sr. VP of Fin. & Investor Relations

Mr. Johnathan H. Short (Age 57)
Chief Legal Officer

Frank Lennox
Sr. VP & Head of Compliance

Ms. Lindsay Riddell
Sr. VP & Head of Global Communications

Ms. Megan Hanley
Chief Marketing Officer

Mr. Patrick Hughes CFA
Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FRGE Stock - Frequently Asked Questions

Should I buy or sell Forge Global stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forge Global in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FRGE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FRGE, but not buy additional shares or sell existing shares.
View FRGE analyst ratings or view top-rated stocks.
What is Forge Global's stock price forecast for 2023?: 6 brokers have issued 1 year target prices for Forge Global's stock. Their FRGE share price forecasts range from $1.75 to $7.00. On average, they expect the company's share price to reach $3.23 in the next twelve months. This suggests a possible upside of 124.0% from the stock's current price.
View analysts price targets for FRGE or view top-rated stocks among Wall Street analysts.
How have FRGE shares performed in 2023?: Forge Global's stock was trading at $1.73 at the beginning of 2023. Since then, FRGE shares have decreased by 16.8% and is now trading at $1.44.
View the best growth stocks for 2023 here.
When is Forge Global's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our FRGE earnings forecast.
What ETF holds Forge Global's stock ?: Amplify Digital & Online Trading ETF holds 826 shares of FRGE stock, representing 0.33% of its portfolio.

What is Forge Global's stock symbol?: Forge Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "FRGE."
Who are Forge Global's major shareholders?: Forge Global's stock is owned by a number of institutional and retail investors. Top institutional investors include Geode Capital Management LLC (0.51%), Charles Schwab Investment Management Inc. (0.31%), Abacus Wealth Partners LLC (0.26%), State Street Corp (0.21%), Summit Trail Advisors LLC (0.20%) and Bank of America Corp DE (0.06%). Insiders that own company stock include Christoph Hansmeyer, Kelly Rodriques and Kimberley H Vogel.
View institutional ownership trends.
How do I buy shares of Forge Global?: Shares of FRGE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Forge Global's stock price today?: One share of FRGE stock can currently be purchased for approximately $1.44.
How much money does Forge Global make?: Forge Global (NYSE:FRGE) has a market capitalization of $250.62 million and generates $69.38 million in revenue each year. The company earns $-111,860,000.00 in net income (profit) each year or ($0.59) on an earnings per share basis.
How can I contact Forge Global?: Forge Global's mailing address is 250 GREENWICH STREET, NEW YORK NY, 10007. The official website for the company is forgeglobal.com. The company can be reached via email at ir@forgeglobal.com.

This page (NYSE:FRGE) was last updated on 6/1/2023 by MarketBeat.com Staff

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