Forge Global Holdings Inc. [NYSE: FRGE] loss -25.23% on the last trading session, reaching $10.76 price per share at the time. The company report on June 9, 2022 that Forge Announces Redemption of Public Warrants.
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Action will eliminate all outstanding Public and Forward Purchase Warrants and streamline Forge’s capital structure.
Holders of outstanding Public Warrants will have until 5:00 p.m. New York City time on July 11, 2022, to exercise their Public Warrants. Any Public Warrants that remain unexercised at such time on the Redemption Date will be void and no longer exercisable.
Forge Global Holdings Inc. represents 51.75 million in outstanding shares, while the company has a total market value of $1.84 billion with the latest information. FRGE stock price has been found in the range of $9.61 to $11.93.
If compared to the average trading volume of 1.68M shares, FRGE reached a trading volume of 3029148 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Forge Global Holdings Inc. [FRGE]:
The Average True Range (ATR) for Forge Global Holdings Inc. is set at 4.16, with the Price to Sales ratio for FRGE stock in the period of the last 12 months amounting to 14.34. The Price to Book ratio for the last quarter was 1.50, with the Price to Cash per share for the same quarter was set at 0.00.
Trading performance analysis for FRGE stock
Forge Global Holdings Inc. [FRGE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -41.77. With this latest performance, FRGE shares dropped by -57.18% in over the last four-week period, additionally plugging by 8.58% over the last 6 months – not to mention a rise of 10.13% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FRGE stock in for the last two-week period is set at 37.13, with the RSI for the last a single of trading hit 30.06, and the three-weeks RSI is set at 41.25 for Forge Global Holdings Inc. [FRGE]. The present Moving Average for the last 50 days of trading for this stock 20.50, while it was recorded at 14.38 for the last single week of trading, and 12.76 for the last 200 days.
Forge Global Holdings Inc. [FRGE]: A deeper dive into fundamental analysis
Return on Equity for this stock inclined to 2.56, with Return on Assets sitting at 2.25.
Forge Global Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.10.
An analysis of insider ownership at Forge Global Holdings Inc. [FRGE]
There are presently around $76 million, or 8.60% of FRGE stock, in the hands of institutional investors. The top three institutional holders of FRGE stocks are: WELLS FARGO & COMPANY/MN with ownership of 2,515,283, which is approximately New of the company’s market cap and around 25.10% of the total institutional ownership; TEMASEK HOLDINGS (PRIVATE) LTD, holding 1,000,000 shares of the stock with an approximate value of $14.39 million in FRGE stocks shares; and TACONIC CAPITAL ADVISORS LP, currently with $13.45 million in FRGE stock with ownership of nearly 55.798% of the company’s market capitalization.
12 institutional holders increased their position in Forge Global Holdings Inc. [NYSE:FRGE] by around 4,575,868 shares. Additionally, 78 investors decreased positions by around 36,915,523 shares, while 1 investors held positions by with 36,234,285 shares. The mentioned changes placed institutional holdings at 5,257,106 shares, according to the latest SEC report filing. FRGE stock had 10 new institutional investments in for a total of 4,186,782 shares, while 71 institutional investors sold positions of 32,491,303 shares during the same period.