Forge Global (NYSE:FRGE – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.04, Zacks reports. The company had revenue of $22.28 million for the quarter, compared to analysts’ expectations of $20.24 million. Forge Global had a negative net margin of 119.12% and a negative return on equity of 29.55%. During the same quarter in the previous year, the company earned ($0.12) earnings per share.
Forge Global Stock Performance
Shares of NYSE:FRGE traded down $0.07 during trading on Friday, reaching $1.29. 330,189 shares of the stock traded hands, compared to its average volume of 609,069. The stock has a 50-day moving average of $1.46 and a two-hundred day moving average of $1.76. Forge Global has a 52-week low of $1.17 and a 52-week high of $4.02. The stock has a market cap of $233.54 million, a P/E ratio of -2.58 and a beta of 2.39.
Insider Activity at Forge Global
In related news, CEO Kelly Rodriques sold 25,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $1.53, for a total transaction of $38,250.00. Following the transaction, the chief executive officer now owns 10,259,336 shares in the company, valued at $15,696,784.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 588,871 shares of company stock worth $850,518 over the last quarter. Company insiders own 9.84% of the company’s stock.
About Forge Global
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.
Further Reading
- Five stocks we like better than Forge Global
- How Technical Indicators Can Help You Find Oversold Stocks
- MarketBeat Week in Review – 8/5 – 8/9
- Following Congress Stock Trades
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
- What Do S&P 500 Stocks Tell Investors About the Market?
- The Cannabis Sector: Profitability Takes Center Stage
Receive News & Ratings for Forge Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forge Global and related companies with MarketBeat.com's FREE daily email newsletter.
