Share Price | Forge Global Holdings, Inc. Stock Analysis & Recommendation

Q: What does Forge Global Holdings, Inc. do?

Overview:Forge Global Holdings, Inc. operates within the Commercial Services & Supplies industry and is classified as a micro-cap company.Financial Snapshot:Most recent Net Sales: 25 Million (Quarterly Results - Mar 2025) Most recent Net Profit: -16 Million (Quarterly Results - Mar 2025) Market-cap: USD 208.96 Million (Micro Cap)Key Metrics:P/E: NA (Loss Making) Industry P/E: NA Dividend Yield: 0.00% Debt Equity: -0.39 Return on Equity: -32.48% Price to Book: 0.98 Contact Details:Registrar Address: Not available.

Q: Is Forge Global Holdings, Inc. overvalued or undervalued?

As of 9 February 2022, the valuation grade for Forge Global Holdings, Inc. has moved from does not qualify to risky. The company appears to be overvalued based on its financial metrics. Key ratios include a Price to Book Value of 0.86, an EV to Sales ratio of 1.16, and a ROCE of -56.25%. In comparison to peers, Forge's P/E ratio is not applicable due to losses, while AvePoint, Inc. shows a P/E of 265.46, and Global Blue Group Holding AG, which is rated very attractive, has a P/E of 30.28. The significant disparity in these ratios suggests that Forge Global Holdings is not positioned favorably within its industry. Additionally, the company's recent stock performance has outpaced the S&P 500 over the past month, but its longer-term returns indicate a concerning trend, reinforcing the notion that it is overvalued.

Q: Is Forge Global Holdings, Inc. technically bullish or bearish?

As of 26 August 2025, the technical trend for Forge Global Holdings, Inc. has changed from bullish to mildly bullish. The weekly MACD is mildly bearish, while the monthly MACD is mildly bullish, indicating mixed signals. The daily moving averages are mildly bullish, which supports a positive short-term outlook. However, the weekly Bollinger Bands are bullish, contrasting with the monthly bearish stance. The KST shows a similar pattern with weekly mildly bearish and monthly mildly bullish readings. Overall, the Dow Theory aligns with this mixed sentiment, being mildly bearish weekly and mildly bullish monthly. In terms of performance, the stock has underperformed the S&P 500 over the past month and year, with a return of -12.57% compared to the S&P 500's 2.33% for the month, and -9.01% versus 17.14% for the year. However, year-to-date, it has outperformed the benchmark with a return of 28.05% against the S&P 500's 12.22%.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

Shareholding (Sep 2025)

FII

4.22%

Held by 27 FIIs

DII

75.18%

Held by 9 DIIs

Promoter

11.88%

How big is Forge Global Holdings, Inc.?

22-Jun-2025

As of Jun 18, Forge Global Holdings, Inc. has a market capitalization of 208.96 million, with net sales of 85.39 million and a net profit loss of 65.04 million over the latest four quarters. The company has shareholder's funds of 223.58 million and total assets of 263.51 million.

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What does Forge Global Holdings, Inc. do?

22-Jun-2025

Forge Global Holdings, Inc. is a micro-cap company in the Commercial Services & Supplies industry, reporting net sales of $25 million and a net loss of $16 million as of March 2025. It has a market cap of $208.96 million and key metrics indicating financial challenges, including a negative return on equity and no dividend yield.

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Is Forge Global Holdings, Inc. overvalued or undervalued?

25-Jun-2025

As of February 9, 2022, Forge Global Holdings, Inc. is rated as risky and appears overvalued with key financial metrics indicating poor performance compared to peers, despite recent stock gains.

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Is Forge Global Holdings, Inc. technically bullish or bearish?

20-Sep-2025

As of August 26, 2025, Forge Global Holdings, Inc. shows a mixed technical trend with mildly bullish daily indicators and mildly bearish weekly signals, underperforming the S&P 500 over the past month and year but outperforming it year-to-date.

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Compare Forge Global Holdings, Inc. with Similar Stocks

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Flat results in Jun 25

DEBT-EQUITY RATIO (HY) Highest at -33.94 %
DEBTORS TURNOVER RATIO(HY) Lowest at 11.61 times

Risky - Negative EBITDA

Mojo Parameters

Stock DNA

Industry

Commercial Services & Supplies

Market cap

USD 623 Million (Micro Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.26

Return on Equity

-30.48%

Price to Book

3.07

Revenue and Profits:

Net Sales:

21 Million

(Quarterly Results - Sep 2025)

Net Profit:

-18 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

1.4%

6 Months

150.42%

1 Year

237.42%

2 Years

53.85%

3 Years

2456.82%

4 Years

351.81%

5 Years

-70.56%

Forge Global Holdings, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

11.68%

EBIT Growth (5y)

-283.10%

EBIT to Interest (avg)

-81.98

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

0.05

Sales to Capital Employed (avg)

0.32

Tax Ratio

2.95%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

44.93%

ROCE (avg)

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

3.07

EV to EBIT

-8.73

EV to EBITDA

-9.68

EV to Capital Employed

3.79

EV to Sales

6.15

PEG Ratio

Dividend Yield

ROCE (Latest)

-43.43%

ROE (Latest)

-30.48%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bearish

Bullish

RSI

Bearish

No Signal

Bollinger Bands

Mildly Bullish

Moving Averages

Bullish (Daily)

KST

Mildly Bearish

Bullish

Dow Theory

Bearish

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Majority shareholders

Strategic Entities

Domestic Funds

Held in 21 Schemes (8.73%)

Foreign Institutions

Held by 27 Foreign Institutions (4.22%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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        "Dec'24",
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          "chgp_class": "neutral"
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          "val1": "8.40",
          "val2": "-7.10",
          "chgp": "218.31%",
          "chgp_class": "positive"
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          "field": "Consolidate Net Profit",
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Quarterly Results Snapshot (Consolidated) - Sep'25 - QoQ

Sep'25

Jun'25

Change(%)

Net Sales

21.30

27.70

-23.10%

Operating Profit (PBDIT) excl Other Income

-18.90

-9.40

-101.06%

Interest

0.00

Exceptional Items

0.10

-2.30

104.35%

Consolidate Net Profit

-18.20

-12.40

-46.77%

Operating Profit Margin (Excl OI)

-954.60%

-391.00%

-56.36%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Sep 2025 is -23.10% vs 9.49% in Jun 2025

Consolidated Net Profit

QoQ Growth in quarter ended Sep 2025 is -46.77% vs 23.46% in Jun 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'24

Dec'24

Dec'23

Change(%)

Net Sales

79.30

69.80

13.61%

Operating Profit (PBDIT) excl Other Income

-71.90

-80.70

10.90%

Interest

0.00

Exceptional Items

8.40

-7.10

218.31%

Consolidate Net Profit

-67.80

-91.50

25.90%

Operating Profit Margin (Excl OI)

-1,023.70%

-1,301.20%

27.75%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2024 is 13.61% vs 0.58% in Dec 2023

Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 25.90% vs 18.23% in Dec 2023

All Annual Results

Company CV

About Forge Global Holdings, Inc.

Forge Global Holdings, Inc.

Commercial Services & Supplies

No Details Available.

Company Coordinates

No Company Details Available