Forian (NASDAQ:FORA) Shares Down 0.5% – Here’s Why

Forian Inc. (NASDAQ:FORA) shares were down 0.5% during mid-day trading on Monday . The stock traded as low as $2.07 and last traded at $2.10. Approximately 66,648 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 56,014 shares. The stock had previously closed at $2.11.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Forian in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Forian Price Performance

The stock has a 50 day moving average of $2.17 and a two-hundred day moving average of $2.11. The stock has a market capitalization of $65.25 million, a PE ratio of -24.33 and a beta of 1.03.

Forian (NASDAQ:FORA) last released its earnings results on Friday, November 14th. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.01). The business had revenue of $7.76 million during the quarter, compared to the consensus estimate of $7.26 million.

Institutional Trading of Forian

A number of institutional investors have recently added to or reduced their stakes in FORA. Caprock Group LLC purchased a new position in Forian in the third quarter valued at about $195,000. Portland Global Advisors LLC purchased a new stake in shares of Forian during the 3rd quarter worth approximately $56,000. Finally, Citadel Advisors LLC grew its holdings in shares of Forian by 178.2% in the 3rd quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock worth $86,000 after acquiring an additional 24,578 shares during the period. Hedge funds and other institutional investors own 19.25% of the company’s stock.

Forian Company Profile

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.