Forian (FORA) to Release Quarterly Earnings on Friday

Forian (NASDAQ:FORA) is expected to be releasing its results before the market opens on Friday, February 13th. Analysts expect Forian to post earnings of $0.01 per share for the quarter.

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

Forian Stock Performance

Shares of FORA stock opened at $2.10 on Friday. The stock’s 50-day moving average is $2.12 and its two-hundred day moving average is $2.12. The firm has a market cap of $65.25 million, a price-to-earnings ratio of -24.33 and a beta of 1.03. Forian has a 1 year low of $1.64 and a 1 year high of $4.03.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Forian in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Forian stock. Citadel Advisors LLC grew its position in shares of Forian Inc. (NASDAQ:FORA) by 178.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,369 shares of the company’s stock after buying an additional 24,578 shares during the quarter. Citadel Advisors LLC owned 0.12% of Forian worth $86,000 as of its most recent filing with the SEC. 19.25% of the stock is currently owned by institutional investors and hedge funds.

About Forian

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.