Forian (NASDAQ:FORA) Trading Up 0.5% – What’s Next?

Shares of Forian Inc. (NASDAQ:FORA) rose 0.5% during trading on Wednesday . The company traded as high as $2.14 and last traded at $2.11. Approximately 7,333 shares traded hands during trading, a decline of 61% from the average daily volume of 18,710 shares. The stock had previously closed at $2.10.

Wall Street Analysts Forecast Growth

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

Forian Price Performance

The stock’s 50-day simple moving average is $2.13 and its two-hundred day simple moving average is $2.12. The firm has a market capitalization of $65.56 million, a P/E 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 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 the consensus estimate of $7.26 million.

Institutional Trading of Forian

Several institutional investors have recently made changes to their positions in the business. Caprock Group LLC bought a new stake in Forian in the third quarter worth $195,000. Citadel Advisors LLC increased 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 buying an additional 24,578 shares during the last quarter. Finally, Portland Global Advisors LLC purchased a new stake in shares of Forian during the 3rd quarter valued at about $56,000. 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.