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

Shares of Forian Inc. (NASDAQ:FORA) dropped 0.5% during mid-day trading on Tuesday . The stock traded as low as $2.15 and last traded at $2.15. Approximately 47,035 shares were traded during trading, an increase of 117% from the average daily volume of 21,715 shares. The stock had previously closed at $2.16.

Wall Street Analyst Weigh In

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

Forian Stock Performance

The firm has a market capitalization of $67.41 million, a P/E ratio of -24.00 and a beta of 0.99. The firm has a 50-day moving average of $2.10 and a 200-day moving average of $2.14.

Forian (NASDAQ:FORA) last released its quarterly earnings data on Friday, March 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $7.96 million during the quarter, compared to analyst estimates of $7.70 million.

Hedge Funds Weigh In On Forian

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in Forian in the 4th quarter valued at approximately $37,000. Citadel Advisors LLC lifted its position in Forian by 178.2% in the 3rd quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock valued at $86,000 after acquiring an additional 24,578 shares in the last quarter. Portland Global Advisors LLC bought a new position in Forian in the 3rd quarter valued at approximately $56,000. OpenArc Corporate Advisory LLC bought a new position in Forian in the 4th quarter valued at approximately $173,000. Finally, Caprock Group LLC bought a new position in Forian in the 3rd quarter valued at approximately $195,000. 19.25% of the stock is owned by institutional investors.

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.