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NEW YORK - Forge Global Holdings, Inc. (NYSE: FRGE), a provider of private market infrastructure and data services, has successfully regained compliance with the New York Stock Exchange’s minimum share price requirement. The NYSE confirmed on May 1, 2025, that Forge’s average closing share price over the preceding 30 trading days met the $1.00 minimum threshold, based on data up to April 30, 2025. The company’s stock, currently trading at $14.16, has shown remarkable momentum with an 11.41% gain over the past week, according to InvestingPro data.
The company’s common stock will maintain its listing on the NYSE, contingent on adherence to other NYSE continued listing standards. This development follows Forge’s efforts to align with Section 802.01C of the NYSE Listed Company Manual, which outlines the criteria for continued listing, including the minimum share price. With a market capitalization of $177.62 million and revenue growth of 13.62% in the last twelve months, the company appears to be slightly undervalued according to InvestingPro’s Fair Value analysis.
The compliance notice from the NYSE is a positive turn for Forge after meeting the average closing share price requirement. The company’s stock will continue trading on the exchange, which is a critical platform for Forge’s visibility and access to capital markets.
Forge’s recent filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K filed on March 6, 2025, detail the risks and uncertainties that could influence the company’s performance and share price. These include market conditions and their potential impact on the trading price of Forge’s common stock. InvestingPro analysis reveals that while the company maintains strong liquidity with a current ratio of 4.74, it faces challenges with cash burn and profitability. Subscribers can access 12 additional ProTips and comprehensive financial metrics in the Pro Research Report.
The news of regaining compliance is based on a press release statement from Forge Global Holdings, Inc. Forge has made no further commitments regarding its future plans or intentions related to the NYSE continued listing requirements beyond this announcement. Investors and stakeholders are encouraged to consult the company’s SEC filings and InvestingPro’s detailed analysis for a comprehensive understanding of its financial position and the risks it faces.
In other recent news, Forge Global Holdings, Inc. announced its preliminary financial results for the first quarter of 2025, revealing estimated total revenues less transaction-based expenses between $24.9 million and $25.1 million, marking the company’s highest revenue quarter since going public. This exceeded JMP analysts’ projections by $6.1 million and surpassed the median consensus by $3.7 million. Forge Global is also considering a merger with Accuidity Capital Management, a move that could expand its asset management offerings. The proposed deal includes a $10 million cash payment and 1.15 million shares of Forge common stock, contingent on specific milestones through 2027.
In analyst updates, JMP maintained a Market Outperform rating with a $4.00 target, while UBS adjusted its price target to $2.00 but upheld a Buy rating. UBS highlighted Forge Global’s potential despite market uncertainties. Additionally, Forge Global announced a 1-for-15 reverse stock split to comply with the NYSE’s minimum bid price requirement, effective April 15, 2025. In executive news, Jennifer Phillips, Chief Revenue and Growth Officer, will leave the company by June 2025 but will remain in a consulting role through December. These developments reflect Forge Global’s strategic maneuvers and financial performance amid evolving market conditions.
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