Forian Inc Stock Price on September 30, 2023
| FORA Stock | USD 2.02 0.14 6.48% |
If you're considering investing in Forian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Forian stands at 2.02, as last reported on the 26th of November, with the highest price reaching 2.14 and the lowest price hitting 2.02 during the day. Forian Inc secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. Forian Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forian's Standard Deviation of 1.74, variance of 3.03, and Mean Deviation of 1.19 to check the risk estimate we provide.
The current year's Common Stock Shares Outstanding is expected to grow to about 34.3 M, whereas Total Stockholder Equity is forecasted to decline to about 16.4 M. . At present, Forian's Price Earnings Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 3.76, whereas Price To Sales Ratio is forecasted to decline to 4.35. Forian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Forian |
Sharpe Ratio = -0.1721
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FORA |
Estimated Market Risk
| 1.74 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.3 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Forian is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Forian by adding Forian to a well-diversified portfolio.
Price Book 2.3296 | Enterprise Value Ebitda 20.052 | Price Sales 3.0755 | Shares Float 15.6 M | Wall Street Target Price 5 |
Forian Valuation on September 30, 2023
It is possible to determine the worth of Forian on a given historical date. On September 30, 2023 Forian was worth 2.24 at the beginning of the trading date compared to the closed value of 2.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Forian stock. Still, in general, we apply an absolute valuation method to find Forian's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Forian where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Forian's related companies.
| Open | High | Low | Close | Volume | |
| 2.25 | 2.35 | 2.25 | 2.26 | 1,300 | |
09/29/2023 | 2.24 | 2.31 | 2.22 | 2.23 | 4,300 |
| 2.22 | 2.30 | 2.20 | 2.30 | 11,300 |
| Backtest Forian | | | Forian History | | | Forian Valuation | Previous | Next |
Forian Trading Date Momentum on September 30, 2023
| On October 02 2023 Forian Inc was traded for 2.30 at the closing time. The top price for the day was 2.30 and the lowest listed price was 2.20 . The trading volume for the day was 11.3 K. The trading history from October 2, 2023 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 3.14% . The overall trading delta against the current closing price is 13.90% . |
Forian Inc Fundamentals Correlations and Trends
By evaluating Forian's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Forian's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Forian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Forian Stock history
Forian investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Forian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Forian Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Forian stock prices may prove useful in developing a viable investing in Forian
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 32.2 M | 34.3 M | |
| Net Loss | -23.4 M | -24.5 M |
Forian Quarterly Net Working Capital |
|
Forian Stock Technical Analysis
Forian technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Forian Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Forian Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Forian November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Forian stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Forian shares will generate the highest return on investment. By undertsting and applying Forian stock market strength indicators, traders can identify Forian Inc entry and exit signals to maximize returns
Forian Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Forian's price direction in advance. Along with the technical and fundamental analysis of Forian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Forian to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 1.74 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Forian Stock analysis
When running Forian's price analysis, check to measure Forian's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forian is operating at the current time. Most of Forian's value examination focuses on studying past and present price action to predict the probability of Forian's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forian's price. Additionally, you may evaluate how the addition of Forian to your portfolios can decrease your overall portfolio volatility.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |