Forian (NASDAQ:FORA) Issues Earnings Results

Forian (NASDAQ:FORA) released its quarterly earnings results on Friday. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.01), FiscalAI reports. The business had revenue of $7.76 million for the quarter, compared to analysts’ expectations of $7.26 million.

Forian Stock Down 0.5%

NASDAQ:FORA traded down $0.01 on Friday, hitting $2.14. The stock had a trading volume of 74,494 shares, compared to its average volume of 58,839. The company has a market cap of $66.58 million, a PE ratio of -24.33 and a beta of 1.03. Forian has a 52 week low of $1.64 and a 52 week high of $4.03. The business’s fifty day moving average is $2.23 and its 200 day moving average is $2.09.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Forian in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

About Forian

Forian Inc provides a suite of data management capabilities, and information and analytics solutions to optimize and measure operational, clinical, and financial performance for customers in the healthcare and related industries. It develops commercial, real world evidence (RWE), and market access solutions and proprietary data-driven insights, as well as offers data management solutions.