Forian (NASDAQ:FORA) Trading Down 1.4% – Here’s Why

Forian Inc. (NASDAQ:FORA)’s share price traded down 1.4% during mid-day trading on Tuesday . The company traded as low as $2.04 and last traded at $2.04. 4,708 shares were traded during mid-day trading, a decline of 76% from the average session volume of 19,759 shares. The stock had previously closed at $2.07.

Analysts Set New Price Targets

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

Forian Price Performance

The firm has a 50-day moving average of $2.09 and a 200 day moving average of $2.15. The company has a market capitalization of $63.39 million, a PE ratio of -24.33 and a beta of 1.02.

Institutional Trading of Forian

Large investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in Forian in the fourth quarter worth approximately $37,000. Citadel Advisors LLC grew its holdings in shares of Forian by 178.2% in the third quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock worth $86,000 after acquiring an additional 24,578 shares during the period. Portland Global Advisors LLC purchased a new stake in Forian during the third quarter valued at $56,000. OpenArc Corporate Advisory LLC bought a new position in Forian in the fourth quarter valued at about $173,000. Finally, Caprock Group LLC purchased a new position in Forian in the third quarter worth about $195,000. 19.25% of the stock is currently owned by institutional investors.

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.