Forian (FORA) Projected to Post Earnings on Friday

Forian (NASDAQ:FORA) is projected to announce its results before the market opens on Friday, February 13th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.

Forian (NASDAQ:FORA) last released its earnings results on Friday, November 14th. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.01). The firm had revenue of $7.76 million during the quarter, compared to analysts’ expectations of $7.26 million.

Forian Stock Performance

Shares of FORA stock opened at $2.08 on Thursday. The company has a market capitalization of $64.63 million, a price-to-earnings ratio of -24.33 and a beta of 1.03. Forian has a one year low of $1.64 and a one year high of $4.03. The company’s 50-day moving average is $2.11 and its 200 day moving average is $2.13.

Institutional Trading of Forian

A hedge fund recently raised its stake in Forian stock. Citadel Advisors LLC raised its position in shares of Forian Inc. (NASDAQ:FORA) by 178.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,369 shares of the company’s stock after purchasing an additional 24,578 shares during the period. Citadel Advisors LLC owned approximately 0.12% of Forian worth $86,000 at the end of the most recent reporting period. 19.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.