Forian (NASDAQ:FORA) Shares Down 1.4% – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Forian Trading Down 1.4%

The firm has a market cap of $63.39 million, a P/E ratio of -24.33 and a beta of 1.02. The company’s 50-day moving average is $2.09 and its two-hundred day moving average is $2.15.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new stake in Forian during the fourth quarter worth $37,000. OpenArc Corporate Advisory LLC bought a new position in Forian during the 4th quarter valued at $173,000. Citadel Advisors LLC boosted its holdings in Forian by 178.2% during the 3rd 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 last quarter. Portland Global Advisors LLC purchased a new position in Forian during the 3rd quarter worth $56,000. Finally, Caprock Group LLC bought a new stake in shares of Forian in the 3rd quarter worth $195,000. Hedge funds and other institutional investors own 19.25% of the company’s stock.

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.