Forian Inc. (NASDAQ:FORA – Get Rating) shares traded down 4.8% on Monday . The stock traded as low as $3.35 and last traded at $3.40. 11,185 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 61,689 shares. The stock had previously closed at $3.57.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada decreased their price objective on Forian from $27.00 to $26.00 and set an "outperform" rating for the company in a report on Thursday, August 11th.
Get Forian alerts:Forian Stock Down 4.8 %
The firm has a fifty day moving average of $4.33 and a two-hundred day moving average of $4.39.
Forian (NASDAQ:FORA – Get Rating) last issued its earnings results on Thursday, August 11th. The company reported ($0.17) EPS for the quarter. The business had revenue of $6.53 million during the quarter.Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Staley Capital Advisers Inc. boosted its position in shares of Forian by 993.9% during the 1st quarter. Staley Capital Advisers Inc. now owns 600,000 shares of the company's stock valued at $4,176,000 after acquiring an additional 545,151 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Forian during the 2nd quarter valued at about $846,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Forian by 211.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,816 shares of the company's stock valued at $1,196,000 after acquiring an additional 116,676 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Forian during the 2nd quarter valued at about $217,000. Finally, Canton Hathaway LLC boosted its position in shares of Forian by 47.5% during the 1st quarter. Canton Hathaway LLC now owns 131,901 shares of the company's stock valued at $918,000 after acquiring an additional 42,500 shares during the last quarter.
Forian Company Profile
(Get Rating)
Forian Inc provides software solutions, proprietary data driven insights, and predictive analytics to optimize the operational, clinical, and financial performance of its healthcare, cannabis, and government customers. It operates through three segments: Information & Software, Services, and Other.
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