Forian (NASDAQ:FORA) Shares Up 1% – Here’s What Happened

Forian Inc. (NASDAQ:FORA) shot up 1% during trading on Tuesday . The stock traded as high as $2.06 and last traded at $2.05. 4,898 shares were traded during trading, a decline of 56% from the average session volume of 11,125 shares. The stock had previously closed at $2.03.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reaffirmed a “buy” rating and set a $5.00 price target on shares of Forian in a research note on Thursday, November 14th.

Forian Price Performance

The company has a market capitalization of $63.58 million, a price-to-earnings ratio of -22.78 and a beta of 1.05. The firm’s 50-day simple moving average is $2.05 and its two-hundred day simple moving average is $2.26.

Institutional Trading of Forian

An institutional investor recently bought a new position in Forian stock. Caprock Group LLC bought a new stake in Forian Inc. (NASDAQ:FORA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 86,784 shares of the company’s stock, valued at approximately $230,000. Caprock Group LLC owned approximately 0.28% of Forian as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 19.25% of the company’s stock.

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.