Forian Inc.

Forian Inc. Stock Forecast & Price Prediction

Live Forian Inc. Stock (FORA) Price
$2.01

1

Ratings

  • Buy 1
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$2.01

P/E Ratio

68.00

Volume Traded Today

$3,200

Dividend

Dividends not available for FORA

52 Week High/low

4.15/1.97

Forian Inc. Market Cap

$65.1M

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FORA Summary

Based on ratings from 1 stock analysts, the Forian Inc. stock price is expected to increase by 148.76% in 12 months. This is calculated by using the average 12-month stock price forecast for Forian Inc.. The lowest target is $5 and the highest is $5. Please note analyst price targets are not guaranteed and could be missed completely.

FORA Analyst Ratings

About 1 Wall Street analysts have assignedFORA 1 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Forian Inc. to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on FORA. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

FORA stock forecast by analyst

These are the latest 20 analyst ratings of FORA.

Analyst/Firm

Rating

Price Target

Change

Date

Richard Baldry
Roth MKM

Buy

$5

Reiterates

Nov 14, 2024
Richard Baldry
Roth MKM

Buy

$5

Reiterates

Apr 4, 2024
Richard Baldry
Roth MKM

Buy

$5

Initiates

Dec 20, 2023
Eric Martinuzzi
Lake Street

Buy

$5

Maintains

Aug 11, 2023
Drew McReynolds
RBC Capital

Outperform

$17

Maintains

Nov 10, 2022
Eric Martinuzzi
Lake Street

Buy

$9

Initiates

Apr 8, 2022

FORA Company Information

What They Do: Provides data management and analytics solutions.

Business Model: The company operates on a subscription and services-based model, offering a suite of data management capabilities and analytics solutions tailored for the healthcare sector, including life sciences, pharma services, and healthcare payers and providers. By delivering proprietary data-driven insights and real-world evidence solutions, it generates revenue through ongoing subscriptions and consulting services.

Other Information: Founded in 2020 and headquartered in Newtown, Pennsylvania, Forian Inc. focuses on optimizing operational, clinical, and financial performance for its customers. Its innovative approach positions it well within the growing demand for data analytics in healthcare.
FORA
Forian Inc. (FORA)

When did it IPO

2020

Staff Count

36

Country

United States

Sector/Industry

Healthcare/Health Information Services

CEO

Mr. Max C. Wygod

Market Cap

$65.1M

Forian Inc. (FORA) Financial Data

In 2023, FORA generated $20.5M in revenue, which was a increase of 24.75% from the previous year. This can be seen as a signal that FORA's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$544,871

Revenue From 2021

$16.9M

2,997.93 %
From Previous Year

Revenue From 2022

$16.4M

-2.73 %
From Previous Year

Revenue From 2023

$20.5M

24.75 %
From Previous Year
  • Revenue TTM $20.4M
  • Operating Margin TTM -42.5%
  • Gross profit TTM $15.0M
  • Return on assets TTM -6.3%
  • Return on equity TTM 5.6%
  • Profit Margin 9.6%
  • Book Value Per Share 0.85%
  • Market capitalisation $65.1M
  • Revenue for 2021 $16.9M
  • Revenue for 2022 $16.4M
  • Revenue for 2023 $20.5M
  • EPS this year (TTM) $-0.15

Forian Inc. (FORA) Latest News

News Image

Wed, 13 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Forian Inc. (NASDAQ: FORA) will hold its Q3 2024 earnings conference call on November 13, 2024, at 4:30 PM ET, featuring CEO Max Wygod and CFO Michael Vesey.

Why It Matters - Forian Inc.'s Q3 2024 earnings call could reveal financial performance and strategic insights, impacting stock valuation and investor sentiment. Key executives' comments may influence market expectations.

News Image

Wed, 13 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Forian Inc. (Nasdaq: FORA) reported its quarterly results for Q3 2024, ending September 30. Further financial details were not provided in the excerpt.

Why It Matters - Forian Inc.'s quarterly results can influence investor sentiment, impacting stock performance and valuations within the data analytics sector, particularly in life sciences and healthcare.

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - VerticalScope Holdings Inc. (TSX: FORA; OTCQX: VFORF) reported strong Q3 results for the period ending September 30, 2024, with positive momentum heading into the year's strongest seasonal period.

Why It Matters - VerticalScope's strong Q3 results and positive outlook signal growth potential and seasonal momentum, which could enhance investor confidence and drive stock performance.

News Image

Wed, 13 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Forian Inc. (FORA) reported quarterly earnings of $0.03 per share, exceeding the Zacks Consensus Estimate of $0.01 and matching earnings from the previous year.

Why It Matters - Forian Inc.'s earnings beat expectations, indicating strong performance and potential growth, which can positively influence investor sentiment and stock price.

News Image

Fri, 08 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Forian Inc. (Nasdaq: FORA) executives Max Wygod and Mike Vesey will attend ROTH MKM's 13th annual Technology Event on November 19-20, 2024, in New York City.

Why It Matters - Forian Inc.'s participation in a prominent technology event signals potential growth opportunities and investor interest, impacting its stock performance and market perception.

News Image

Tue, 05 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Forian Inc. (Nasdaq: FORA) will release its Q3 2024 financial results on November 13, 2024, after market close, followed by a conference call at 4:30 p.m. ET.

Why It Matters - Forian Inc.'s upcoming Q3 financial results announcement may impact stock prices, reflecting company performance and market expectations in the healthcare data analytics sector.

...

FORA Frequently asked questions

The highest forecasted price for FORA is $5 from Eric Martinuzzi at Lake Street.

The lowest forecasted price for FORA is $5 from Eric Martinuzzi from Lake Street

The FORA analyst ratings consensus are 1 buy ratings, 0 hold ratings, and 0 sell ratings.