Forian (NASDAQ:FORA) Shares Down 0.5% – Should You Sell?

Forian Inc. (NASDAQ:FORA) was down 0.5% on Wednesday . The stock traded as low as $2.04 and last traded at $2.04. Approximately 4,402 shares traded hands during trading, a decline of 72% from the average daily volume of 15,895 shares. The stock had previously closed at $2.05.

Forian Stock Down 0.5 %

The company has a fifty day simple moving average of $2.23 and a 200-day simple moving average of $2.48. The firm has a market cap of $63.47 million, a P/E ratio of 40.80 and a beta of 1.09.

Forian (NASDAQ:FORA) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). The company had revenue of $4.78 million during the quarter, compared to the consensus estimate of $5.26 million. During the same period in the previous year, the business posted ($0.03) EPS.

Institutional Trading of Forian

A hedge fund recently bought a new stake in Forian stock. Elser Financial Planning Inc purchased a new position in Forian Inc. (NASDAQ:FORA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 711,406 shares of the company’s stock, valued at approximately $1,885,000. Forian accounts for approximately 0.3% of Elser Financial Planning Inc’s investment portfolio, making the stock its 26th biggest holding. Elser Financial Planning Inc owned approximately 2.28% of Forian as of its most recent SEC filing. Hedge funds and other institutional investors own 19.25% of the company’s stock.

Forian Company Profile

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.