Forian (NASDAQ:FORA) Stock Price Up 1% – Time to Buy?

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

Wall Street Analysts Forecast Growth

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

Forian Stock Up 1.0 %

The company has a market capitalization of $63.58 million, a P/E ratio of -22.78 and a beta of 1.05. The firm’s 50-day moving average price is $2.05 and its 200 day moving average price is $2.26.

Institutional Trading of Forian

A hedge fund recently bought a new stake in Forian stock. Caprock Group LLC bought a new stake in shares of Forian Inc. (NASDAQ:FORA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 86,784 shares of the company’s stock, valued at approximately $230,000. Caprock Group LLC owned about 0.28% of Forian at the end of the most recent reporting period. 19.25% of the stock is owned by institutional investors and hedge funds.

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.