Forian (NASDAQ:FORA) Issues Quarterly Earnings Results

Forian (NASDAQ:FORA) announced its quarterly earnings data on Thursday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.13), FiscalAI reports. The business had revenue of $6.85 million for the quarter, compared to analyst estimates of $7.62 million.

Forian Stock Performance

FORA stock traded up $0.01 during mid-day trading on Friday, hitting $2.17. The company had a trading volume of 87,900 shares, compared to its average volume of 27,236. The firm has a market cap of $67.79 million, a PE ratio of -24.11 and a beta of 0.93. Forian has a 12 month low of $1.64 and a 12 month high of $2.71. The stock’s fifty day moving average price is $2.11 and its two-hundred day moving average price is $2.13.

Institutional Trading of Forian

Hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of Forian in the fourth quarter valued at approximately $37,000. Citadel Advisors LLC raised its position in shares of Forian by 178.2% in the third quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock valued at $86,000 after purchasing an additional 24,578 shares during the period. Finally, OpenArc Corporate Advisory LLC bought a new stake in shares of Forian in the fourth quarter valued at approximately $173,000. Institutional investors own 19.25% of the company’s stock.

About Forian

Forian (NASDAQ: FORA) is a global regulatory technology company offering cloud-native software solutions for enterprise risk management and financial crime compliance. The company’s platform enables financial institutions to automate and streamline regulatory reporting, transaction surveillance, market risk measurement and client onboarding processes. By consolidating data across multiple asset classes and jurisdictions, Forian helps organizations maintain compliance with evolving regulatory frameworks such as MiFID II, EMIR, Dodd-Frank, FATCA and local AML/KYC requirements.

Founded in 2013 as RegTek Solutions, the business rebranded to Forian in 2023 following a period of strategic expansion into complementary risk and compliance offerings.