How to Buy Forian Stock
Forian Inc
Forian Inc. provides software solutions, proprietary data driven insights, and predictive analytics to optimize the operational, clinical, and financial performance of its healthcare, cannabis, and government customers.
Forian stock last closed at $2.58, down 2.64% from the previous day, and has decreased 12.84% in one year. It has overperformed other stocks in the Health Information Services industry by 0.15 percentage points. Forian stock is currently +39.76% from its 52-week low of $1.85, and -37.83% from its 52-week high of $4.15.
As of Apr 22, 2024, there are 31.13M FORA shares outstanding. The market cap of FORA is $80.32M. In the past 24 hours, 34,021 FORA shares were traded.
How to Buy Forian Stock
Wondering how to invest in Forian stock? Here's how.
- Figure out where to buy Forian stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Forian stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your payment method and add your information.
- Evaluate Forian stock: The Forian ticker symbol is FORA. Is Forian stock a good investment? Should you buy shares of FORA? How do FORA's underlying business fundamentals look? Do top analysts think Forian is a good buy? Why has FORA's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if FORA is a good stock to buy).
- Make your FORA purchase: Decide if you will purchase FORA shares at the current market price or use a limit order to purchase FORA shares at a given price.
- Get notifications regarding your FORA investment: Create a watchlist to keep tabs on your new investment in Forian shares.
Step 1: Figure out where to buy Forian stock
You need a brokerage account to access the NASDAQ market and buy FORA stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal details so you can buy FORA today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've opened your account on stock market apps, your next step is to transfer the money for your investment:
Check out the video below for more details transferring funds into your new brokerage account.
Step 4: Evaluate Forian stock
After you have selected the best place to buy Forian stock, it's crucial to analyze their stock before you invest, so you actually wrap your head around the risk and opportunity.
Forian Numbers
Forian Due Diligence Checks
WallStreetZen was built to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on FORA's stock page.
Is FORA stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge FORA's fair value.
Using relative valuations ratios:
- FORA may be undervalued based on its P/E ratio of 7.59x, relative to Health Information Services industry P/E ratio of 73.71x
- FORA may be undervalued based on its P/B ratio of 3.07x, relative to Health Information Services industry P/B ratio of 3.36x
You can do more valuation analysis on FORA's stock here.
FORA Financial Health Summary
Positive Health Checks:
- FORA earnings of $12.03M is not sufficient to cover its interest payments.
- FORA profit margin has gone up from -158.2% to 54.2% in the past year.
- There are more short-term assets than short-term liabilities on the FORA balance sheet.
- There are more short-term assets than long-term liabilities on the FORA balance sheet.
Negative Health Checks:
- FORA's operating cash flow of $728.82k allows it to safely service it's debt of $24.88M.
- FORA has a relatively high debt to equity ratio of 1.25.
- Total FORA debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Forian stock, according to Wall Street analysts?
Out of 1 sell side analysts who monitor FORA, the consensus analyst rating on Forian is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Forian stock forecast page.
FORA Momentum
FORA Growth Numbers
Last year, FORA revenue was $20.48M. In the past 5 year, FORA's revenue has grown by 30.95% per year. This was faster than the Health Information Services industry average of 19.89%.
You can research FORA's earnings and revenue performance here.
Who is buying/selling FORA?
Over the past year, executives and large shareholders at FORA have bought more shares than they have sold.
Edward Francis Spaniel Jr., EVP Gen Counsel Secretary of FORA, was the latest FORA insider to sell. They sold $22,804.19 worth of FORA stock on Mar 5, 2024.
Get more info about who owns FORA shares here.
Can I get consistent income from FORA stock?
No, Forian doesn't provide an income stream by paying out dividends.
What others are saying about FORA
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your FORA purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, use a limit order.
Click the Open Trade button and your broker will execute your order.
If you need additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your FORA investment
Now that you own some shares in FORA, you'll want to stay up-to-date on your new investment.
Make a watchlist to keep tabs on your FORA stock.
FORA Feed
How to Buy Stock in Forian
To summarize, here are the 6 steps for buying Forian stock:
- Figure out where to buy Forian stock
- Create your brokerage account
- Fund your investment account
- Evaluate Forian stock
- Make your FORA purchase
- Get notifications regarding your FORA investment
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Forian, click below.
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