Forian Inc. (FORA)Healthcare | Health Information Services | Newtown, United States | NasdaqCM
2.15 USD
-0.01
(-0.463%) ⇩
(April 17, 2026, 4 p.m.
EDT)
After hours: 2.16 +0.02 (0.699%) ⇧ (April 17, 2026, 4:04 p.m. EDT) Short-term: ★☆☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 19, 2026, 12:58 a.m. EDT
SELL. The instrument is in terminal conditions due to a pending $2.17/share cash merger (buyout). The current price of ~$2.15 is within pennies of the exit price, meaning 99% of the remaining equity value last month has already been priced in. The options flow confirms this: traders are hedging short positions heavily but ignoring any chance of upside. Further price appreciation is mathematically redundant as the buyout will cap gains at ~$0.02 above the 52-week low. The only trade is to sell now or hold for the buyout completion, which offers no alpha. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.008945 |
| MSTL | 0.012638 |
| AutoETS | 0.013147 |
| AutoARIMA | 0.014277 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 22% |
| H-stat | 11.70 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.004 |
| Excess Kurtosis | 1.39 |
| Attribute | Value |
|---|---|
| Sector | Healthcare |
| Debt to Equity Ratio | 0.041 |
| Revenue per Share | 0.973 |
| Market Cap | 67,169,784 |
| Forward P/E | 23.89 |
| Beta | 0.99 |
| Profit Margins | -9.50% |
| Website | https://forian.com |
As of April 19, 2026, 12:58 a.m. EDT: Speculatory positioning is overwhelmingly bearish. At-the-money implied volatility for May and June options is depressed/absurdly low (0.45% Ter), suggesting a consensus view that price remains flat or drops significantly until maturity. Conversely, ITM put open interest is substantial and accumulating across June (128 contracts) and September (80 contracts), while call activity is nearly nil. This indicates speculators are buying downside protection and selling explosive upside.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.13756609 |
| Address1 | 41 University Drive |
| Address2 | Suite 400 |
| All Time High | 45.0 |
| All Time Low | 1.64 |
| Ask | 2.76 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 40,260 |
| Average Daily Volume3 Month | 21,559 |
| Average Volume | 21,559 |
| Average Volume10Days | 40,260 |
| Beta | 0.99 |
| Bid | 2.15 |
| Bid Size | 2 |
| Book Value | 0.958 |
| City | Newtown |
| Compensation As Of Epoch Date | 1,735,603,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 2.15 |
| Current Ratio | 2.965 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 2.16 |
| Day Low | 2.145 |
| Debt To Equity | 0.041 |
| Display Name | Forian |
| Earnings Call Timestamp End | 1,763,155,800 |
| Earnings Call Timestamp Start | 1,763,155,800 |
| Earnings Timestamp End | 1,778,702,400 |
| Earnings Timestamp Start | 1,778,702,400 |
| Ebitda | -3,550,385 |
| Ebitda Margins | -0.11734 |
| Enterprise To Ebitda | -10.016 |
| Enterprise To Revenue | 1.175 |
| Enterprise Value | 35,559,964 |
| Eps Current Year | 0.09 |
| Eps Forward | 0.09 |
| Eps Trailing Twelve Months | -0.09 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 2.08978 |
| Fifty Day Average Change | 0.060220003 |
| Fifty Day Average Change Percent | 0.02881643 |
| Fifty Two Week Change Percent | 13.756609 |
| Fifty Two Week High | 2.71 |
| Fifty Two Week High Change | -0.55999994 |
| Fifty Two Week High Change Percent | -0.20664205 |
| Fifty Two Week Low | 1.64 |
| Fifty Two Week Low Change | 0.5100001 |
| Fifty Two Week Low Change Percent | 0.31097567 |
| Fifty Two Week Range | 1.64 - 2.71 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,614,781,800,000 |
| Float Shares | 11,543,805 |
| Forward Eps | 0.09 |
| Forward P E | 23.88889 |
| Free Cashflow | 3,901,259 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 50 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.53211 |
| Gross Profits | 16,100,079 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.48867 |
| Held Percent Institutions | 0.14226 |
| Implied Shares Outstanding | 31,241,760 |
| Industry | Health Information Services |
| Industry Disp | Health Information Services |
| Industry Key | health-information-services |
| Ipo Expected Date | 2,021-03-03 |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,614,729,600 |
| Last Split Factor | 1:20 |
| Long Business Summary | 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 life science, healthcare, and financial services industries. It develops commercial, real world evidence (RWE), and market access solutions and proprietary data-driven insights, as well as offers data management solutions. The company's subscription and services-based solutions cover the life sciences, pharmaceutical services, healthcare payer, and provider and financial services industries. Forian Inc. was founded in 2020 and is headquartered in Newtown, Pennsylvania. |
| Long Name | Forian Inc. |
| Market | us_market |
| Market Cap | 67,169,784 |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_654521281 |
| Most Recent Quarter | 1,767,139,200 |
| Net Income To Common | -2,874,042 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 67,169,784 |
| Number Of Analyst Opinions | 1 |
| Open | 2.1501 |
| Operating Cashflow | 2,886,473 |
| Operating Margins | -0.24437 |
| Payout Ratio | 0.0 |
| Peg Ratio | 0.85 |
| Phone | 267 225 6263 |
| Post Market Change | 0.015000105 |
| Post Market Change Percent | 0.6993056 |
| Post Market Price | 2.16 |
| Post Market Time | 1,776,456,241 |
| Previous Close | 2.16 |
| Price Eps Current Year | 23.88889 |
| Price Hint | 4 |
| Price To Book | 2.2442589 |
| Price To Sales Trailing12 Months | 2.219981 |
| Profit Margins | -0.09498999 |
| Quick Ratio | 2.781 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.00999999 |
| Regular Market Change Percent | -0.4629625 |
| Regular Market Day High | 2.16 |
| Regular Market Day Low | 2.145 |
| Regular Market Day Range | 2.145 - 2.16 |
| Regular Market Open | 2.1501 |
| Regular Market Previous Close | 2.16 |
| Regular Market Price | 2.15 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 34,821 |
| Return On Assets | -0.05145 |
| Return On Equity | -0.09607001 |
| Revenue Growth | 0.37 |
| Revenue Per Share | 0.973 |
| Sand P52 Week Change | 0.38150132 |
| Sector | Healthcare |
| Sector Disp | Healthcare |
| Sector Key | healthcare |
| Shares Outstanding | 31,241,760 |
| Shares Percent Shares Out | 0.002 |
| Shares Short | 61,144 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 69,214 |
| Short Name | Forian Inc. |
| Short Percent Of Float | 0.0036000002 |
| Short Ratio | 3.74 |
| Source Interval | 15 |
| State | PA |
| Symbol | FORA |
| Target High Price | 2.1 |
| Target Low Price | 2.1 |
| Target Mean Price | 2.1 |
| Target Median Price | 2.1 |
| Total Cash | 31,550,988 |
| Total Cash Per Share | 1.011 |
| Total Debt | 12,137 |
| Total Revenue | 30,256,920 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.09 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 2.108015 |
| Two Hundred Day Average Change | 0.041985035 |
| Two Hundred Day Average Change Percent | 0.019916857 |
| Type Disp | Equity |
| Volume | 34,821 |
| Website | https://forian.com |
| Zip | 18,940 |