A Technical View of the Falcon Minerals Corporation (FLMN)

Falcon Minerals Corporation (NASDAQ:FLMN) saw an upside of 6.81% to close Friday at $5.02 after adding $0.32 on the day. The 5-day average trading volume is 534,060 shares of the company’s common stock. It has gained $5.06 in the past week and touched a new high 3 times within the past 5 days. An average of 429,010 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 331,154.

FLMN’s 1-month performance is 13.32% or $0.59 on its low of $4.27 reached on 09/20/21. The company’s shares have touched a 52-week low of $1.82 and high of $5.39, with the stock’s rally to the 52-week high happening on 06/14/21. YTD, FLMN has achieved 59.37% or $1.87 and has reached a new high 17 times. However, the current price is down -6.86%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 86.67 and a low of 4.326. FLMN stock has a beta of 1.74. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.83 while the price-to-book (PB) in the most recent quarter is 1.74.

Falcon Minerals Corporation pays an annual dividend of $0.60 per share. Its dividend yield is 11.95% and the payout ratio is 118.70%. FLMN’s most recent quarterly dividend payment was made on Sep. 8, when it paid $0.15 a share compared with prior rate of $0.10, up 33.33% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.05 reported on Wednesday August 4 2021.

It is projected that Falcon Minerals Corporation’s next ex-dividend date will be on 23-Nov. FLMN is expected to distribute $0.15 as its next dividend.

Falcon Minerals Corporation’s quick ratio for the period ended June 29 was 1.70, with the current ratio over the same period at 1.70 meaning that FLMN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.27, while the total debt to equity was 0.27. In terms of profitability, the gross margin trailing 12 months is 93.20%The trailing 12-month EBITDA margin is 59.58% while for the period ending June 29; Falcon Minerals Corporation’s operating margin was 34.30%. The firm’s gross profit as reported stood at $36.07 million against revenue of $38.88 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Falcon Minerals Corporation’s return on assets over the past 12 months stands at 3.80%. Return on investment over the past year is 4.10%, while its return on equity (ROE) trailing 12 months is 7.90%. In comparison, the average ROE for the broader industry over the past year is 1.01.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 62.13% to $16.16 million, while revenue of $12.5 million was 22.65% off the previous quarter. Analysts expected FLMN to announce $0.09 per share in earnings in its latest quarter, but it posted $0.07, representing a -22.20% surprise. EBITDA for the quarter stood at more than $12.53 million. FLMN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 50.56 million, with total debt at $37.69 million. Shareholders hold equity totaling $86.3 million

Technical Picture

Let’s look briefly at Falcon Minerals Corporation (FLMN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 70.45% to suggest the stock is trending Overbought, with historical volatility in this time period at 37.31%.

The stock’s 5-day moving average is $4.84, reflecting a +7.04% or $0.33 change from its current price. FLMN is currently trading +12.30% above its 20-day SMA, +1.62% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +2.24% and +63.52% respectively.

Stochastic %K and %D was 77.72% and 77.84% and the average true range (ATR) pointed at 0.19. The RSI (14) points at 65.72%, while the 14-day stochastic is at 94.94% with the period’s ATR at 0.18. The stock’s 9-day MACD Oscillator is pointing at 0.13 and 0.21 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Falcon Minerals Corporation (NASDAQ: FLMN), Piper Sandler launched coverage with a Neutral rating. Analysts offering their rating for FLMN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate FLMN as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.

What is FLMN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $5.00 and a high of $11.00, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for Falcon Minerals Corporation (FLMN) stock is $6.76.

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