5 times Within The Past Five Days, Focus Financial Partners Inc. (FOCS) Hit A New High

Focus Financial Partners Inc. (NASDAQ:FOCS) finished Friday with a subtraction of -$0.28 to close at $61.48, a downside of -0.45 percent. An average of 371,300 shares of common stock have been traded in the last five days. There was a gain of $3.07 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 430,490 shares traded, while the 50-day average volume stands at 384,868.

FOCS stock has increased by 19.03% in the last month. The company shares reached their 1-month lowest point of $49.42 on 09/23/21. With the stock rallying to its 52-week high on 10/22/21, shares of the company touched a low of $35.56 and a high of $61.92 in 52 weeks. It has reached a new high 26 times so far this year and achieved 41.33% or $17.98 in price. In spite of this, the price is down -0.71% from the 52-week high.

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Insider Transactions

122 days have passed since Focus Financial Partners Inc. (FOCS) last reported insider trading activity. KKR Group Partnership L.P., who is 10% Owner, most recently acquired $7,144,244 shares at $49.87 per share on Jun 23. In this transaction, the insider spent $356,283,448. 10% Owner, KKR Freya Aggregator L.P., disposed of 7,144,244 shares at a price of $49.87 on Jun 23. The insider now owns more than $356,283,448 worth of shares. Prior to that, 10% Owner KKR Freya Aggregator L.P. went on to Sale 304,141 shares at $46.20 each on Mar 16. An amount of $14,051,314 was transacted.

Valuation Metrics

Focus Financial Partners Inc. (FOCS) has a trailing price-to-earnings (P/E) ratio of 426.94, which compares with the 25.70 for the broader industry and 13.15 for the sector. In the last five years, Focus Financial Partners Inc.’s PE ratio has ranged between 426.34 and 73.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.94, the price-to-book (PB) ratio at 5.12, and the price-to-cash flow ratio at 18.20.

Further, the company has a long term debt to equity ratio of 2.42 and a total debt to equity ratio of 2.42 for the quarter ending June 29. Its gross profit as reported stood at $119.83 million compared to revenue of $1.36 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Focus Financial Partners Inc.’s return on assets was 0.20%. For the broader industry, ROE averaged 13.50 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Focus Financial Partners Inc. had $1.62 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.98 million in the quarter, while revenues were shrunk -21.72%. The analyst consensus anticipated Focus Financial Partners Inc.’s latest quarter earnings to come in at $0.95 per share, but it turned out to be $0.98, a 3.20% surprise. For the quarter, EBITDA amounted to $67.93 million. At the end of the quarter ending June 29, Focus Financial Partners Inc.’s stock balance sheet showed total debt was $1.88 billion. Shareholders own equity worth $72.49 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Focus Financial Partners Inc. (FOCS) price momentum. RSI 9-day as of the close on 22 October was 78.94%, suggesting the stock is Overbought, with historical volatility in this time frame at 16.68%.

As of today, FOCS’s price is $60.71 +5.26% or $3.07 from its 5-day moving average. FOCS is currently trading +18.50% higher than its 20-day SMA and +17.64% higher than its 100-day SMA. However, the stock’s current price level is +22.98% above the SMA50 and +31.76% above the SMA200.

The stochastic %K and %D were 95.63% and 95.75%, respectively, and the average true range (ATR) was 1.61. With the 14-day stochastic at 93.26% and the average true range at 1.63, the RSI (14) stands at 75.41%. The stock has reached 1.59 on the 9-day MACD Oscillator while the 14-day reading was at 2.66.

Analyst Ratings

Goldman upgraded Focus Financial Partners Inc. (NASDAQ: FOCS) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Focus Financial Partners Inc. (FOCS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FOCS, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.

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

Analysts predict a range of price targets between $63.00 and $70.00, with a median target of $65.00. Taking a look at these predictions, the average price target given by analysts for Focus Financial Partners Inc. (FOCS) stock is $65.50.


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