Technicals Say Franklin Street Properties Corp. (FSP) Is Worth Holding


As of Friday close, Franklin Street Properties Corp.’s (AMEX:FSP) stock was down -$0.12, moving down -6.45 percent to $1.74. The average number of shares traded per day over the past five days has been 7,863,979 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.2700 fall in that time frame. In the last twenty days, the average volume was 3,216,115, while in the previous 50 days, it was 1,573,190.

Since last month, FSP stock retreated -40.00%. Shares of the company fell to $1.7400 on 03/17/23, the lowest level in the past month. A 52-week high of $6.01 was reached on 02/02/23 after having rallying from a 52-week low of $1.77. Since the beginning of this year, FSP’s stock price has dropped by -36.26% or -$0.9900, and marked a new high 7 times. However, the stock has declined by -71.05% since its 52-week high.

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FSP stock investors should be aware that Franklin Street Properties Corp. (FSP) stock had its last reported insider trading activity 9 days ago on Mar 09. HANSEN BRIAN N, the Director of the company, purchased of 100,000 shares for $2.08 on Mar 09. It resulted in a $207,500 investment by the insider. MCGILLICUDDY DENNIS J added 25,000 shares at an average price of $2.13 on Mar 08. The insider now owns 3,446,136 shares following the transaction. On Mar 07, Director MCGILLICUDDY DENNIS J bought 150,000 shares at $2.18 apiece. The transaction was valued at $327,000.

Valuation Metrics

Right now, Franklin Street Properties Corp. (FSP) has a P/E ratio of about 158.18. The stock’s beta is 0.91. Besides these, the trailing price-to-sales (P/S) ratio of 1.10, the price-to-book (PB) ratio of 0.23.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.54. On the profitability front, the trailing twelve-month gross margin is 47.20% percent. In the year ended December 30, operating margins totaled 0.80%. Based on annual data, FSP earned -$22.33 million in gross profit and brought in $165.62 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.10%. Return on equity (ROE) for the past 12 months was 0.10%.

In Franklin Street Properties Corp.’s quarter-end financial report for December 30, it reported total debt of $473.63 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FSP’s revenue fell -5.24% to $40.84 million during the quarter, while net income inched up to $41.21 million. While analysts expected Franklin Street Properties Corp. to report -$0.07 quarterly earnings, the actual figure was -$0.03 per share, beating the consensus estimate by 57.10%. During the quarter, the company generated $10.87 million in EBITDA. The value of shareholders’ equity is $103.24 million.

Technical Picture

This quick technical analysis looks at Franklin Street Properties Corp.’s (FSP) price momentum. With a historical volatility rate of 37.93%, the RSI 9-day stood at 9.45% on 17 March.

With respect to its five-day moving average, the current Franklin Street Properties Corp. price is down by -13.43% percent or -$0.2700. At present, FSP shares trade -37.63% below its 20-day simple moving average and -27.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately -38.08% below its SMA50 and -61.50% below its SMA200.

Stochastic coefficient K was 10.24% and Stochastic coefficient D was 9.30%, while ATR was 0.1530. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 14.66%. As of today, the MACD Oscillator reading stands at -0.1200, while the 14-day reading stands at -0.2733.

Analyst Ratings

Franklin Street Properties Corp. downgraded its rating on Franklin Street Properties Corp. (AMEX: FSP) to a Neutral in a note to investors on January 07, 2020. The analysts firm previously had an Outperform rating on the stock.


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