As of Friday close, First Foundation Inc.’s (NASDAQ:FFWM) stock was down -$1.09, moving down -12.54 percent to $7.60. The average number of shares traded per day over the past five days has been 3,042,660 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.98 fall in that time frame. In the last twenty days, the average volume was 1,063,975, while in the previous 50 days, it was 674,942.
Since last month, FFWM stock retreated -51.81%. Shares of the company fell to $7.32 on 03/17/23, the lowest level in the past month. A 52-week high of $26.18 was reached on 02/02/23 after having rallying from a 52-week low of $7.53. Since the beginning of this year, FFWM’s stock price has dropped by -46.96% or -$6.73, and marked a new high 9 times. However, the stock has declined by -70.97% since its 52-week high.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
FFWM stock investors should be aware that First Foundation Inc. (FFWM) stock had its last reported insider trading activity 3 days ago on Mar 15. HAKOPIAN JOHN, the President, FFA of the company, disposed of 29,857 shares for $9.27 on Mar 15. It resulted in a $276,676 divestment by the insider. KAVANAUGH SCOTT F added 2,000 shares at an average price of $9.61 on Mar 14. The insider now owns 104,756 shares following the transaction. On Mar 14, Chief Operating Officer Naghibi Christopher M. bought 155 shares at $9.62 apiece. The transaction was valued at $1,490.
Right now, First Foundation Inc. (FFWM) has a P/E ratio of about 3.89. The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 1.17, the price-to-book (PB) ratio of 0.38, and the price-to-cash flow ratio of 6.57 may also be considered.
The latest dividend of $0.11 per share was paid out, remained unchanged from last year’s $0.11. On Tuesday February 1 2022, a $0.02 dividend increase was announced.
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.50, and the total debt-to-equity ratio was 0.50. In the year ended December 30, operating margins totaled 78.80%. Based on annual data, FFWM earned $318.69 million in gross profit and brought in $403.88 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 21.00%. Return on equity (ROE) for the past 12 months was 10.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected First Foundation Inc. to report $0.31 quarterly earnings, the actual figure was $0.35 per share, beating the consensus estimate by 12.90%. The value of shareholders’ equity is $56.35 million.
This quick technical analysis looks at First Foundation Inc.’s (FFWM) price momentum. With a historical volatility rate of 220.17%, the RSI 9-day stood at 18.51% on 17 March.
With respect to its five-day moving average, the current First Foundation Inc. price is down by -34.37% percent or -$3.98. At present, FFWM shares trade -50.55% below its 20-day simple moving average and -57.61% percent below its 100-day simple moving average. However, the stock is currently trading approximately -48.61% below its SMA50 and -66.30% below its SMA200.
Stochastic coefficient K was 14.33% and Stochastic coefficient D was 16.85%, while ATR was 1.12. Given the Stochastic reading of 3.53% for the 14-day period, the RSI (14) reading has been calculated as 19.94%. As of today, the MACD Oscillator reading stands at -1.97, while the 14-day reading stands at -3.52.
First Foundation Inc. downgraded its rating on First Foundation Inc. (NASDAQ: FFWM) to a Neutral in a note to investors on February 03, 2023. The analysts firm previously had an Overweight rating on the stock.First Foundation Inc. (FFWM) has been rated Overweight by analysts. According to 0 brokerage firms, FFWM is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate First Foundation Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $18.00, the current consensus forecast for the stock is $16.00 – $19.00. Based on these forecasts, analysts predict First Foundation Inc. (FFWM) will achieve an average price target of $17.60.