As of Wednesday close, Franklin Street Properties Corp.’s (AMEX:FSP) stock was down -$0.15, moving down -9.04 percent to $1.51. The average number of shares traded per day over the past five days has been 1,244,580 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.0300 fall in that time frame. In the last twenty days, the average volume was 1,773,125, while in the previous 50 days, it was 2,360,102.
Since last month, FSP stock rose 27.97%. Shares of the company fell to $1.1300 on 05/04/23, the lowest level in the past month. A 52-week high of $4.55 was reached on 02/02/23 after having rallying from a 52-week low of $1.13. Since the beginning of this year, FSP’s stock price has dropped by -44.69% or -$1.2200, and marked a new high 7 times. However, the stock has declined by -66.81% since its 52-week high.
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Sponsored
FSP stock investors should be aware that Franklin Street Properties Corp. (FSP) stock had its last reported insider trading activity 9 days ago on May 16. HANSEN BRIAN N, the Director of the company, purchased of 100,000 shares for $1.48 on May 16. It resulted in a $148,350 investment by the insider. HANSEN BRIAN N added 100,000 shares at an average price of $2.08 on Mar 09. The insider now owns 818,066 shares following the transaction. On Mar 08, Director MCGILLICUDDY DENNIS J bought 25,000 shares at $2.13 apiece. The transaction was valued at $53,250.
Valuation Metrics
Right now, Franklin Street Properties Corp. (FSP) has a P/E ratio of about 20.41. The stock’s beta is 0.77. Besides these, the trailing price-to-sales (P/S) ratio of 0.98, the price-to-book (PB) ratio of 0.20.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.52, and the total debt-to-equity ratio was 0.52. On the profitability front, the trailing twelve-month gross margin is 46.90% percent. In the year ended March 30, operating margins totaled 4.90%. 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 1.00%.
In Franklin Street Properties Corp.’s quarter-end financial report for March 30, it reported total debt of $473.63 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FSP’s revenue fell -11.89% to $41.21 million during the quarter, while net income inched up to $37.77 million. While analysts expected Franklin Street Properties Corp. to report $0 quarterly earnings, the actual figure was $0.02 per share. During the quarter, the company generated $8.39 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 78.07%, the RSI 9-day stood at 53.55% on 24 May.
With respect to its five-day moving average, the current Franklin Street Properties Corp. price is down by -1.95% percent or -$0.0300. At present, FSP shares trade +31.30% above its 20-day simple moving average and -45.29% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.25% below its SMA50 and -54.65% below its SMA200.
Stochastic coefficient K was 83.15% and Stochastic coefficient D was 88.45%, while ATR was 0.1271. Given the Stochastic reading of 66.36% for the 14-day period, the RSI (14) reading has been calculated as 53.51%. As of today, the MACD Oscillator reading stands at 0.0244, while the 14-day reading stands at 0.0910.
Analyst Ratings
Franklin Street Properties Corp. (FSP) has been rated Overweight by analysts. According to 0 brokerage firms, FSP is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Franklin Street Properties Corp. stock as buy, with 1 recommending it as overweight.
With a median target price of $2.00, the current consensus forecast for the stock is $1.50 – $2.50. Based on these forecasts, analysts predict Franklin Street Properties Corp. (FSP) will achieve an average price target of $2.00.