As of Friday close, Republic First Bancorp Inc.’s (NASDAQ:FRBK) stock was down -$0.02, moving down -3.39 percent to $0.63. The average number of shares traded per day over the past five days has been 573,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1801 fall in that time frame. In the last twenty days, the average volume was 484,115, while in the previous 50 days, it was 664,986.
Since last month, FRBK stock retreated -18.50%. Shares of the company fell to $0.6200 on 08/18/23, the lowest level in the past month. A 52-week high of $3.65 was reached on 01/09/23 after having rallying from a 52-week low of $0.62. Since the beginning of this year, FRBK’s stock price has dropped by -70.70% or -$1.5200, and marked a new high 4 times. However, the stock has declined by -82.74% since its 52-week high.
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FRBK stock investors should be aware that Republic First Bancorp Inc. (FRBK) stock had its last reported insider trading activity 249 days ago on Dec 13. Duster Benjamin, the Director of the company, purchased of 100 shares for $3.00 on Dec 13. It resulted in a $300 investment by the insider. MADONNA HARRY sold 100 shares at an average price of $3.00 on Dec 13. The insider now owns 44,900 shares following the transaction.
Valuation Metrics
Right now, Republic First Bancorp Inc. (FRBK) has a P/E ratio of about 2.49. The stock’s beta is 0.92. Besides these, the trailing price-to-sales (P/S) ratio of 0.25, the price-to-book (PB) ratio of 0.21, and the price-to-cash flow ratio of 0.93 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.06, and the total debt-to-equity ratio was 0.06. In the year ended March 30, operating margins totaled 88.70%. Based on annual data, FRBK earned $129.21 million in gross profit and brought in $147.8 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 34.30%. Return on equity (ROE) for the past 12 months was 7.50%.
In Republic First Bancorp Inc.’s quarter-end financial report for March 30, it reported total debt of $11.28 million. 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 Republic First Bancorp Inc. to report $0.13 quarterly earnings, the actual figure was -$0.15 per share, beating the consensus estimate by -215.40%. The value of shareholders’ equity is $63.86 million.
Technical Picture
This quick technical analysis looks at Republic First Bancorp Inc.’s (FRBK) price momentum. With a historical volatility rate of 80.34%, the RSI 9-day stood at 19.76% on 18 August.
With respect to its five-day moving average, the current Republic First Bancorp Inc. price is down by -22.23% percent or -$0.1801. At present, FRBK shares trade -19.88% below its 20-day simple moving average and -50.78% percent below its 100-day simple moving average. However, the stock is currently trading approximately -52.63% below its SMA50 and -77.74% below its SMA200.
Stochastic coefficient K was 3.18% and Stochastic coefficient D was 10.24%, while ATR was 0.0754. Given the Stochastic reading of 2.44% for the 14-day period, the RSI (14) reading has been calculated as 26.74%. As of today, the MACD Oscillator reading stands at -0.1026, while the 14-day reading stands at -0.1685.
Analyst Ratings
RBC Capital Mkts reiterated its a Sector perform rating on Republic First Bancorp Inc. (NASDAQ: FRBK) in a note to investors. The analysts firm has however raised their price target to $5, representing a possible 86.0% increase in the stock price. Republic First Bancorp Inc. (FRBK) has been rated Hold by analysts. According to 0 brokerage firms, FRBK 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 Republic First Bancorp Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $1.00, the current consensus forecast for the stock is $1.00 – $1.00. Based on these forecasts, analysts predict Republic First Bancorp Inc. (FRBK) will achieve an average price target of $1.00.
