First Foundation Inc. (NASDAQ:FFWM) saw a downside of -0.94% to close Friday at $7.35 after subtracting -$0.07 on the day. The 5-day average trading volume is 665,280 shares of the company’s common stock. It has gained $7.69 in the past week and touched a new high 1 time within the past 5 days. An average of 1,045,305 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 997,276.
FFWM’s 1-month performance is 39.47% or $2.51 on its low of $4.76 reached on 07/19/23. The company’s shares have touched a 52-week low of $3.69 and high of $21.45, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, FFWM has lost -48.71% or -$6.98 and has reached a new high 9 times. However, the current price is down -65.73% from the 52-week high price.
Insider Transactions
FFWM stock investors last saw insider trading activity on May 11.HAKOPIAN JOHN (President, FFA) most recently sold 29,857 shares at $9.27 per share on Mar 15. This transaction cost the insider $276,676. President, FFA, HAKOPIAN JOHN, sold 56,143 shares at a price of $9.34 on Mar 14. Then, on Mar 13, President, FFA HAKOPIAN JOHN sold 100,000 shares at a price of $7.96 per share. This transaction amounted to $795,830.
Valuation Metrics
FFWM stock has a beta of 0.99. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.81 while the price-to-book (PB) in the most recent quarter is 0.45, with the price to cash flow ratio at 7.99.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.21, while the total debt to equity was 0.21. The firm’s gross profit as reported stood at $318.69 million against revenue of $403.88 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FFWM to announce $0.04 per share in earnings in its latest quarter, but it posted $0.07, representing a 75.00% surprise. Shareholders hold equity totaling $56.44 million.
Let’s look briefly at First Foundation Inc. (FFWM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 59.76% to suggest the stock is trending Neutral, with historical volatility in this time period at 65.45%.
The stock’s 5-day moving average is $7.33, reflecting a -6.13% or -$0.48 change from its current price. FFWM is currently trading +46.12% above its 20-day SMA, -1.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +38.42% and SMA200 by-53.95%.
Stochastic %K and %D was 50.13% and 56.21% and the average true range (ATR) pointed at 0.44. The RSI (14) points at 62.60%, while the 14-day stochastic is at 52.71% with the period’s ATR at 0.44. The stock’s 9-day MACD Oscillator is pointing at -0.06 and 0.00 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for First Foundation Inc. (NASDAQ: FFWM), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for FFWM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate FFWM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is FFWM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.50 and a high of $12.00, with their median price target at $9.00. Looking at these predictions, the average price target given by analysts is for First Foundation Inc. (FFWM) stock is $9.20.
