Republic First Bancorp Inc. (NASDAQ:FRBK) saw a downside of -55.86% to close Tuesday at $0.31 after subtracting -$0.39 on the day. The 5-day average trading volume is 2,567,800 shares of the company’s common stock. It has gained $0.7700 in the past week and touched a new high 1 time within the past 5 days. An average of 968,715 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 838,446.
FRBK’s 1-month performance is -62.41% or -$0.4773 on its low of $0.2800 reached on 08/22/23. The company’s shares have touched a 52-week low of $0.62 and high of $3.61, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, FRBK has lost -85.63% or -$1.8410 and has reached a new high 4 times. However, the current price is down -91.44% from the 52-week high price.
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Insider Transactions
FRBK stock investors last saw insider trading activity on Dec 13.MADONNA HARRY (President) most recently sold 100 shares at $3.00 per share on Dec 13. This transaction cost the insider $300.
Valuation Metrics
FRBK stock has a beta of 0.90. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.13 while the price-to-book (PB) in the most recent quarter is 0.10, with the price to cash flow ratio at 0.46.
As well, the company’s long term debt to equity for the quarter ending March 30 was 0.06, while the total debt to equity was 0.06. The firm’s gross profit as reported stood at $129.21 million against revenue of $147.8 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FRBK to announce $0.13 per share in earnings in its latest quarter, but it posted -$0.15, representing a -215.40% surprise. Shareholders hold equity totaling $63.86 million.
Let’s look briefly at Republic First Bancorp Inc. (FRBK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 15.97% to suggest the stock is trending oversold, with historical volatility in this time period at 401.28%.
The stock’s 5-day moving average is $0.6062, reflecting a -59.07% or -$0.4460 change from its current price. FRBK is currently trading -65.39% above its 20-day SMA, -75.08% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -72.16% and SMA200 by-88.64%.
Stochastic %K and %D was 8.97% and 7.20% and the average true range (ATR) pointed at 0.1134. The RSI (14) points at 20.35%, while the 14-day stochastic is at 3.97% with the period’s ATR at 0.1003. The stock’s 9-day MACD Oscillator is pointing at -0.1485 and -0.2299 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Republic First Bancorp Inc. (NASDAQ: FRBK), RBC Capital Mkts reiterated its a Sector perform rating for the company but lifted their price target by $4.50 to $5. Analysts offering their rating for FRBK stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate FRBK as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is FRBK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.00 and a high of $1.00, with their median price target at $1.00. Looking at these predictions, the average price target given by analysts is for Republic First Bancorp Inc. (FRBK) stock is $1.00.
