First Advantage Corporation (NASDAQ:FA) shares, rose in value on Friday, 05/13/22, with the stock price up by 4.92% to the previous day’s close as strong demand from buyers drove the stock to $15.35.
Actively observing the price movement in the last trading, the stock closed the session at $14.63, falling within a range of $14.87 and $15.80. The PE ratio was 144.81 over 12-month period. Referring to stock’s 52-week performance, its high was $24.73, and the low was $14.17. On the whole, FA has fluctuated by -16.71% over the past month.
With the market capitalization of First Advantage Corporation currently standing at about $2.34 billion, investors are eagerly awaiting this quarter’s results, scheduled for Nov 08, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.21, which is expected to increase to $0.24 for fiscal year $0.86 and then to about $0.9 by fiscal year 2022.
Analysts have estimated the company’s revenue for the quarter at $184.79 million, with a low estimate of $183 million and a high estimate of $186.3 million.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
7 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 6 recommend it as a Buy and 1 called the FA stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 13.53, with the price of FA currently trading nearly -11.78% and -13.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.16, while the 7-day volatility ratio is showing 8.49% which for the 30-day chart, stands at 5.53%. Furthermore, First Advantage Corporation (FA)’s average true range (ATR) is 0.99. The company’s stock has been forecasted to trade at an average price of $25.93 over the course of the next 52 weeks, with a low of $22.00 and a high of $38.00. Based on these price targets, the low is -43.32% off current price, whereas the price has to move -147.56% to reach the yearly target high. Additionally, analysts’ median price of $24.00 is likely to be welcomed by investors because it represents a decrease of -56.35% from the current levels.
In comparison, Automatic Data Processing Inc. (ADP) has moved higher at 0.63% on the day and was up 7.27% over the past 12 months. On the other hand, the price of Paycom Software Inc. (PAYC) has risen 4.93% on the day. The stock, however, is off -11.57% from where it was a year ago. The PE ratio stands at 144.81 for First Advantage Corporation, compared to 30.83 for Automatic Data Processing Inc., and 75.18 for Paycom Software Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.
Data on historical trading for First Advantage Corporation (NASDAQ:FA) indicates that the trading volumes over the past 3 months, they’ve averaged 410.07K. According to company’s latest data on outstanding shares, there are 150.23 million shares outstanding.
Nearly 3.30% of First Advantage Corporation’s shares belong to company insiders and institutional investors own 92.60% of the company’s shares. The stock has fallen by -19.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FA stock heading into the next quarter.