Franklin Street Properties Corp (AMEX:FSP) price on current trading day, rose 2.73% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.88.
A look at the stock’s price movement, the close in the last trading session was $1.83, moving within a range at $1.76 and $1.88. The beta value (5-Year monthly) was 0.791. Turning to its 52-week performance, $2.72 and $1.47 were the 52-week high and 52-week low respectively. Overall, FSP moved -3.59% over the past month.
Franklin Street Properties Corp’s market cap currently stands at around $194.71 million, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.04, with its dividend yield at 2.13%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FSP is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
FSP’s current price about -0.08% and 4.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.83, while 7-day volatility ratio is 5.96% and 4.76% in the 30-day chart. Further, Franklin Street Properties Corp (FSP) has a beta value of 0.81, and an average true range (ATR) of 0.09.
If we refocus on Franklin Street Properties Corp (AMEX:FSP), historical trading data shows that trading volumes averaged 0.28 over the past 10 days and 422.15K over the past 3 months. The company’s latest data on shares outstanding shows there are 103.57 million shares.
The 28.28% of Franklin Street Properties Corp’s shares are in the hands of company insiders while institutional holders own 61.55% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.7 million on 2024-11-15, giving us a short ratio of 3.18. The data shows that as of 2024-11-15 short interest in Franklin Street Properties Corp (FSP) stood at 175.00000000000003 of shares outstanding, with shares short rising to 1.69 million registered in 2024-10-15. Current price change has pushed the stock -26.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FSP stock continues to rise going into the next quarter.
