Flagstar Financial Inc (NYSE:FLG) shares, rose in value, with the stock price down by -1.63% to the previous day’s close as strong demand from buyers drove the stock to $10.87.
Actively observing the price movement in the recent trading, the stock is buoying the session at $11.05, falling within a range of $10.73 and $11.025. The value of beta (5-year monthly) is 1.0. Referring to stock’s 52-week performance, its high was $34.47, and the low was $5.10. On the whole, FLG has fluctuated by -1.00% over the past month.
With the market capitalization of Flagstar Financial Inc currently standing at about $108.67 million, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 1.84%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.56B, with a low estimate of 538.2M and a high estimate of 602M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 561.1M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FLG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of FLG currently trading nearly -4.44% and -3.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.47, while the 7-day volatility ratio is showing 3.42% which for the 30-day chart, stands at 4.36%. Furthermore, Flagstar Financial Inc (FLG)’s beta value is 1.04, and its average true range (ATR) is 0.50.
A comparison of Flagstar Financial Inc (FLG) with its peers suggests the former has fared considerably weaker in the market. FLG showed an intraday change of -1.63% in today’s session so far, and over the past year, it shrunk by -65.79%%.
Data on historical trading for Flagstar Financial Inc (NYSE:FLG) indicates that the trading volumes over the past 10 days have averaged 4.69 and over the past 3 months, they’ve averaged 6.09 million. According to company’s latest data on outstanding shares, there are 415.26 million shares outstanding.
Nearly 27.21% of Flagstar Financial Inc’s shares belong to company insiders and institutional investors own 56.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 48.45 million shares as on 2024-11-29, resulting in a short ratio of 8.26. According to the data, the short interest in Flagstar Financial Inc (FLG) stood at 1304.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 39.34 million. The stock has fallen by -64.58% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FLG stock heading into the next quarter.
