First Foundation Inc (NYSE:FFWM) price on Friday, December 27, fall -0.99% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.98.
A look at the stock’s price movement, the close in the last trading session was $6.04, moving within a range at $5.88 and $6.09. The beta value (5-Year monthly) was 1.311. Turning to its 52-week performance, $11.47 and $4.84 were the 52-week high and 52-week low respectively. Overall, FFWM moved -25.16% over the past month.
First Foundation Inc’s market cap currently stands at around $492.54 million, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.02, with its dividend yield at 0.33%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 66.15M for the company’s revenue for the quarter, with a low and high estimate of 62.5M and 68.9M respectively. The average forecast suggests up to a 17.35% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 187.82M, representing a -25.37% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FFWM is a Hold. 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% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 0 recommend FFWM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FFWM’s current price about -15.67% and -18.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.95, while 7-day volatility ratio is 5.01% and 5.02% in the 30-day chart. Further, First Foundation Inc (FFWM) has a beta value of 1.36, and an average true range (ATR) of 0.35. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $5 and high of $9. Looking at the price targets, the low is 16.39% off current price level while to achieve the yearly target high, price needs to move -50.5%. Nonetheless, investors will most likely welcome a -17.06% jump to $7 which is the analysts’ median price.
If we refocus on First Foundation Inc (NYSE:FFWM), historical trading data shows that trading volumes averaged 0.56 over the past 10 days and 528.21K over the past 3 months. The company’s latest data on shares outstanding shows there are 82.36 million shares.
The 12.44% of First Foundation Inc’s shares are in the hands of company insiders while institutional holders own 71.49% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.95 million on 2024-11-29, giving us a short ratio of 8.76. The data shows that as of 2024-11-29 short interest in First Foundation Inc (FFWM) stood at 638.0 of shares outstanding, with shares short falling to 4.97 million registered in 2024-10-31. Current price change has pushed the stock -38.22% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FFWM stock continues to rise going into the next quarter.
