First Foundation Inc (NYSE:FFWM) shares, rose in value on Friday, January 03, with the stock price up by 2.81% to the previous day’s close as strong demand from buyers drove the stock to $6.22.
Actively observing the price movement in the last trading, the stock closed the session at $6.05, falling within a range of $5.945 and $6.24. The value of beta (5-year monthly) was 1.311. Referring to stock’s 52-week performance, its high was $11.47, and the low was $4.84. On the whole, FFWM has fluctuated by -20.76% over the past month.
With the market capitalization of First Foundation Inc currently standing at about $512.31 million, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.02, with its dividend yield at 0.32%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FFWM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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% Sell.
The stock’s technical analysis shows that the price of FFWM currently trading nearly -7.53% and -14.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.12, while the 7-day volatility ratio is showing 5.54% which for the 30-day chart, stands at 5.36%. Furthermore, First Foundation Inc (FFWM)’s beta value is 1.38, and its average true range (ATR) is 0.36.
A comparison of First Foundation Inc (FFWM) with its peers suggests the former has fared considerably weaker in the market. FFWM showed an intraday change of 2.81% in last session, and over the past year, it shrunk by -31.80%%.
Data on historical trading for First Foundation Inc (NYSE:FFWM) indicates that the trading volumes over the past 10 days have averaged 0.67 and over the past 3 months, they’ve averaged 543.85K. According to company’s latest data on outstanding shares, there are 82.36 million shares outstanding.
Nearly 12.44% of First Foundation Inc’s shares belong to company insiders and institutional investors own 71.51% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.1 million shares as on 2024-12-13, resulting in a short ratio of 13.78. According to the data, the short interest in First Foundation Inc (FFWM) stood at 658.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 5.05 million. The stock has risen by 0.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FFWM stock heading into the next quarter.
