Franklin Resources, Inc (NYSE:BEN) shares, rose in value on Wednesday, January 22, with the stock price up by 0.25% to the previous day’s close as strong demand from buyers drove the stock to $19.87.
Actively observing the price movement in the last trading, the stock closed the session at $19.82, falling within a range of $19.585 and $19.99. The value of beta (5-year monthly) was 1.402 whereas the PE ratio was 23.07 over 12-month period. Referring to stock’s 52-week performance, its high was $28.61, and the low was $18.83. On the whole, BEN has fluctuated by -1.34% over the past month.
With the market capitalization of Franklin Resources, Inc currently standing at about $10.41 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.25, with its dividend yield at 6.29%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.43B, with a low estimate of 2.13B and a high estimate of 3.2B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.49B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BEN’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.
The stock’s technical analysis shows that the PEG ratio is about 7.69, with the price of BEN currently trading nearly -0.59% and -5.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.73, while the 7-day volatility ratio is showing 2.03% which for the 30-day chart, stands at 2.59%. Furthermore, Franklin Resources, Inc (BEN)’s beta value is 1.43, and its average true range (ATR) is 0.54.
A comparison of Franklin Resources, Inc (BEN) with its peers suggests the former has fared considerably weaker in the market. BEN showed an intraday change of 0.25% in last session, and over the past year, it shrunk by -28.86%%.
Data on historical trading for Franklin Resources, Inc (NYSE:BEN) indicates that the trading volumes over the past 10 days have averaged 3.95 and over the past 3 months, they’ve averaged 4.02 million. According to company’s latest data on outstanding shares, there are 523.60 million shares outstanding.
Nearly 46.39% of Franklin Resources, Inc’s shares belong to company insiders and institutional investors own 45.06% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25.15 million shares as on 2024-12-31, resulting in a short ratio of 6.18. According to the data, the short interest in Franklin Resources, Inc (BEN) stood at 1236.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 26.17 million. The stock has fallen by -2.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BEN stock heading into the next quarter.
