Franklin Street Properties Corp (AMEX:FSP) shares, rose in value on Friday, May 30, with the stock price up by 0.55% to the previous day’s close as strong demand from buyers drove the stock to $1.82.
Actively observing the price movement in the last trading, the stock closed the session at $1.81. Referring to stock’s 52-week performance, its high was $2.21, and the low was $1.36. On the whole, FSP has fluctuated by 15.19% over the past month.
With the market capitalization of Franklin Street Properties Corp currently standing at about $188.50 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.02, with its dividend yield at 1.10%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FSP’s technical picture suggests that short-term indicators denote the stock is a Hold 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 50% Buy.
The stock’s technical analysis shows that the price of FSP currently trading nearly 7.50% and 9.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.89, while the 7-day volatility ratio is showing 2.13% which for the 30-day chart, stands at 5.12%. Furthermore, Franklin Street Properties Corp (FSP)’s beta value is 0.90, and its average true range (ATR) is 0.10.
A comparison of Franklin Street Properties Corp (FSP) with its peers suggests the former has fared considerably weaker in the market. FSP showed an intraday change of 0.55% in last session, and over the past year, it shrunk by -3.58%%.
Data on historical trading for Franklin Street Properties Corp (AMEX:FSP) indicates that the trading volumes over the past 3 months, they’ve averaged 441.11K. According to company’s latest data on outstanding shares, there are 103.57 million shares outstanding.
Nearly 30.05% of Franklin Street Properties Corp’s shares belong to company insiders and institutional investors own 57.81% of the company’s shares. The stock has fallen by -0.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FSP stock heading into the next quarter.
