Farmland Partners Inc (NYSE:FPI) shares, rose in value on Friday, May 30, with the stock price up by 0.89% to the previous day’s close as strong demand from buyers drove the stock to $11.32.
Actively observing the price movement in the last trading, the stock closed the session at $11.22. The PE ratio was 11.06 over 12-month period. Referring to stock’s 52-week performance, its high was $12.87, and the low was $8.79. On the whole, FPI has fluctuated by 12.52% over the past month.
With the market capitalization of Farmland Partners Inc currently standing at about $534.23 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.23, with its dividend yield at 2.02%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FPI’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 Hold.
The stock’s technical analysis shows that the price of FPI currently trading nearly 7.21% and 8.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.30, while the 7-day volatility ratio is showing 1.79% which for the 30-day chart, stands at 1.77%. Furthermore, Farmland Partners Inc (FPI)’s beta value is 0.85, and its average true range (ATR) is 0.26.
A comparison of Farmland Partners Inc (FPI) with its peers suggests the former has fared considerably weaker in the market. FPI showed an intraday change of 0.89% in last session, and over the past year, it grew by 14.55%%.
Data on historical trading for Farmland Partners Inc (NYSE:FPI) indicates that the trading volumes over the past 3 months, they’ve averaged 409.31K. According to company’s latest data on outstanding shares, there are 45.99 million shares outstanding.
Nearly 10.67% of Farmland Partners Inc’s shares belong to company insiders and institutional investors own 61.52% of the company’s shares. The stock has fallen by -3.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FPI stock heading into the next quarter.
