Focus Financial Partners Inc. (NASDAQ: FOCS)’s stock price has increased by 1.14 compared to its previous closing price of 50.92. but the company has seen a -0.68% decline in its stock price over the last five trading sessions.
Is It Worth Investing in Focus Financial Partners Inc. (NASDAQ: FOCS) Right Now?
The price-to-earnings ratio for Focus Financial Partners Inc. (NASDAQ: FOCS) is 36.86x, which is above its average ratio. Moreover, the 36-month beta value for FOCS is 1.32. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Focus Financial Partners Inc. (FOCS) is $52.60, which is $1.0 above the current market price. The public float for FOCS is 58.05M and currently, short sellers hold a 2.57% of that float. On March 15, 2023, FOCS’s average trading volume was 1.10M shares.
FOCS’s Market Performance
FOCS stock saw an increase of -0.68% in the past week, with a monthly gain of 2.49% and a quarterly increase of 40.14%. The volatility ratio for the week is 1.17%, and the volatility levels for the last 30 days are 0.78% for Focus Financial Partners Inc. (FOCS). The simple moving average for the last 20 days is 1.16% for FOCS stock, with a simple moving average of 31.28% for the last 200 days.
Analysts’ Opinion of FOCS
Many brokerage firms have already submitted their reports for FOCS stocks, with Keefe Bruyette repeating the rating for FOCS by listing it as a “Mkt Perform.” The predicted price for FOCS in the upcoming period, according to Keefe Bruyette is $55 based on the research report published on March 02nd of the current year 2023.
Truist, on the other hand, stated in their research note that they expect to see FOCS reach a price target of $53, previously predicting the price at $50. The rating they have provided for FOCS stocks is “Hold” according to the report published on February 21st, 2023.
RBC Capital Mkts gave a rating of “Sector Perform” to FOCS, setting the target price at $53 in the report published on February 21st of the current year.
FOCS Trading at 10.01% from the 50-Day Moving Average
After a stumble in the market that brought FOCS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.13% of loss for the given period.
Volatility was left at 0.78%, however, over the last 30 days, the volatility rate increased by 1.17%, as shares surge +2.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.81% upper at present.
During the last 5 trading sessions, FOCS fell by -0.68%, which changed the moving average for the period of 200-days by +40.94% in comparison to the 20-day moving average, which settled at $50.99. In addition, Focus Financial Partners Inc. saw 38.18% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FOCS
Current profitability levels for the company are sitting at:
- +10.71 for the present operating margin
- +62.33 for the gross margin
The net margin for Focus Financial Partners Inc. stands at +4.28. Equity return is now at value 9.00, with 1.90 for asset returns.
Conclusion
To wrap up, the performance of Focus Financial Partners Inc. (FOCS) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
