First Foundation Inc. (NASDAQ: FFWM) has a higher price-to-earnings ratio of 4.44x compared to its average ratio, and the 36-month beta value for FFWM is at 0.98.
The public float for FFWM is 50.60M, and currently, shorts hold a 1.78% of that float. The average trading volume for FFWM on March 17, 2023 was 524.78K shares.
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FFWM) stock’s latest price update
First Foundation Inc. (NASDAQ: FFWM)’s stock price has decreased by -7.75 compared to its previous closing price of 9.42. Despite this, the company has seen a loss of -31.79% in its stock price over the last five trading days.
FFWM’s Market Performance
First Foundation Inc. (FFWM) has seen a -31.79% fall in stock performance for the week, with a -43.90% decline in the past month and a -39.61% plunge in the past quarter. The volatility ratio for the week is 16.91%, and the volatility levels for the past 30 days are at 6.05% for FFWM. The simple moving average for the last 20 days is -36.70% for FFWM stock, with a simple moving average of -49.96% for the last 200 days.
Analysts’ Opinion of FFWM
Many brokerage firms have already submitted their reports for FFWM stocks, with Piper Sandler repeating the rating for FFWM by listing it as a “Neutral.” The predicted price for FFWM in the upcoming period, according to Piper Sandler is $16 based on the research report published on February 03rd of the current year 2023.
DA Davidson, on the other hand, stated in their research note that they expect to see FFWM reach a price target of $18. The rating they have provided for FFWM stocks is “Neutral” according to the report published on October 26th, 2022.
B. Riley Securities gave a rating of “Neutral” to FFWM, setting the target price at $21 in the report published on July 11th of the previous year.
FFWM Trading at -41.04% from the 50-Day Moving Average
After a stumble in the market that brought FFWM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.13% of loss for the given period.
Volatility was left at 6.05%, however, over the last 30 days, the volatility rate increased by 16.91%, as shares sank -44.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.27% lower at present.
During the last 5 trading sessions, FFWM fell by -31.79%, which changed the moving average for the period of 200-days by -61.39% in comparison to the 20-day moving average, which settled at $13.37. In addition, First Foundation Inc. saw -39.36% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FFWM starting from HAKOPIAN JOHN, who sale 29,857 shares at the price of $9.27 back on Mar 15. After this action, HAKOPIAN JOHN now owns 620,842 shares of First Foundation Inc., valued at $276,676 using the latest closing price.
KAVANAUGH SCOTT F, the Chief Executive Officer of First Foundation Inc., purchase 2,000 shares at $9.61 during a trade that took place back on Mar 14, which means that KAVANAUGH SCOTT F is holding 104,756 shares at $19,218 based on the most recent closing price.
Stock Fundamentals for FFWM
Current profitability levels for the company are sitting at:
- +33.13 for the present operating margin
The net margin for First Foundation Inc. stands at +24.44. Equity return is now at value 10.00, with 0.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.
Conclusion
In conclusion, First Foundation Inc. (FFWM) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
