The stock of Finance of America Companies Inc (NYSE: FOA) has decreased by -9.69 when compared to last closing price of 0.62. Despite this, the company has experienced a -11.38% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-06 that Finance of America Companies Inc. (NYSE:FOA ) Q4 2023 Earnings Conference Call March 6, 2024 5:00 PM ET Company Participants Michael Fant – Senior Vice President of Finance Graham Fleming – Chief Executive Officer Kristen Sieffert – President Matthew Engel – Chief Financial Officer Conference Call Participants Stephen Laws – Raymond James Cory Johnson – UBS Lee Cooperman – Omega Family Office Operator Ladies and gentlemen, thank you, for standing by. My name is [Natalie], and I will be your conference operator today.
Is It Worth Investing in Finance of America Companies Inc (NYSE: FOA) Right Now?
Moreover, the 36-month beta value for FOA is 0.91. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FOA is 29.35M and currently, short sellers hold a 3.42% of that float. On April 23, 2024, FOA’s average trading volume was 85.93K shares.
FOA’s Market Performance
FOA’s stock has seen a -11.38% decrease for the week, with a -26.30% drop in the past month and a -44.54% fall in the past quarter. The volatility ratio for the week is 9.88%, and the volatility levels for the past 30 days are at 8.34% for Finance of America Companies Inc The simple moving average for the past 20 days is -18.25% for FOA’s stock, with a -50.95% simple moving average for the past 200 days.
Analysts’ Opinion of FOA
Many brokerage firms have already submitted their reports for FOA stocks, with Credit Suisse repeating the rating for FOA by listing it as a “Neutral.” The predicted price for FOA in the upcoming period, according to Credit Suisse is $2 based on the research report published on August 16, 2023 of the previous year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see FOA reach a price target of $5. The rating they have provided for FOA stocks is “Equal-Weight” according to the report published on October 11th, 2021.
Goldman gave a rating of “Neutral” to FOA, setting the target price at $5.50 in the report published on August 19th of the previous year.
FOA Trading at -27.85% from the 50-Day Moving Average
After a stumble in the market that brought FOA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.17% of loss for the given period.
Volatility was left at 8.34%, however, over the last 30 days, the volatility rate increased by 9.88%, as shares sank -18.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.09% lower at present.
During the last 5 trading sessions, FOA fell by -11.38%, which changed the moving average for the period of 200-days by -69.72% in comparison to the 20-day moving average, which settled at $0.6787. In addition, Finance of America Companies Inc saw -49.08% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FOA
Current profitability levels for the company are sitting at:
- 4.75 for the present operating margin
- 1.96 for the gross margin
The net margin for Finance of America Companies Inc stands at 0.91. The total capital return value is set at -0.01. Equity return is now at value -23.59, with -0.24 for asset returns.
Based on Finance of America Companies Inc (FOA), the company’s capital structure generated 0.99 points at debt to capital in total, while cash flow to debt ratio is standing at -0.0. The debt to equity ratio resting at 114.52. The interest coverage ratio of the stock is -1.22.
Currently, EBITDA for the company is 6.84 million with net debt to EBITDA at -226.9. When we switch over and look at the enterprise to sales, we see a ratio of -868.04. The receivables turnover for the company is -0.29for trailing twelve months and the total asset turnover is -0.0.
Conclusion
To wrap up, the performance of Finance of America Companies Inc (FOA) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
