The stock of First Of Long Island Corp. (NASDAQ: FLIC) has decreased by -9.05 when compared to last closing price of 10.50.Despite this, the company has seen a loss of -9.65% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-26 that The First of Long Island Corporation (NASDAQ:FLIC ) Q1 2024 Earnings Call Transcript April 26, 2024 2:00 PM ET Company Participants Chris Becker – President and Chief Executive Officer Janet Verneuille – Senior Executive Vice President and Chief Financial Officer Conference Call Participants Alex Twerdahl – Piper Sandler Chris O’Connell – KBW Operator Welcome to The First of Long Island Corporation’s First Quarter 2024 Earnings Conference Call. On the call today are Chris Becker, President and Chief Executive Officer; and Janet Verneuille, Senior Executive Vice President and Chief Financial Officer.
Is It Worth Investing in First Of Long Island Corp. (NASDAQ: FLIC) Right Now?
The price-to-earnings ratio for First Of Long Island Corp. (NASDAQ: FLIC) is 8.94x, which is above its average ratio. Moreover, the 36-month beta value for FLIC is 0.63. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for FLIC is 21.12M and currently, short sellers hold a 0.68% of that float. On April 30, 2024, FLIC’s average trading volume was 150.47K shares.
FLIC’s Market Performance
The stock of First Of Long Island Corp. (FLIC) has seen a -9.65% decrease in the past week, with a -13.89% drop in the past month, and a -24.51% fall in the past quarter. The volatility ratio for the week is 3.73%, and the volatility levels for the past 30 days are at 2.69% for FLIC. The simple moving average for the past 20 days is -8.70% for FLIC’s stock, with a -19.59% simple moving average for the past 200 days.
Analysts’ Opinion of FLIC
Boenning & Scattergood, on the other hand, stated in their research note that they expect to see FLIC reach a price target of $21. The rating they have provided for FLIC stocks is “Outperform” according to the report published on December 16th, 2020.
Piper Sandler gave a rating of “Overweight” to FLIC, setting the target price at $19 in the report published on May 05th of the previous year.
FLIC Trading at -11.28% from the 50-Day Moving Average
After a stumble in the market that brought FLIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.03% of loss for the given period.
Volatility was left at 2.69%, however, over the last 30 days, the volatility rate increased by 3.73%, as shares sank -11.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.24% lower at present.
During the last 5 trading sessions, FLIC fell by -9.65%, which changed the moving average for the period of 200-days by -21.53% in comparison to the 20-day moving average, which settled at $10.40. In addition, First Of Long Island Corp. saw -27.87% 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 FLIC starting from QUICK PETER, who purchase 1,000 shares at the price of $10.99 back on Feb 22 ’24. After this action, QUICK PETER now owns 46,998 shares of First Of Long Island Corp., valued at $10,990 using the latest closing price.
QUICK PETER, the Director of First Of Long Island Corp., purchase 500 shares at $11.14 during a trade that took place back on Feb 21 ’24, which means that QUICK PETER is holding 45,998 shares at $5,570 based on the most recent closing price.
Stock Fundamentals for FLIC
Current profitability levels for the company are sitting at:
- 0.83 for the present operating margin
- 0.83 for the gross margin
The net margin for First Of Long Island Corp. stands at 0.21. The total capital return value is set at 0.03. Equity return is now at value 6.47, with 0.57 for asset returns.
Based on First Of Long Island Corp. (FLIC), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 1.37. The interest coverage ratio of the stock is 2.09.
Currently, EBITDA for the company is 5.75 million with net debt to EBITDA at 37.7. When we switch over and look at the enterprise to sales, we see a ratio of 7.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.
Conclusion
To wrap up, the performance of First Of Long Island Corp. (FLIC) 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.
