Company’s 36-month beta value is 1.07.Analysts have differing 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 35.71M, and currently, short sellers hold a 4.07% ratio of that floaft. The average trading volume of FOA on July 01, 2024 was 146.87K shares.
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FOA) stock’s latest price update
Finance of America Companies Inc (NYSE: FOA)’s stock price has decreased by -16.33 compared to its previous closing price of 0.59. However, the company has seen a -10.09% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-06-25 that PLANO, Texas–(BUSINESS WIRE)–Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that certain of its direct and indirect subsidiaries, including Finance of America Funding LLC (“FOA Funding”), entered into an agreement (the “Exchange Offer Support Agreement”) with certain holders representing approximately 71.1% of FOA Funding’s outstanding unsecured Senior N.
FOA’s Market Performance
Finance of America Companies Inc (FOA) has seen a -10.09% fall in stock performance for the week, with a -16.22% decline in the past month and a -32.95% plunge in the past quarter. The volatility ratio for the week is 12.94%, and the volatility levels for the past 30 days are at 11.41% for FOA. The simple moving average for the last 20 days is -14.07% for FOA stock, with a simple moving average of -43.34% for the last 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 -16.71% 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 -76.19% of loss for the given period.
Volatility was left at 11.41%, however, over the last 30 days, the volatility rate increased by 12.94%, as shares sank -11.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.23% lower at present.
During the last 5 trading sessions, FOA fell by -10.09%, which changed the moving average for the period of 200-days by -62.08% in comparison to the 20-day moving average, which settled at $0.5702. In addition, Finance of America Companies Inc saw -55.19% 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:
- 1.08 for the present operating margin
- 1.33 for the gross margin
The net margin for Finance of America Companies Inc stands at 0.48. The total capital return value is set at -0.01. Equity return is now at value -31.20, with -0.30 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 -0.02. The debt to equity ratio resting at 119.23. The interest coverage ratio of the stock is -2.98.
Currently, EBITDA for the company is 6.84 million with net debt to EBITDA at -163.72. When we switch over and look at the enterprise to sales, we see a ratio of -166.55.
Conclusion
In a nutshell, Finance of America Companies Inc (FOA) has experienced a bad performance in recent times. The stock has received mixed “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.
