The stock of Franklin Street Properties Corp. (FSP) has seen a 3.59% increase in the past week, with a 10.76% gain in the past month, and a -14.92% decrease in the past quarter. The volatility ratio for the week is 4.95%, and the volatility levels for the past 30 days are at 5.30% for FSP. The simple moving average for the past 20 days is 10.66% for FSP’s stock, with a -16.15% simple moving average for the past 200 days.
Is It Worth Investing in Franklin Street Properties Corp. (AMEX: FSP) Right Now?
FSP has 36-month beta value of 0.81. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for FSP is 81.13M, and currently, short sellers hold a 0.83% ratio of that float. The average trading volume of FSP on July 24, 2024 was 978.95K shares.
FSP) stock’s latest price update
Franklin Street Properties Corp. (AMEX: FSP) has seen a rise in its stock price by 1.21 in relation to its previous close of 1.74. However, the company has experienced a 3.59% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-07-10 that WAKEFIELD, Mass.–(BUSINESS WIRE)–Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE American: FSP) announced today that it has assessed the impact of Hurricane Beryl and its aftermath on its properties located in Texas. FSP’s properties in Houston were minimally impacted by Hurricane Beryl, have power, and are fully operational and open for business. FSP’s properties in Dallas were not impacted by Hurricane Beryl. The Company will provide updates in the event of a material change.
Analysts’ Opinion of FSP
Many brokerage firms have already submitted their reports for FSP stocks, with Robert W. Baird repeating the rating for FSP by listing it as a “Neutral.” The predicted price for FSP in the upcoming period, according to Robert W. Baird is $10 based on the research report published on January 07, 2020 of the previous year 2020.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see FSP reach a price target of $8. The rating they have provided for FSP stocks is “Underperform” according to the report published on January 07th, 2020.
FSP Trading at 2.27% from the 50-Day Moving Average
After a stumble in the market that brought FSP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.25% of loss for the given period.
Volatility was left at 5.30%, however, over the last 30 days, the volatility rate increased by 4.95%, as shares surge +16.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.59% lower at present.
During the last 5 trading sessions, FSP rose by +3.82%, which changed the moving average for the period of 200-days by -3.02% in comparison to the 20-day moving average, which settled at $1.6042. In addition, Franklin Street Properties Corp. saw -31.21% 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 FSP starting from HANSEN BRIAN N, who purchase 50,000 shares at the price of $2.33 back on Mar 04 ’24. After this action, HANSEN BRIAN N now owns 1,191,656 shares of Franklin Street Properties Corp., valued at $116,320 using the latest closing price.
HANSEN BRIAN N, the Director of Franklin Street Properties Corp., purchase 40,000 shares at $2.09 during a trade that took place back on Nov 13 ’23, which means that HANSEN BRIAN N is holding 1,141,656 shares at $83,732 based on the most recent closing price.
Stock Fundamentals for FSP
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.38 for the gross margin
The net margin for Franklin Street Properties Corp. stands at -0.41. The total capital return value is set at -0.01. Equity return is now at value -7.88, with -5.16 for asset returns.
Based on Franklin Street Properties Corp. (FSP), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is -0.37.
Currently, EBITDA for the company is 57.93 million with net debt to EBITDA at 4.84. When we switch over and look at the enterprise to sales, we see a ratio of 3.15. The receivables turnover for the company is 3.3for trailing twelve months and the total asset turnover is 0.14.
Conclusion
To put it simply, Franklin Street Properties Corp. (FSP) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
