The stock of First Foundation Inc (NYSE: FFWM) has increased by 7.51 when compared to last closing price of 6.71.Despite this, the company has seen a gain of 14.33% in its stock price over the last five trading days. zacks.com reported 2024-07-25 that The headline numbers for First Foundation (FFWM) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in First Foundation Inc (NYSE: FFWM) Right Now?
Additionally, the 36-month beta value for FFWM is 1.34. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FFWM is 50.29M and currently, short sellers hold a 10.35% ratio of that float. The average trading volume of FFWM on July 25, 2024 was 655.85K shares.
FFWM’s Market Performance
FFWM stock saw an increase of 14.33% in the past week, with a monthly gain of 36.37% and a quarterly increase of 2.33%. The volatility ratio for the week is 6.27%, and the volatility levels for the last 30 days are 7.24% for First Foundation Inc (FFWM). The simple moving average for the past 20 days is 19.90% for FFWM’s stock, with a 3.90% simple moving average for the past 200 days.
Analysts’ Opinion of FFWM
Many brokerage firms have already submitted their reports for FFWM stocks, with DA Davidson repeating the rating for FFWM by listing it as a “Buy.” The predicted price for FFWM in the upcoming period, according to DA Davidson is $9 based on the research report published on July 03, 2024 of the current year 2024.
FFWM Trading at 22.35% 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 -37.11% of loss for the given period.
Volatility was left at 7.24%, however, over the last 30 days, the volatility rate increased by 6.27%, as shares surge +28.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.71% upper at present.
During the last 5 trading sessions, FFWM rose by +13.79%, which changed the moving average for the period of 200-days by +24.65% in comparison to the 20-day moving average, which settled at $6.10. In addition, First Foundation Inc saw -25.48% 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 KELLER ULRICH E. JR, who sale 25,000 shares at the price of $8.16 back on Feb 29 ’24. After this action, KELLER ULRICH E. JR now owns 1,230,622 shares of First Foundation Inc, valued at $203,975 using the latest closing price.
KELLER ULRICH E. JR, the Chairman of First Foundation Inc, sale 30,000 shares at $8.90 during a trade that took place back on Dec 15 ’23, which means that KELLER ULRICH E. JR is holding 215,000 shares at $266,940 based on the most recent closing price.
Stock Fundamentals for FFWM
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 1.0 for the gross margin
The net margin for First Foundation Inc stands at -0.31. The total capital return value is set at -0.01. Equity return is now at value -20.05, with -1.52 for asset returns.
Based on First Foundation Inc (FFWM), the company’s capital structure generated 0.67 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 2.02. The interest coverage ratio of the stock is -0.21.
Currently, EBITDA for the company is -200.06 million with net debt to EBITDA at -2.58. When we switch over and look at the enterprise to sales, we see a ratio of 1.04. The receivables turnover for the company is 12.54for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.36.
Conclusion
In conclusion, First Foundation Inc (FFWM) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
