Franklin Resources, Inc. (NYSE:BEN) shares, rose in value on Friday, April 26, with the stock price up by 0.10% to the previous day’s close as strong demand from buyers drove the stock to $25.11.
Actively observing the price movement in the recent trading, the stock is buoying the session at $25.09. The PE ratio was 13.25 over 12-month period. Referring to stock’s 52-week performance, its high was $30.32, and the low was $21.88. On the whole, BEN has fluctuated by -9.10% over the past month.
The company’s Forward Dividend Ratio is 1.22, with its dividend yield at 4.86%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.63B, with a low estimate of 1.65B and a high estimate of 1.69B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.66B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BEN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.54, with the price of BEN currently trading nearly -4.06% and -6.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.01, while the 7-day volatility ratio is showing 1.73% which for the 30-day chart, stands at 2.13%. Furthermore, Franklin Resources, Inc. (BEN)’s beta value is 1.43, and its average true range (ATR) is 0.57.
A comparison of Franklin Resources, Inc. (BEN) with its peers suggests the former has fared considerably weaker in the market. BEN showed an intraday change of 0.10% in today’s session so far, and over the past year, it shrunk by -4.03%%.
Data on historical trading for Franklin Resources, Inc. (NYSE:BEN) indicates that the trading volumes over the past 3 months, they’ve averaged 3.53 million. According to company’s latest data on outstanding shares, there are 495.94 million shares outstanding.
Nearly 45.78% of Franklin Resources, Inc.’s shares belong to company insiders and institutional investors own 42.47% of the company’s shares. The stock has fallen by -15.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BEN stock heading into the next quarter.
