First American Financial Corp (NYSE:FAF) shares, rose in value, with the stock price down by -0.09% to the previous day’s close as strong demand from buyers drove the stock to $54.22.
Actively observing the price movement in the last trading, the stock closed the session at $54.27. The value of beta (5-year monthly) was 1.28 whereas the PE ratio was 26.03 over 12-month period. Referring to stock’s 52-week performance, its high was $65.54, and the low was $49.55. On the whole, FAF has fluctuated by -9.38% over the past month.
With the market capitalization of First American Financial Corp currently standing at about $5.59 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024. The company’s Forward Dividend Ratio is 2.11, with its dividend yield at 3.89%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.35B, with a low estimate of 1.61B and a high estimate of 1.68B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.64B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FAF’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell 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 0, with the price of FAF currently trading nearly -6.25% and -5.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.34, while the 7-day volatility ratio is showing 3.36% which for the 30-day chart, stands at 2.53%. Furthermore, First American Financial Corp (FAF)’s beta value is 1.29, and its average true range (ATR) is 1.64.
A comparison of First American Financial Corp (FAF) with its peers suggests the former has fared considerably weaker in the market. FAF showed an intraday change of -0.09% in last session, and over the past year, it shrunk by -1.95%%.
Data on historical trading for First American Financial Corp (NYSE:FAF) indicates that the trading volumes over the past 3 months, they’ve averaged 732.97K. According to company’s latest data on outstanding shares, there are 103.10 million shares outstanding.
Nearly 4.72% of First American Financial Corp’s shares belong to company insiders and institutional investors own 89.36% of the company’s shares. The stock has fallen by -15.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FAF stock heading into the next quarter.
