First Foundation Inc (NYSE:FFWM) price on Friday, March 21, rose 0.21% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.83.
A look at the stock’s price movement, the close in the last trading session was $4.82, moving within a range at $4.69 and $4.89. The beta value (5-Year monthly) was 1.36. Turning to its 52-week performance, $8.52 and $4.52 were the 52-week high and 52-week low respectively. Overall, FFWM moved -6.58% over the past month.
First Foundation Inc’s market cap currently stands at around $397.82 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-29. The company has a Forward Dividend ratio of 0.01, with its dividend yield at 0.21%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 64.13M for the company’s revenue for the quarter, with a low and high estimate of 62M and 66.6M respectively. The average forecast suggests up to a 25.57% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 279.95M, representing a 19.49% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FFWM is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 0 recommend FFWM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FFWM’s current price about -1.07% and -9.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.66, while 7-day volatility ratio is 3.25% and 3.65% in the 30-day chart. Further, First Foundation Inc (FFWM) has a beta value of 1.24, and an average true range (ATR) of 0.20. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $5 and high of $12. Looking at the price targets, the low is -3.52% off current price level while to achieve the yearly target high, price needs to move -148.45%. Nonetheless, investors will most likely welcome a -86.34% jump to $9 which is the analysts’ median price.
If we refocus on First Foundation Inc (NYSE:FFWM), historical trading data shows that trading volumes averaged 0.61 over the past 10 days and 526.27K over the past 3 months. The company’s latest data on shares outstanding shows there are 82.37 million shares.
The 13.38% of First Foundation Inc’s shares are in the hands of company insiders while institutional holders own 77.18% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.59 million on 2025-02-28, giving us a short ratio of 4.62. The data shows that as of 2025-02-28 short interest in First Foundation Inc (FFWM) stood at 335.0 of shares outstanding, with shares short rising to 2.24 million registered in 2025-01-31. Current price change has pushed the stock -22.22% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FFWM stock continues to rise going into the next quarter.
