Let’s look at the key reasons that are pushing Franklin Street Properties Corp. (FSP) to new highs

A new trading day began on Tuesday, with Franklin Street Properties Corp. (AMEX: FSP) stock price up 10.70% from the previous day of trading, before settling in for the closing price of $1.87. FSP’s price has ranged from $1.12 to $2.72 over the past 52 weeks.

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Real Estate Sector giant saw their annual sales slid by -10.97% over the last five years. Meanwhile, its annual earnings per share averaged 40.43%. With a float of $81.27 million, this company’s outstanding shares have now reached $103.43 million.

The firm has a total of 28 workers. Let’s measure their productivity.

Franklin Street Properties Corp. (FSP) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Office Industry. The insider ownership of Franklin Street Properties Corp. is 21.43%, while institutional ownership is 57.48%. The most recent insider transaction that took place on Mar 04 ’24, was worth 116,320. In this transaction Director of this company bought 50,000 shares at a rate of $2.33, taking the stock ownership to the 1,191,656 shares. Before that another transaction happened on Nov 13 ’23, when Company’s Director bought 40,000 for $2.09, making the entire transaction worth $83,732. This insider now owns 1,141,656 shares in total.

Franklin Street Properties Corp. (FSP) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 40.43% per share during the next fiscal year.

Franklin Street Properties Corp. (AMEX: FSP) Trading Performance Indicators

Here are Franklin Street Properties Corp.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.43.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.47, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.32 in one year’s time.

Technical Analysis of Franklin Street Properties Corp. (FSP)

Analysing the last 5-days average volume posted by the [Franklin Street Properties Corp., FSP], we can find that recorded value of 0.39 million was lower than the volume posted last year of 0.53 million. As of the previous 9 days, the stock’s Stochastic %D was 30.45%. Additionally, its Average True Range was 0.08.

During the past 100 days, Franklin Street Properties Corp.’s (FSP) raw stochastic average was set at 25.29%, which indicates a significant decrease from 62.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.82% in the past 14 days, which was higher than the 36.77% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.2000, while its 200-day Moving Average is $2.1100. Now, the first resistance to watch is $2.1300. This is followed by the second major resistance level at $2.1900. The third major resistance level sits at $2.3100. If the price goes on to break the first support level at $1.9500, it is likely to go to the next support level at $1.8300. Now, if the price goes above the second support level, the third support stands at $1.7700.

Franklin Street Properties Corp. (AMEX: FSP) Key Stats

With a market capitalization of 214.10 million, the company has a total of 103,430K Shares Outstanding. Currently, annual sales are 145,710 K while annual income is -48,110 K. The company’s previous quarter sales were 34,770 K while its latest quarter income was 3,580 K.