Let’s look at the key reasons that are pushing First Foundation Inc (FFWM) to new highs

A new trading day began on Monday, with First Foundation Inc (NYSE: FFWM) stock price down -3.58% from the previous day of trading, before settling in for the closing price of $6.71. FFWM’s price has ranged from $4.71 to $11.47 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 21.76%. Meanwhile, its annual earnings per share averaged -60.94%. With a float of $74.56 million, this company’s outstanding shares have now reached $82.35 million.

Considering the fact that the conglomerate employs 567 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 100.09%, operating margin of 15.84%, and the pretax margin is -12.54%.

First Foundation Inc (FFWM) 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 Banks – Regional Industry. The insider ownership of First Foundation Inc is 9.46%, while institutional ownership is 58.33%. The most recent insider transaction that took place on Feb 29 ’24, was worth 203,975. In this transaction Chairman of this company sold 25,000 shares at a rate of $8.16, taking the stock ownership to the 1,230,622 shares. Before that another transaction happened on Dec 15 ’23, when Company’s Chairman sold 30,000 for $8.90, making the entire transaction worth $266,940. This insider now owns 215,000 shares in total.

First Foundation Inc (FFWM) Recent Fiscal highlights

In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.05 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -60.94% per share during the next fiscal year.

First Foundation Inc (NYSE: FFWM) Trading Performance Indicators

Here are First Foundation Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.99.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.11, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.46 in one year’s time.

Technical Analysis of First Foundation Inc (FFWM)

Compared to the last year’s volume of 0.61 million, its volume of 0.65 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 3.29%. Additionally, its Average True Range was 0.34.

During the past 100 days, First Foundation Inc’s (FFWM) raw stochastic average was set at 54.33%, which indicates a significant increase from 2.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.08% in the past 14 days, which was lower than the 73.79% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $6.82, while its 200-day Moving Average is $6.83. Nevertheless, the first resistance level for the watch stands at $6.61 in the near term. At $6.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.84. If the price goes on to break the first support level at $6.38, it is likely to go to the next support level at $6.30. Now, if the price goes above the second support level, the third support stands at $6.15.

First Foundation Inc (NYSE: FFWM) Key Stats

With a market capitalization of 531.19 million, the company has a total of 67,852K Shares Outstanding. Currently, annual sales are 623,040 K while annual income is -199,060 K. The company’s previous quarter sales were 164,570 K while its latest quarter income was 3,090 K.