Technical Outlook And Game Plan For Flagstar Financial Inc (NYSE: FLG)

Flagstar Financial Inc (FLG) concluded trading on Thursday at a closing price of $10.78, with 3.37 million shares of worth about $36.31 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.25% during that period and on November 21, 2024 the price saw a gain of about 0.19%. Currently the company’s common shares owned by public are about 415.12M shares, out of which, 302.17M shares are available for trading.

Stock saw a price change of -0.28% in past 5 days and over the past one month there was a price change of -8.72%. Year-to-date (YTD), FLG shares are showing a performance of -64.87% which decreased to -60.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.10 but also hit the highest price of $34.47 during that period. The average intraday trading volume for Flagstar Financial Inc shares is 6.19 million. The stock is currently trading 0.03% above its 20-day simple moving average (SMA20), while that difference is down -3.40% for SMA50 and it goes to 1.28% higher than SMA200.

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Flagstar Financial Inc (NYSE: FLG) currently have 415.12M outstanding shares and institutions hold larger chunk of about 56.25% of that.

The stock has a current market capitalization of $113.89M and its 3Y-monthly beta is at 1.01. It has posted earnings per share of -$14.47 in the same period. It has a debt-to-equity ratio of 2.43. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FLG, volatility over the week remained 3.49% while standing at 5.24% over the month.

Stock’s fiscal year EPS is expected to drop by -136.43% while it is estimated to increase by 90.44% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on September 26, 2024 offering an Overweight rating for the stock and assigned a target price of $14 to it. Coverage by Wedbush stated Flagstar Financial Inc (FLG) stock as a Neutral in their note to investors on May 01, 2024, suggesting a price target of $3.50 for the stock. On May 01, 2024, Piper Sandler Upgrade their recommendations, while on March 18, 2024, Raymond James Downgrade their ratings for the stock with a price target of $3. Stock get an Equal weight rating from Barclays on March 08, 2024.

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