Currently, there are 414.93M common shares owned by the public and among those 302.04M shares have been available to trade.
The company’s stock has a 5-day price change of 24.40% and 15.08% over the past three months. FLG shares are trading 26.80% year to date (YTD), with the 12-month market performance down to -62.01% lower. It has a 12-month low price of $5.10 and touched a high of $21.54 over the same period. FLG has an average intraday trading volume of 6.10 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 23.25%, 15.61%, and 13.87% respectively.
Institutional ownership of Flagstar Financial Inc (NYSE: FLG) shares accounts for 56.56% of the company’s 414.93M shares outstanding.
It has a market capitalization of $4.91B and a beta (3y monthly) value of 1.10. The earnings-per-share (ttm) stands at -$3.69. The company has a debt-to-equity ratio at 1.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.36% over the week and 4.29% over the month.
Earnings per share for the fiscal year are expected to increase by 89.63%, and 283.00% over the next financial year.
Looking at the support for the FLG, a number of firms have released research notes about the stock. DA Davidson stated their Buy rating for the stock in a research note on January 31, 2025, with the firm’s price target at $12-$14.50. Barclays was of a view on September 26, 2024 that the stock is Overweight, while Wedbush gave the stock Neutral rating on May 01, 2024, issuing a price target of $3- $3.50. Piper Sandler on their part issued Overweight rating on May 01, 2024.
