Flagstar Financial Inc (NYSE: FLG) – Not A Clear Buying Opportunity?

Flagstar Financial Inc (FLG) concluded trading on Wednesday at a closing price of $12.29, with 3.93 million shares of worth about $48.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.62% during that period and on Wednesday the price saw a gain of about 2.85%. Currently the company’s common shares owned by public are about 414.93M shares, out of which, 299.21M shares are available for trading.

Stock saw a price change of 5.40% in past 5 days and over the past one month there was a price change of -5.24%. Year-to-date (YTD), FLG shares are showing a performance of 31.73% which increased to 5.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.86 but also hit the highest price of $13.35 during that period. The average intraday trading volume for Flagstar Financial Inc shares is 6.47 million. The stock is currently trading 3.82% above its 20-day simple moving average (SMA20), while that difference is up 9.68% for SMA50 and it goes to 14.53% higher than SMA200.

Flagstar Financial Inc (NYSE: FLG) currently have 414.93M outstanding shares and institutions hold larger chunk of about 59.52% of that.

The stock has a current market capitalization of $5.10B and its 3Y-monthly beta is at 1.14. It has posted earnings per share of -$3.75 in the same period. It has a debt-to-equity ratio of 1.82. 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 3.59% while standing at 4.72% over the month.

Stock’s fiscal year EPS is expected to rise by 89.86% while it is estimated to increase by 295.81% 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 DA Davidson on January 31, 2025 offering a Buy rating for the stock and assigned a target price range of between $12 and $14.50 to it. On September 26, 2024, Barclays Upgrade their recommendations, while on May 01, 2024, Wedbush Upgrade their ratings for the stock with a price target of $3.50. Stock get an Overweight rating from Piper Sandler on May 01, 2024.

Most Popular

Related Posts