Advanced Flower Capital Inc (NASDAQ: AFCG) is 13.13% higher on its value in year-to-date trading and has touched a low of $7.36 and a high of $10.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AFCG stock was last observed hovering at around $8.71 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $8.91, the stock is -4.95% and -7.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 2.30% at the moment leaves the stock -2.21% off its SMA200. AFCG registered 7.41% gain for a year compared to 6-month gain of 17.12%. The firm has a 50-day simple moving average (SMA 50) of $9.655 and a 200-day simple moving average (SMA200) of $9.1481695.
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The stock witnessed a -4.86% loss in the last 1 month and extending the period to 3 months gives it a -14.02%, and is -0.33% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.49% over the week and 2.59% over the month.
Current P/E ratio is 22.49 and Fwd P/E is 5.45. Profit margin for the company is 12.73%. Distance from 52-week low is 21.06% and -18.11% from its 52-week high. The company has generated returns on investments over the last 12 months (2.30%).
with sales reaching $12.07M over the same period.The EPS is expected to grow by 21.88% this year, but quarterly earnings will post -15.63% year-over-year. Quarterly sales are estimated to shrink -24.40% in year-over-year returns.
Advanced Flower Capital Inc (AFCG) Top Institutional Holders
124.0 institutions hold shares in Advanced Flower Capital Inc (AFCG), with institutional investors hold 44.41% of the company’s shares. The shares outstanding are 21.88M, and float is at 17.64M with Short Float at 2.72%. Institutions hold 36.49% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.43 million shares valued at $17.44 million. The investor’s holdings represent 7.0114% of the AFCG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.83 million shares valued at $10.12 million to account for 4.0678 of the shares outstanding. The other top investors are WASATCH ADVISORS LP which holds 0.64 million shares representing 3.1412% and valued at over $7.82 million, while TOROSO INVESTMENTS, LLC holds 2.1279 of the shares totaling 0.43 million with a market value of $5.29 million.
Advanced Flower Capital Inc (AFCG) Insider Activity
The most recent transaction is an insider purchase by TANNENBAUM LEONARD M, the company’s Executive Chairman; CIO. SEC filings show that TANNENBAUM LEONARD M bought 31,335 shares of the company’s common stock on Jun 05 ’24 at a price of $12.09 per share for a total of $0.38 million. Following the purchase, the insider now owns 3.78 million shares.
Advanced Flower Capital Inc disclosed in a document filed with the SEC on Jun 06 ’24 that TANNENBAUM LEONARD M (Executive Chairman; CIO) bought a total of 30,000 shares of the company’s common stock. The trade occurred on Jun 06 ’24 and was made at $11.95 per share for $0.36 million. Following the transaction, the insider now directly holds 0.16 million shares of the AFCG stock.
Still, SEC filings show that on Jun 06 ’24, TANNENBAUM LEONARD M (Executive Chairman; CIO) acquired 27,500 shares at an average price of $11.98 for $0.33 million. The insider now directly holds 3,803,473 shares of Advanced Flower Capital Inc (AFCG).
