Advanced Flower Capital Inc (NASDAQ: AFCG) is -18.85% lower on its value in year-to-date trading and has touched a low of $7.64 and a high of $10.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AFCG stock was last observed hovering at around $8.49 in the last trading session, with the day’s loss setting it -1.73%.
Currently trading at $6.76, the stock is -19.24% and -19.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing -20.38% at the moment leaves the stock -26.12% off its SMA200. AFCG registered -18.00% loss for a year compared to 6-month loss of -32.94%. The firm has a 50-day simple moving average (SMA 50) of $8.3702 and a 200-day simple moving average (SMA200) of $9.164497.
The stock witnessed a -21.67% gain in the last 1 month and extending the period to 3 months gives it a -28.92%, and is -19.52% 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 6.99% over the week and 3.93% over the month.
Current P/E ratio is 17.06 and Fwd P/E is 4.23. Profit margin for the company is 12.73%. Distance from 52-week low is -11.51% and -37.87% from its 52-week high. The company has generated returns on investments over the last 12 months (2.30%).
The EPS is expected to shrink by -10.28% this year
123.0 institutions hold shares in Advanced Flower Capital Inc (AFCG), with institutional investors hold 42.85% of the company’s shares. The shares outstanding are 21.88M, and float is at 17.42M with Short Float at 3.24%. Institutions hold 34.62% 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 WASATCH ADVISORS LP with 0.64 million shares valued at $7.82 million to account for 4.5879 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.83 million shares representing 4.0678 and valued at over $10.12 million, while TOROSO INVESTMENTS, LLC holds 3.1079 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).
