Finance Of America Companies Inc. (NYSE:FOA) marked $1.40 per share on Wednesday, down from a previous closing price of $1.50. While Finance Of America Companies Inc. has underperformed by -6.67%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FOA fell by -70.71%, with highs and lows ranging from $5.01 to $1.20, whereas the simple moving average fell by -33.58% in the last 200 days.
Do You Own These 7 Inflation-Survival Stocks?
Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.
Click here to get your free copy of the report
On October 11, 2021, Morgan Stanley started tracking Finance Of America Companies Inc. (NYSE: FOA) recommending Equal-Weight. A report published by Goldman on August 19, 2021, Initiated its previous ‘Neutral’ rating for FOA. Credit Suisse also rated FOA shares as ‘Outperform’, setting a target price of $12 on the company’s shares in an initiating report dated June 17, 2021. Raymond James initiated its ‘Outperform’ rating for FOA, as published in its report on April 23, 2021.
Analysis of Finance Of America Companies Inc. (FOA)
Further, the quarter-over-quarter decrease in sales is -84.40%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Finance Of America Companies Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -146.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 150.45K can be a very valuable indicator of volatility for FOA stock. On a monthly basis, the volatility of the stock is set at 7.93%, whereas on a weekly basis, it is put at 6.21%, with a loss of -4.76% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.50, showing growth from the present price of $1.40, which can serve as yet another indication of whether FOA is worth investing in or should be passed over.
How Do You Analyze Finance Of America Companies Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 67.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in FOA shares?
The recent increase in stakes in FOA appears to be a result of several institutional investors and hedge funds increasing their positions. Omega Advisors, Inc.’s position in FOA has increased by 6.95% in the first quarter. The company now owns 5,065,000 shares of the stock, with a value of $8.15 million, following the purchase of 329,178 additional shares during the last quarter. Adage Capital Management LP made another increased to its shares in FOA during the first quarter, upping its stake by 1.11%. During the last quarter, the company picked up 33,433 additional shares for a total stake of worth $4.88 million, bringing number of shares owned by the company to 3,033,416.
During the first quarter, The Vanguard Group, Inc. added a 1,031,579 position in FOA. BlackRock Fund Advisors purchased an additional 7856.0 shares in the last quarter, increasing its holdings by 0.53%, now holding 1.48 million shares worth $2.39 million. At the end of the first quarter, Long Focus Capital Management LLC increased its FOA holdings by 16.74% and now holds 0.85 million FOA shares valued at $1.36 million with the added 0.12 million shares during the period. FOA shares are owned by institutional investors to the tune of 67.00% at present.