Market Watch: Flagstar Financial Inc. (FLG)’s Noteworthy Gain, Closing at 10.61

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As of close of business last night, Flagstar Financial Inc.’s stock clocked out at $10.61, up 0.57% from its previous closing price of $10.55. In other words, the price has increased by $0.57 from its previous closing price. On the day, 8.1 million shares were traded. FLG stock price reached its highest trading level at $10.8 during the session, while it also had its lowest trading level at $10.28.

Ratios:

To gain a deeper understanding of FLG’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 2.37 whereas as Long-Term Debt/Eq ratio is at 2.37.

On May 01, 2024, Wedbush Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $3 to $3.50.

Piper Sandler Upgraded its Neutral to Overweight on May 01, 2024, while the target price for the stock was maintained at $4.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 21 ’24 when Lux Marshall bought 27,100 shares for $3.69 per share. The transaction valued at 99,891 led to the insider holds 64,872 shares of the business.

Signorille-Browne Julie bought 2,000 shares of FLG for $9,520 on Feb 09 ’24. The SEVP & COO now owns 22,188 shares after completing the transaction at $4.76 per share. On Feb 09 ’24, another insider, Davis Reginald E, who serves as the Sr EVP & President of Banking of the company, bought 1,200 shares for $4.10 each. As a result, the insider paid 4,920 and bolstered with 94,317 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 0.55.

Stock Price History:

Over the past 52 weeks, FLG has reached a high of $34.47, while it has fallen to a 52-week low of $5.10. The 50-Day Moving Average of the stock is -4.49%, while the 200-Day Moving Average is calculated to be -11.44%.

Shares Statistics:

It appears that FLG traded 6.29M shares on average per day over the past three months and 7129350 shares per day over the past ten days. A total of 415.26M shares are outstanding, with a floating share count of 302.28M. Insiders hold about 27.21% of the company’s shares, while institutions hold 43.57% stake in the company.

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