Focus Financial Partners Inc. (NASDAQ:FOCS) currently has a daily average trading volume of 322.95K but it saw 321319 shares traded on Wednesday. With a market cap of 3.00B USD, stock’s current market price of $38.72 came rising about 0.41 while comparing to the previous closing price of $38.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $67.76 and as low as $30.27. In the recent trading on the day, stock has struck highest price mark of $39.23 while lowest mark touched by it was $37.71.
Taking a look at 20-day trading activity of Focus Financial Partners Inc. (FOCS) gives us an average price of $36.22, while its current price level is -42.86% below from 52-week high level whereas it is 27.92% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $34.30 while that of 200 days or SMA-200 reads an average of $39.25. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.41% during that period while stretching the period over a month that increases to 4.37%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.35 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 10 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 8 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Strong Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Morgan Stanley which initiated the stock as “Underweight” in its note to investors issued on September 20, 2022, recommending a price target of $37 for it. Goldman upgraded its recommendation for the stock as a “Buy” from “Neutral” on June 30, 2020 while assigning a price target range of $24-$36. Credit Suisse also issued its recommendations for the stock as it initiated the price target for the stock is $39.
Over the week, FOCS’s stock price is moving -0.49% down while it is 16.84% when we observe its performance for the past one month. Year-to-date it is -35.16% down and over the past year, the stock is showing a downside performance of -42.57%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of $1.18 beat the consensus estimate of $1.1 for the same. The company is expected to be releasing its next quarterly report in 02/16/2023, for which analysts forecasted an EPS of $1.01 while estimate for next year EPS is $4.38. For FOCS, analysts are forecasting an EPS-growth rate of 11.70% for current year and estimate for EPS growth in next year is 3.20%. In next quarter, company is expected to be making quarterly sales of $528.9 million as analysts are expecting the sales for current fiscal year at $2.11 billion and seeing the company making $2.36 billion in sales next year. Moreover, analysts are in estimates of $503.4 million for current-quarter revenue.
Currently, Focus Financial Partners Inc.’s total number of outstanding shares is 65.60M with 0.03% of that held by the insiders while 101.13% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.50% and return on equity (ROE) at 10.20%. It has a price to earnings ratio (P/E ratio) of 25.59 while having a 9.07 of forward P/E ratio. Stock’s beta reads 1.34. Stock has a price to book (P/B) ratio of 2.40 while price to sale or P/S ratio amounts to 1.42. Its return on asset (ROA) is 2.10% on average.
As per SEC documents, American Funds Small Cap World Fu shunned 2,549,002 of company’s common stock of worth $88.68 million as per recent closing price of the stock. American Funds Small Cap World Fu is not the only institutional holder which restructured its stake in Focus Financial Partners Inc., as American Funds Growth Fund of Ame dumped 2,175,948 shares of worth $75.7 million to bring its holdings to a total of 2052.0 shares. In the most recent quarter, JPMorgan Small Cap Equity Fund came rising its stake by 0.49% in the company and now holds 1.75 million or 2.68% of the company’s stake having worth of about 60.92 million.