First Foundation Inc’s recent filing unveils that its Affiliate KAVANAUGH SCOTT F acquired Company’s shares for reported $4.18 million on Dec 18 ’24. In the deal valued at $6.58 per share,636,160 shares were bought.
DA Davidson upgraded its First Foundation Inc [FFWM] rating to a Buy from a a Neutral in a research note published on July 03, 2024; the price target was increased to $9 from $8. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in early July from “an Overweight” to “an Equal-weight”. Raymond James also remained covering FFWM and has decreased its forecast on July 03, 2024 with a “Mkt perform” recommendation from previously “Strong buy” rating. Raymond James revised its rating on January 05, 2024. It rated FFWM as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of FFWM
On Monday, First Foundation Inc [NYSE:FFWM] saw its stock fall -1.00% to $4.93. Over the last five days, the stock has gained 6.25%. First Foundation Inc shares have fallen nearly -20.61% since the year began. Nevertheless, the stocks have fallen -22.24% over the past one year. While a 52-week high of $8.52 was reached on 01/29/25, a 52-week low of $4.41 was recorded on 04/09/25. SMA at 50 days reached $4.96, while 200 days put it at $6.24.
Levels Of Support And Resistance For FFWM Stock
The 24-hour chart illustrates a support level at 4.85, which if violated will result in even more drops to 4.77. On the upside, there is a resistance level at 5.03. A further resistance level may holdings at 5.13. The Relative Strength Index (RSI) on the 14-day chart is 50.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.07%. Stochastics %K at 57.42% indicates the stock is a holding.
How much short interest is there in First Foundation Inc?
A steep rise in short interest was recorded in First Foundation Inc stocks on 2025-03-31, growing by 0.74 million shares to a total of 3.33 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 2.59 million shares. There was a rise of 22.14%, which implies that there is a positive sentiment for the stock.
