First Foundation Inc (NYSE: FFWM) stock enjoyed a major increase of 11.0% on 7/16/24. The shares closed at $6.27. Moreover, this advance was accompanied by unusually high trading volume at 186% of normal. The stock has been weak relative to the market over the last nine months but has risen 21.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, FFWM is expected to be a modest Value Builder.
First Foundation has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. First Foundation has a very high Appreciation Score of 94 but a poor Power Rating of 17, and the Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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