Stocks of Flagstar Financial Inc (NYSE:FLG) traded higher last session on Wall Street, up 8.53% to $11.70.
FLG stock price is now 4.64% away from the 50-day moving average and 9.97% away from the 200-day moving average. The market capitalization of the company currently stands at $123.95M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $14, Barclays recently Upgraded its rating from Equal Weight to Overweight for Flagstar Financial Inc (NYSE: FLG). On May 01, 2024, Wedbush Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $3 to quote $3.50, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Lux Marshall, Director bought 27,100 shares of the company’s stock on Mar 21 ’24. The stock was bought for $99,891 at an average price of $3.69. Upon completion of the transaction, the Director now directly owns 64,872 shares in the company, valued at $0.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, SEVP & COO Signorille-Browne Julie bought 2,000 shares of the business’s stock. A total of $9,520 was incurred on buying the stock at an average price of $4.76. This leaves the insider owning 22,188 shares of the company worth $0.26 million. A total of 27.21% of the company’s stock is owned by insiders.
During the past 12 months, Flagstar Financial Inc has had a low of $5.10 and a high of $34.47. The fifty day moving average price for FLG is $11.1814 and a two-hundred day moving average price translates $10.6392 for the stock.
The latest earnings results from Flagstar Financial Inc (NYSE: FLG) was released for 2024-09-30. The net profit margin was -56.90% and return on equity was -36.96% for FLG. The company reported revenue of $1.53 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.46 percent.
