Falcon Minerals Corporation (NASDAQ:FLMN)’s traded shares stood at 0.56 million during the last session, with the company’s beta value hitting 1.72. At the close of trading, the stock’s price was $5.50, to imply an increase of 1.29% or $0.07 in intraday trading. The FLMN share’s 52-week high remains $5.66, putting it -2.91% down since that peak but still an impressive 66.91% since price per share fell to its 52-week low of $1.82. The company has a valuation of $444.40M, with an average of 0.88 million shares in intraday trading volume over the past 10 days and average of 366.35K shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Falcon Minerals Corporation (FLMN), translating to a mean rating of 1.90. Of 7 analyst(s) looking at the stock, 0 analyst(s) give FLMN a Sell rating. 1 of those analysts rate the stock as Overweight while 2 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.08.
Falcon Minerals Corporation (NASDAQ:FLMN) trade information
After registering a 1.29% upside in the last session, Falcon Minerals Corporation (FLMN) has traded red over the past five days. The stock hit a weekly high of 5.66 this Friday, 10/08/21, jumping 1.29% in its intraday price action. The 5-day price performance for the stock is 9.56%, and 24.15% over 30 days. With these gigs, the year-to-date price performance is 74.60%. Short interest in Falcon Minerals Corporation (NASDAQ:FLMN) saw shorts transact 0.55 million shares and set a 1.82 days time to cover.
Falcon Minerals Corporation (FLMN) estimates and forecasts
Looking at statistics comparing Falcon Minerals Corporation share performance against respective industry, we note that the company has outperformed competitors. Falcon Minerals Corporation (FLMN) shares are 23.32% up over the last 6 months, with its year-to-date growth rate higher than industry average at 380.00% against 26.60%. Revenue is forecast to grow 700.00% this quarter before jumping 800.00% for the next one. The rating firms project that company’s revenue will grow 76.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is $19.92 million. Meanwhile, for the quarter ending Dec 2021, a total of 6 analyst(s) estimate revenue growth to $20.09 million.Earnings reports from the last fiscal year show that sales brought in $9.67 million and $10.23 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 106.00% before jumping 96.30% in the following quarter.
Falcon Minerals Corporation has its next earnings report out on May 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Falcon Minerals Corporation has a forward dividend ratio of 0.60, with the share yield ticking at 10.91% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Falcon Minerals Corporation (NASDAQ:FLMN)’s Major holders
Falcon Minerals Corporation insiders hold 15.86% of total outstanding shares, with institutional holders owning 62.99% of the shares at 74.86% float percentage. In total, 62.99% institutions holds shares in the company, led by Freestone Capital Holdings, LLC. As of Jun 29, 2021, the company held over 3.44 million shares (or 7.42% of shares), all amounting to roughly $17.46 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 3.29 million shares, or about 7.11% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $16.73 million.
We also have iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Falcon Minerals Corporation (FLMN) shares. Going by data provided on Jun 29, 2021, iShares Russell 2000 ETF holds roughly 1.03 million shares. This is just over 2.23% of the total shares, with a market valuation of $5.25 million. Data from the same date shows that the other fund manager holds a little less at 1.0 million, or 2.17% of the shares, all valued at about 5.1 million.