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- First Republic Bank Inc.’s current price is $3.51.
- First Republic Bank Inc.’s (FRC) stock has a P/E ratio of 0.83.
- FRC stock’s live market cap is $22.3 Million
First Republic Bank Inc. (FRC) is a bank that engages in providing banking and financial services.
First Republic Bank Inc. (FRC) stock is trading in a downward momentum. The price of FRC stock is forming a lower-low pattern. The price of FRC stock is developing a bearish pattern.
Financial Data of First Republic Bank (NYSE: FRC)
The revenue of First Republic Bank (FRC) stock is $1437 Million for Q4 2022 and the market cap of the stock is $22.3 Million. The FRC stock has a market price of $3.51 which decreased by 43.3% on 5 September 2023. The stock has a beta of 0.90 and an EPS of $7.53 per share.
The 24-hour average volume of the First Republic Bank (FRC) stock is $176.8 Million. The 52-week high of the FRC is $171.09 and the 52-week low is $2.99. T Price has made a high of $222.8 and after this the price started declining. The price fell by almost 98.7%.
The price of the First Republic Bank stock decreased by 98% in the last 6 weeks which represents how the stock is currently in an downtrend.
The quarterly profit margin of the FRC stock is declining along with the net income.
As per the data the estimated earnings for the Q2 and Q3 2023 are forecasted to be decreasing. This indicates that the overall financials are weak for the FRC stock.
First Republic Bank (FRC) Technical Analysis
EMA
First Republic Bank’s stock price is trading below the 50-day and 100-day EMA levels. The FRC stock price is currently weak. This is a bearish indication for FRC stock, indicating the price will decline.
MACD
The MACD line for the FRC stock is trading below the signal line. Also, there is a red histogram formation in the FRC stock. This suggests that the stock is currently bearish and prices may fall in the next few days.
RSI
The RSI line for the FRC stock is trading below the SMA line. This is a bearish sign. The stock is weak and the price is likely to fall in the upcoming days.
Conclusion
First Republic Bank (FRC) stock is downtrend momentum. The price has shown a sharp fall of around 98% in just 6 weeks. The earnings are expected to be in negative figures in the upcoming time. The indicators are also negative for the FRC stock.
Therefore, it indicates that the FRC price is likely to fall in the future as the overall pattern is weak.
Technical Levels
- Support Level: $0.95
- Resistance Level: $16
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.
