Don’t Let Recent momentum Confuse Your Outlook on First Community Corporation [FCCO]

First Community Corporation [FCCO] shares are down more than -20.76% this year and recently decreased 0.0% or $0.0 to settle at $17.20. FCCO has a short ratio of 4.90. This implies that the market is currently less bullish on the outlook for FCCO.

Analyst Birdseye View:

The most recent analyst activity for First Community Corporation [NASDAQ:FCCO] stock was on July 27, 2020, when it was Upgrade with an Outperform rating from Raymond James, which also raised its 12-month price target on the stock to $16. Before that, on October 19, 2020, Stephens Recapitulated an Equal-weight rating and elevated its amount target to $16. On June 09, 2020, DA Davidson Upgrade a Buy rating. On April 27, 2020, Hovde Group Upgrade an Outperform rating and decreased its price target from $18 to $17. On April 20, 2020, Stephens Initiated an Equal-weight rating and increased its price target to $16. On August 21, 2019, DA Davidson Initiated a Neutral rating. On January 19, 2017, Hovde Group Upgrade an Outperform rating and boosted its target amount on this stock from $20 to $21. Hovde Group elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $12.23 and a peak of $22.00. Right now, the middling Wall Street analyst 12-month amount mark is $16.75. At the most recent market close, shares of First Community Corporation [NASDAQ:FCCO] were valued at $17.20. According to the average price forecast, investors can expect a potential return of -3.46%.

FUNDAMENTAL ANALYSIS

First Community Corporation [NASDAQ:FCCO] most recently reported quarterly sales of 10.98 billion, which represented growth of 0.90%. This publicly-traded organization’s revenue is $225,818 per employee, while its income is $45,335 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.97, 9.43, 8.67 and 8.25 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 30.09 and the whole liability to whole assets at 4.41. It shows enduring liability to the whole principal at 10.43 and enduring liability to assets at 0.02 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 17.13 points at 1st support level, the second support level is making up to 17.06. But as of 1st resistance point, this stock is sitting at 17.34 and at 17.48 for 2nd resistance point.

First Community Corporation [FCCO] reported its earnings at $0.31 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.31/share signifying the difference of 0 and 0.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.3 calling estimates for $0.21/share with the difference of 0.09 depicting the surprise of 42.90%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.00, it’s amount to book ratio is 1.34 and showing 13.73 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Sosebee Jane S, Director, and it was the purchase of 95.0 shares on Oct 29. Sosebee Jane S, the Director, completed a purchase of 800.0 shares on Oct 27. On Aug 21, CRAPPS MICHAEL C, President and CEO, completed a purchase of 1901.0 shares.