AFC Gamma (NASDAQ:AFCG) Stock Price Down 0.4% – Should You Sell?

AFC Gamma Inc. (NASDAQ:AFCG)’s stock price dropped 0.4% during trading on Monday . The company traded as low as $2.43 and last traded at $2.50. Approximately 108,849 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 509,362 shares. The stock had previously closed at $2.51.

Analyst Ratings Changes

AFCG has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of AFC Gamma in a research report on Wednesday, January 21st. Zacks Research raised shares of AFC Gamma to a “hold” rating in a research report on Thursday, November 13th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $5.75.

AFC Gamma Stock Performance

The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $56.48 million, a PE ratio of -2.40 and a beta of 1.03. The business has a 50 day simple moving average of $2.83 and a 200 day simple moving average of $3.62.

AFC Gamma (NASDAQ:AFCG) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of ($3.18) million for the quarter, compared to analyst estimates of $6.55 million. AFC Gamma had a negative net margin of 70.46% and a positive return on equity of 8.45%. Equities research analysts predict that AFC Gamma Inc. will post 1.64 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Leonard M. Tannenbaum acquired 46,000 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was acquired at an average cost of $2.94 per share, for a total transaction of $135,240.00. Following the completion of the purchase, the director owned 5,792,098 shares of the company’s stock, valued at approximately $17,028,768.12. This represents a 0.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel Neville bought 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average cost of $2.81 per share, for a total transaction of $47,770.00. Following the completion of the transaction, the chief executive officer owned 226,649 shares in the company, valued at $636,883.69. This trade represents a 8.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 186,000 shares of company stock valued at $542,910. Corporate insiders own 25.10% of the company’s stock.

AFC Gamma Company Profile

AFC Gamma, Inc is a specialty finance real estate investment trust that focuses on providing structured financing solutions to companies operating and developing digital infrastructure and life science real estate assets. As a REIT, AFC Gamma seeks to generate attractive risk-adjusted returns through a diversified portfolio of loans, preferred equity and other financing structures that are secured by tangible property collateral or contractual revenue streams.

The company’s primary business activities include originating, acquiring and managing secured loans and equity investments that support wireless and broadband network deployment, data center expansion, and life sciences facility development.