First Of Long Island Corp. (NASDAQ: FLIC) – Time For Strategy Change?

First Of Long Island Corp. (NASDAQ:FLIC) currently has a daily average trading volume of 127.09K but it saw 631841 shares traded in last market. With a market cap of 289.51M USD, the company’s current market price of $12.85 came rising about 2.80 while comparing to the previous closing price of $12.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.95 and as low as $9.30. In the recent trading on the day, stock has struck highest price mark of $12.51 while lowest mark touched by it was $12.905.

Taking a look at 20-day trading activity of First Of Long Island Corp. (FLIC) gives us an average price of $12.36, while its current price level is -7.89% below from 52-week high level whereas it is 38.17% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $11.84 while that of 200 days or SMA-200 reads an average of $11.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.17% during that period while stretching the period over a month that increases to 2.43%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.79 which implies that the stock is in neutral territory.

Boenning & Scattergood upgraded its recommendation for the stock as a “Outperform” from “Neutral” on December 16, 2020 while assigning a price target of $21. Piper Sandler issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $16 and $19.

Over the week, FLIC’s stock price is moving 1.58% up while it is 10.11% when we observe its performance for the past one month. Year-to-date it is -2.95% down and over the past year, the stock is showing a downside performance of -1.53%.

Currently, First Of Long Island Corp.’s total number of outstanding shares is 22.59M. Company’s return on investment (ROI) stands at 2.66% and return on equity (ROE) at 5.95%. It has a price to earnings ratio (P/E ratio) of 13.17 while having a 10.62 of forward P/E ratio. Stock’s beta reads 0.68. Stock has a price to book (P/B) ratio of 0.77 while price to sale or P/S ratio amounts to 1.65. Its return on asset (ROA) is 0.52% on average.