AFCG Stock Summary and Trading Ideas (Afc Gamma | NASDAQ:AFCG)

AFC Gamma Inc is a commercial real estate finance company. The company originates, structures, underwrites, and manages senior secured loans and other types of loans for established cannabis industry operators in states that have legalized medicinal and/or adult-use cannabis.

Afc Gamma trades on the NASDAQ stock market under the symbol AFCG.

As of April 19, 2024, AFCG stock price climbed to $11.65 with 181,191 million shares trading.

AFCG has a beta of 1.10, meaning it tends to be more sensitive to market movements. AFCG has a correlation of 0.22 to the broad based SPY ETF.

AFCG has a market cap of $240.77 million. This is considered a Small Cap stock.

Last quarter Afc Gamma reported $16 million in Revenue and $.49 earnings per share. This beat revenue expectation by $183,000 and missed earnings estimates by -$.01.

In the last 3 years, AFCG stock traded as high as $25.50 and as low as $9.91.

The top ETF exchange traded funds that AFCG belongs to (by Net Assets): MJ, VTI, IWM, VXF, REM.

AFCG has underperformed the market in the last year with a return of +14.7%, while the SPY ETF gained +21.2%. In the last 3 month period, AFCG fell short of the market, returning +2.5%, while SPY returned +3.0%. However, in the most recent 2 weeks AFCG has outperformed the stock market by returning -2.8%, while SPY returned -4.5%.

AFCG support price is $11.20 and resistance is $11.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AFCG stock will trade within this expected range on the day.