BANX Stock Summary and Trading Ideas (Stonecastle Financial | NASDAQ:BANX)

StoneCastle Financial Corp is a non-diversified, closed-end management investment company. Its objective is to provide stockholders with current income, and to a lesser extent capital appreciation. The company's investment in various portfolios such as debt securities, trust preferred securities, preferred shares of credit securitization, preferred securities, convertible preferred stock, exchange-traded fund, limited partnership interest, and money market fund.

Stonecastle Financial trades on the NASDAQ stock market under the symbol BANX.

As of April 19, 2024, BANX stock price climbed to $18.32 with 5,508 million shares trading.

BANX has a market cap of $120.23 million. This is considered a Micro Cap stock.

In the last 3 years, BANX stock traded as high as $24.19 and as low as $13.80.

BANX stock has underperformed the market in the last year with a return of +14.3%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BANX shares. However, BANX has outperformed the market in the last 3 month and 2 week periods, returning +4.3% and -1.7%, while SPY returned +4.3% and -3.5%, respectively. This indicates BANX has been having a stronger performance recently.

BANX support price is $17.85 and resistance is $18.42 (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 BANX stock will trade within this expected range on the day.