FaZe Holdings Inc. (NASDAQ: FAZE) stock jumped 0.86% on Monday to $1.00 against a previous-day closing price of $0.99. With 1.36 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.22 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $1.0500 whereas the lowest price it dropped to was $0.9500. The 52-week range on FAZE shows that it touched its highest point at $24.69 and its lowest point at $0.92 during that stretch.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FAZE was down-trending over the past week, with a drop of -39.76%, but this was down by -45.05% over a month. Three-month performance dropped to -74.55% while six-month performance fell -89.56%. The stock lost -89.97% in the past year, while it has lost -45.95% so far this year.
Float and Shares Shorts:
At present, 72.51 million FAZE shares are outstanding with a float of 34.93 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.3 million, which was 1.79% higher than short shares on Sep 14, 2022. In addition to Mr. Lee Trink Ph.D. as the firm’s Co-Founder, CEO & Director, Mr. Kainoa Henry serves as its Chief Strategy Officer.
Through their ownership of 33.65% of FAZE’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 31.75% of FAZE, in contrast to 18.07% held by mutual funds. Shares owned by individuals account for 1.15%. As the largest shareholder in FAZE with 15.21% of the stake, B. Riley Capital Management LLC holds 11,028,151 shares worth 11,028,151. A second-largest stockholder of FAZE, Geode Capital Management LLC, holds 348,301 shares, controlling over 0.48% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in FAZE, holding 341,790 shares or 0.47% stake. With a 0.47% stake in FAZE, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 342,307 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.17% of FAZE stock, is the second-largest Mutual Fund holder. It holds 124,886 shares valued at 0.23 million. Lyxor Newcits IRL Plc – Tiedemann holds 0.15% of the stake in FAZE, owning 111,871 shares worth 0.21 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FAZE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded FAZE stock several times over the past three months with 12 Buys and 6 Sells. In these transactions, 861,667 shares were bought while 4,372,500 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 30,619,393 while 4,372,500 shares were sold.