Nasdaq-Traded AFC Gamma Reports 41 percent YoY Drop In Net Income, Plans To Be Pure-Play Cannabis Lender In 2024
| AFCG Stock | USD 9.73 0.09 0.93% |
Roughly 57% of all AFC Gamma's stockholders are looking to take a long position. The analysis of the overall investor sentiment regarding AFC Gamma suggests that some traders are interested. The current market sentiment, together with AFC Gamma's historical and current headlines, can help investors time the market. In addition, many technical investors use AFC Gamma stock news signals to limit their universe of possible portfolio assets.
AFC |
AFC Gamma Inc., a cannabis-focused commercial real estate finance company, released its financial results for the fourth quarter and fiscal year ending Dec. 31, 2023. The company reported a decline in net interest income to 64.2 million in 2023 compared to 74.7 million in 2022, with 16 million generated in the fourth quarter. Despite challenges in the cannabis industry, CEO Daniel Neville highlighted progress on portfolio management. Financial highlights for Q4 2023 included a GAAP net loss of 9.2 million and distributable earnings of 10 million. For FY 2023, GAAP net income was 21 million, down from 36 million in 2022. AFC Gamma distributed 9.8 million in dividends in Q4 and 40.9 million for the full year. The company aims to focus on being a pure-play cannabis lender in 2024, anticipating opportunities in the evolving cannabis industry for profitable capital deployment.
Read at benzinga.com
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AFC Gamma Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards AFC Gamma can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
AFC Gamma Fundamental Analysis
We analyze AFC Gamma's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AFC Gamma using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AFC Gamma based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Debt To Equity
Debt To Equity Comparative Analysis
AFC Gamma is currently under evaluation in debt to equity category among its peers. Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
AFC Gamma Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with AFC Gamma stock to make a market-neutral strategy. Peer analysis of AFC Gamma could also be used in its relative valuation, which is a method of valuing AFC Gamma by comparing valuation metrics with similar companies.
Peers
AFC Gamma Related Equities
| WY | Weyerhaeuser | 0.34 | ||||
| LAMR | Lamar Advertising | 0.30 | ||||
| HASI | Hannon Armstrong | 0.29 | ||||
| RYN | Rayonier | 0.16 | ||||
| OUT | Outfront Media | 0.05 | ||||
| PCH | PotlatchDeltic Corp | 0.02 | ||||
| GLPI | Gaming Leisure | 0.1 | ||||
| NLCP | Newlake Capital | 0.26 | ||||
| EPR | EPR Properties | 0.29 | ||||
| CCI | Crown Castle | 0.42 | ||||
| LAND | Gladstone Land | 0.50 | ||||
| SBAC | SBA Communications | 0.99 |
Complementary Tools for AFC Stock analysis
When running AFC Gamma's price analysis, check to measure AFC Gamma's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AFC Gamma is operating at the current time. Most of AFC Gamma's value examination focuses on studying past and present price action to predict the probability of AFC Gamma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AFC Gamma's price. Additionally, you may evaluate how the addition of AFC Gamma to your portfolios can decrease your overall portfolio volatility.
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