Ambac Financial Group Inc. (NYSE: AMBC) on January 24, 2023, started off the session at the price of $17.17, soaring 0.87% from the previous trading day. During the day, the shares moved up to $17.40 and dropped to $17.10 before settling in for the closing price of $17.24. Within the past 52 weeks, AMBC’s price has moved between $7.24 and $17.59.
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It was noted that within the last five years, the titan of the Financial sector saw sales slided by -13.50%. The company achieved an average annual earnings per share of 93.60%. With a float of $44.12 million, this company’s outstanding shares have now reached $45.31 million.
The extent of productivity of a business whose workforce counts for 132 workers is very important to gauge.
Ambac Financial Group Inc. (AMBC) Insider Updates
Observing investor behavior towards Insurance – Specialty industry stocks is more important than anything else. The insider ownership of Ambac Financial Group Inc. is 1.94%, while institutional ownership is 72.30%. The most recent insider transaction that took place on May 20, was worth 10,050. In this transaction Senior Managing Director of this company bought 1,000 shares at a rate of $10.05, taking the stock ownership to the 56,183 shares. Before that another transaction happened on May 13, when Company’s Director bought 5,004 for $8.45, making the entire transaction worth $42,284. This insider now owns 65,000 shares in total.
Ambac Financial Group Inc. (AMBC) Performance Highlights and Predictions
As on 9/29/2022, Multinational firm has announced its last quarter scores, in which it reported $7.37 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.72) by $8.09. This company achieved a net margin of -9.93 while generating a return on equity of -2.64. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.41 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 93.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.00% during the next five years compared to -18.80% drop over the previous five years of trading.
Ambac Financial Group Inc. (NYSE: AMBC) Trading Performance Indicators
Ambac Financial Group Inc. (AMBC) is currently performing well based on its current performance indicators. A price to sales ratio for the trailing twelve months stands at 2.87. Likewise, its price to free cash flow for the trailing twelve months is 11.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.16, a number that is poised to hit 0.88 in the next quarter and is forecasted to reach -1.40 in one year’s time.
Technical Analysis of Ambac Financial Group Inc. (AMBC)
The latest stats from [Ambac Financial Group Inc., AMBC] show that its last 5-days average volume of 0.65 million was superior to 0.44 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 95.61%. Additionally, its Average True Range was 0.41.
During the past 100 days, Ambac Financial Group Inc.’s (AMBC) raw stochastic average was set at 96.40%, which indicates a significant decrease from 98.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.39% in the past 14 days, which was lower than the 43.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.20, while its 200-day Moving Average is $12.96. Now, the first resistance to watch is $17.49. This is followed by the second major resistance level at $17.60. The third major resistance level sits at $17.79. If the price goes on to break the first support level at $17.19, it is likely to go to the next support level at $17.00. Assuming the price breaks the second support level, the third support level stands at $16.89.
Ambac Financial Group Inc. (NYSE: AMBC) Key Stats
Market capitalization of the company is 764.46 million based on 44,971K outstanding shares. Right now, sales total 282,000 K and income totals -17,000 K. The company made 80,000 K in profit during its latest quarter, and 340,000 K in sales during its previous quarter.