On Friday, AMBAC Financial Group Inc. (NYSE: AMBC) was 0.25% up from the session before settling in for the closing price of $11.97. A 52-week range for AMBC has been $10.12 – $18.45.
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A company in the Financial sector has jumped its sales by 2.77% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -48.97%. With a float of $42.52 million, this company’s outstanding shares have now reached $45.20 million.
In an organization with 178 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 99.44%, operating margin of 33.33%, and the pretax margin is 22.97%.
AMBAC Financial Group Inc. (AMBC) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward AMBAC Financial Group Inc. stocks. The insider ownership of AMBAC Financial Group Inc. is 10.38%, while institutional ownership is 82.45%. The most recent insider transaction that took place on Sep 27 ’24, was worth 70,308. In this transaction Director of this company bought 6,300 shares at a rate of $11.16, taking the stock ownership to the 9,000 shares. Before that another transaction happened on Sep 26 ’24, when Company’s Director bought 2,700 for $11.27, making the entire transaction worth $30,429. This insider now owns 2,700 shares in total.
AMBAC Financial Group Inc. (AMBC) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 2 earnings per share (EPS) during the time that was better than consensus figure (set at -0.18) by 2.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -48.97% 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 -46.68% drop over the previous five years of trading.
AMBAC Financial Group Inc. (NYSE: AMBC) Trading Performance Indicators
You can see what AMBAC Financial Group Inc. (AMBC) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.59. Likewise, its price to free cash flow for the trailing twelve months is 4.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.58, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.07 in one year’s time.
Technical Analysis of AMBAC Financial Group Inc. (AMBC)
Let’s dig in a bit further. During the last 5-days, its volume was 0.48 million. That was better than the volume of 0.45 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 89.19%. Additionally, its Average True Range was 0.34.
During the past 100 days, AMBAC Financial Group Inc.’s (AMBC) raw stochastic average was set at 22.71%, which indicates a significant decrease from 86.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.67% in the past 14 days, which was lower than the 48.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.26, while its 200-day Moving Average is $13.99. However, in the short run, AMBAC Financial Group Inc.’s stock first resistance to watch stands at $12.19. Second resistance stands at $12.38. The third major resistance level sits at $12.57. If the price goes on to break the first support level at $11.81, it is likely to go to the next support level at $11.62. Assuming the price breaks the second support level, the third support level stands at $11.43.
AMBAC Financial Group Inc. (NYSE: AMBC) Key Stats
There are 45,225K outstanding shares of the company, which has a market capitalization of 569.28 million. As of now, sales total 269,000 K while income totals 4,000 K. Its latest quarter income was 105,000 K while its last quarter net income were -1,000 K.
