A new trading day began on Monday, with MBIA Inc (NYSE: MBI) stock price up 8.62% from the previous day of trading, before settling in for the closing price of $6.03. MBI’s price has ranged from $3.08 to $7.33 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales slided by -13.64%. Meanwhile, its annual earnings per share averaged 28.75%. With a float of $43.73 million, this company’s outstanding shares have now reached $50.86 million.
The extent of productivity of a business whose workforce counts for 61 workers is very important to gauge. In terms of profitability, gross margin is 96.3%, operating margin of 1514.81%, and the pretax margin is 1959.26%.
MBIA Inc (MBI) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Insurance – Specialty Industry. The insider ownership of MBIA Inc is 14.31%, while institutional ownership is 48.95%. The most recent insider transaction that took place on Jun 13 ’24, was worth 118,156. In this transaction Director of this company sold 21,405 shares at a rate of $5.52, taking the stock ownership to the 82,625 shares. Before that another transaction happened on Dec 27 ’23, when Company’s Director sold 12,000 for $6.31, making the entire transaction worth $75,720. This insider now owns 88,184 shares in total.
MBIA Inc (MBI) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.18 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 28.75% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to -25.09% drop over the previous five years of trading.
MBIA Inc (NYSE: MBI) Trading Performance Indicators
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.07, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.54 in one year’s time.
Technical Analysis of MBIA Inc (MBI)
The latest stats from [MBIA Inc, MBI] show that its last 5-days average volume of 1.86 million was superior to 0.48 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 93.42%. Additionally, its Average True Range was 0.34.
During the past 100 days, MBIA Inc’s (MBI) raw stochastic average was set at 92.42%, which indicates a significant increase from 91.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 90.60% in the past 14 days, which was higher than the 64.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.94, while its 200-day Moving Average is $5.17. Now, the first resistance to watch is $6.84. This is followed by the second major resistance level at $7.13. The third major resistance level sits at $7.44. If the price goes on to break the first support level at $6.24, it is likely to go to the next support level at $5.93. The third support level lies at $5.64 if the price breaches the second support level.
MBIA Inc (NYSE: MBI) Key Stats
With a market capitalization of 337.04 million, the company has a total of 51,030K Shares Outstanding. Currently, annual sales are 7,000 K while annual income is -487,000 K. The company’s previous quarter sales were 29,000 K while its latest quarter income was -56,000 K.
