On Tuesday, AMBAC Financial Group Inc (NYSE: AMBC) opened lower -0.96% from the last session, before settling in for the closing price of $12.44. Price fluctuations for AMBC have ranged from $10.12 to $18.45 over the past 52 weeks.
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Annual sales at Financial sector company grew by 2.77% over the past five years. Company’s average yearly earnings per share was noted -60.03% at the time writing. With a float of $42.61 million, this company’s outstanding shares have now reached $45.20 million.
Let’s look at the performance matrix of the company that is accounted for 178 employees. In terms of profitability, gross margin is 99.5%, operating margin of 7.27%, and the pretax margin is -3.26%.
AMBAC Financial Group Inc (AMBC) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Insurance – Specialty industry is another important factor to consider. The insider ownership of AMBAC Financial Group Inc is 10.19%, while institutional ownership is 85.87%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.32 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.06) by 0.26. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -60.03% per share during the next fiscal year.
AMBAC Financial Group Inc (NYSE: AMBC) Trading Performance Indicators
Check out the current performance indicators for AMBAC Financial Group Inc (AMBC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.46. Likewise, its price to free cash flow for the trailing twelve months is 5.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.46, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.02 in one year’s time.
Technical Analysis of AMBAC Financial Group Inc (AMBC)
AMBAC Financial Group Inc (NYSE: AMBC) saw its 5-day average volume 1.23 million, a positive change from its year-to-date volume of 0.47 million. As of the previous 9 days, the stock’s Stochastic %D was 58.11%. Additionally, its Average True Range was 0.47.
During the past 100 days, AMBAC Financial Group Inc’s (AMBC) raw stochastic average was set at 68.75%, which indicates a significant increase from 60.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.33% in the past 14 days, which was higher than the 38.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.46, while its 200-day Moving Average is $13.51. Nevertheless, the first resistance level for the watch stands at $12.48 in the near term. At $12.63, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.79. If the price goes on to break the first support level at $12.16, it is likely to go to the next support level at $12.00. The third support level lies at $11.84 if the price breaches the second support level.
AMBAC Financial Group Inc (NYSE: AMBC) Key Stats
There are currently 47,443K shares outstanding in the company with a market cap of 584.50 million. Presently, the company’s annual sales total 269,000 K according to its annual income of 4,000 K. Last quarter, the company’s sales amounted to 114,000 K and its income totaled -31,000 K.
