AMBAC Financial Group Inc (NYSE: AMBC) on Monday, plunged -3.00% from the previous trading day, before settling in for the closing price of $12.33. Within the past 52 weeks, AMBC’s price has moved between $10.12 and $18.45.
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A company in the Financial sector has jumped its sales by 4.33% annually for the last half of the decade. The company achieved an average annual earnings per share of -57.11%. With a float of $42.61 million, this company’s outstanding shares have now reached $47.44 million.
In an organization with 178 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 100.0%, operating margin of 16.83%, and the pretax margin is -3.27%.
AMBAC Financial Group Inc (AMBC) Insider and Institutional Ownership
Observing investor behavior towards Insurance – Specialty industry stocks is more important than anything else. The insider ownership of AMBAC Financial Group Inc is 10.19%, while institutional ownership is 85.98%. 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
According to the Wall Street analysts, stocks earnings will be around -57.11% per share during the next fiscal year.
AMBAC Financial Group Inc (NYSE: AMBC) Trading Performance Indicators
AMBAC Financial Group Inc (AMBC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.41. Likewise, its price to free cash flow for the trailing twelve months is 4.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.46, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach -0.20 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 0.5 million. That was better than the volume of 0.42 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 36.14%. Additionally, its Average True Range was 0.44.
During the past 100 days, AMBAC Financial Group Inc’s (AMBC) raw stochastic average was set at 50.00%, which indicates a significant increase from 4.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.91% in the past 14 days, which was higher than the 33.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.28, while its 200-day Moving Average is $13.04. However, in the short run, AMBAC Financial Group Inc’s stock first resistance to watch stands at $12.26. Second resistance stands at $12.55. The third major resistance level sits at $12.71. 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 $11.65. The third support level lies at $11.36 if the price breaches the second support level.
AMBAC Financial Group Inc (NYSE: AMBC) Key Stats
Market capitalization of the company is 563.76 million based on 47,443K outstanding shares. Right now, sales total 269,000 K and income totals 4,000 K. The company made 114,000 K in profit during its latest quarter, and -31,000 K in sales during its previous quarter.
