AMBAC Financial Group Inc (NYSE: AMBC) kicked off on Monday, down -4.22% from the previous trading day, before settling in for the closing price of $9.71. Over the past 52 weeks, AMBC has traded in a range of $9.21-$18.45.
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A company in the Financial sector has jumped its sales by 2.21% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 111.11%. 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
Our next focus will be how large-scale investors are participating in this stock of the Insurance – Specialty Industry. The insider ownership of AMBAC Financial Group Inc is 10.19%, while institutional ownership is 88.32%. 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
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 111.11% per share during the next fiscal year.
AMBAC Financial Group Inc (NYSE: AMBC) Trading Performance Indicators
Take a look at AMBAC Financial Group Inc’s (AMBC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.13. Likewise, its price to free cash flow for the trailing twelve months is 3.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -10.45, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach 0.30 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 1.48 million. That was better than the volume of 0.56 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 19.05%. Additionally, its Average True Range was 0.56.
During the past 100 days, AMBAC Financial Group Inc’s (AMBC) raw stochastic average was set at 2.03%, which indicates a significant decrease from 3.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.42% in the past 14 days, which was higher than the 39.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.62, while its 200-day Moving Average is $12.30. However, in the short run, AMBAC Financial Group Inc’s stock first resistance to watch stands at $9.72. Second resistance stands at $10.15. The third major resistance level sits at $10.38. If the price goes on to break the first support level at $9.06, it is likely to go to the next support level at $8.83. The third support level lies at $8.40 if the price breaches the second support level.
AMBAC Financial Group Inc (NYSE: AMBC) Key Stats
The company with the Market Capitalisation of 441.22 million has total of 47,443K Shares Outstanding. Its annual sales at the moment are 269,000 K in contrast with the sum of 4,000 K annual income. Company’s last quarter sales were recorded 114,000 K and last quarter income was -31,000 K.
