A new trading day began on Monday, with AMBAC Financial Group Inc (NYSE: AMBC) stock price down -7.66% from the previous day of trading, before settling in for the closing price of $9.40. AMBC’s price has ranged from $8.71 to $18.45 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 13.72%. Meanwhile, its annual earnings per share averaged 111.11%. With a float of $42.12 million, this company’s outstanding shares have now reached $46.51 million.
Let’s determine the extent of company efficiency that accounts for 380 employees. 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 Activity
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 AMBAC Financial Group Inc is 8.93%, while institutional ownership is 90.62%. 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) Earnings and Forecasts
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
Here are AMBAC Financial Group Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.03. Likewise, its price to free cash flow for the trailing twelve months is 528.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.45, 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)
Looking closely at AMBAC Financial Group Inc (NYSE: AMBC), its last 5-days average volume was 1.6 million, which is a jump from its year-to-date volume of 0.67 million. As of the previous 9 days, the stock’s Stochastic %D was 11.73%. 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 1.20%, which indicates a significant decrease from 1.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.71% in the past 14 days, which was higher than the 42.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.30, while its 200-day Moving Average is $12.07. However, in the short run, AMBAC Financial Group Inc’s stock first resistance to watch stands at $9.09. Second resistance stands at $9.49. The third major resistance level sits at $9.73. If the price goes on to break the first support level at $8.45, it is likely to go to the next support level at $8.21. Should the price break the second support level, the third support level stands at $7.81.
AMBAC Financial Group Inc (NYSE: AMBC) Key Stats
With a market capitalization of 401.38 million, the company has a total of 47,443K Shares Outstanding. Currently, annual sales are 235,820 K while annual income is -556,450 K. The company’s previous quarter sales were 65,220 K while its latest quarter income was -548,270 K.
