On Friday, AMBAC Financial Group Inc (NYSE: AMBC) was 1.98% up from the session before settling in for the closing price of $8.60. A 52-week range for AMBC has been $7.92 – $18.45.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Financial sector company grew by 13.72% over the past five years. When this article was written, the company’s average yearly earnings per share was at 111.11%. With a float of $42.08 million, this company’s outstanding shares have now reached $46.51 million.
Let’s look at the performance matrix of the company that is accounted for 380 employees. In terms of profitability, gross margin is 100.0%, operating margin of 26.72%, and the pretax margin is -25.38%.
AMBAC Financial Group Inc (AMBC) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward AMBAC Financial Group Inc stocks. The insider ownership of AMBAC Financial Group Inc is 9.01%, while institutional ownership is 90.61%. 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) Performance Highlights and Predictions
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
You can see what AMBAC Financial Group Inc (AMBC) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.04. Likewise, its price to free cash flow for the trailing twelve months is 533.61.
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)
AMBAC Financial Group Inc (NYSE: AMBC) saw its 5-day average volume 3.0 million, a positive change from its year-to-date volume of 0.95 million. As of the previous 9 days, the stock’s Stochastic %D was 56.94%. 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 14.86%, which indicates a significant decrease from 51.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.42% in the past 14 days, which was higher than the 42.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.61, while its 200-day Moving Average is $11.67. Nevertheless, the first resistance level for the watch stands at $8.96 in the near term. At $9.15, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.36. If the price goes on to break the first support level at $8.56, it is likely to go to the next support level at $8.35. Assuming the price breaks the second support level, the third support level stands at $8.16.
AMBAC Financial Group Inc (NYSE: AMBC) Key Stats
There are 46,242K outstanding shares of the company, which has a market capitalization of 405.54 million. As of now, sales total 235,820 K while income totals -556,450 K. Its latest quarter income was 65,220 K while its last quarter net income were -548,270 K.
