With 1.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.43 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $4.9 whereas the lowest price it dropped to was $4.51. The 52-week range on MBI shows that it touched its highest point at $7.33 and its lowest point at $2.65 during that stretch. It currently has a 1-year price target of $6.75. Beta for the stock currently stands at 1.45.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MBI was down-trending over the past week, with a drop of -9.18%, but this was down by -18.31% over a month. Three-month performance dropped to -24.79% while six-month performance fell -19.18%. The stock gained 19.75% in the past year, while it has lost -25.65% so far this year. A look at the trailing 12-month EPS for MBI yields -9.99 with Next year EPS estimates of -0.80. For the next quarter, that number is -0.30. This implies an EPS growth rate of 59.98% for this year and 42.48% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -25.09%.
Float and Shares Shorts:
At present, 50.86 million MBI shares are outstanding with a float of 43.95 million shares on hand for trading. On 2024-06-28, short shares totaled 1.93 million, which was 375.0 higher than short shares on 1717113600. In addition to Mr. William Charles Fallon as the firm’s CEO & Director, Mr. Daniel Michael Avitabile serves as its Assistant VP and MBIA Insurance’s President & Chief Risk Officer.
Institutional Ownership:
Through their ownership of 0.61667 of MBI’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MBI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
