With 0.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.54 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $12.59 whereas the lowest price it dropped to was $12.31. The 52-week range on AMBC shows that it touched its highest point at $18.45 and its lowest point at $10.12 during that stretch. It currently has a 1-year price target of $17.00. Beta for the stock currently stands at 1.24.
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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 AMBC was down-trending over the past week, with a drop of -3.96%, but this was up by 5.45% over a month. Three-month performance surged to 9.95% while six-month performance fell -29.30%. The stock lost -15.78% in the past year, while it has lost -24.88% so far this year. A look at the trailing 12-month EPS for AMBC yields -0.46 with Next year EPS estimates of 0.02. For the next quarter, that number is 0.00. This implies an EPS growth rate of -60.03% for this year and -97.63% for next year.
Float and Shares Shorts:
At present, 45.20 million AMBC shares are outstanding with a float of 42.61 million shares on hand for trading. On 2024-10-31, short shares totaled 3.89 million, which was 819.99995 higher than short shares on 1727654400. In addition to Mr. David Trick as the firm’s Executive VP, CFO & Treasurer, Mr. Stephen Michael Ksenak serves as its Senior MD & General Counsel.
Institutional Ownership:
Through their ownership of 0.87472 of AMBC’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 AMBC since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMBC analysts setting a high price target of 19.0 and a low target of 15.0, the average target price over the next 12 months is 17.0. Based on these targets, AMBC could surge 53.47% to reach the target high and rise by 21.16% to reach the target low. Reaching the average price target will result in a growth of 37.32% from current levels.
Analysts have provided yearly estimates in a range of $0.84333 being high and $0.84333 being low. For AMBC, this leads to a yearly average estimate of $0.84333.
