With 2.42 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.31 million shares. The 52-week range on AMBC shows that it touched its highest point at $18.40 and its lowest point at $5.99 during that stretch. It currently has a 1-year price target of $15.00. Beta for the stock currently stands at 0.84.
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 -1.62%, but this was up by 12.86% over a month. Three-month performance dropped to -32.31% while six-month performance fell -31.96%. The stock lost -56.09% in the past year, while it has lost -37.55% so far this year. A look at the trailing 12-month EPS for AMBC yields 0.11 with Next year EPS estimates of -0.15. For the next quarter, that number is -0.27. This implies an EPS growth rate of -83.33% for this year and 54.55% for next year.
Float and Shares Shorts:
At present, 46.43 million AMBC shares are outstanding with a float of 42.25 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.66 being high and $0.66 being low. For AMBC, this leads to a yearly average estimate of $0.66. Based on analyst estimates, the high estimate for the next quarter is -$0.26 and the low estimate is -$0.26. The average estimate for the next quarter is thus -$0.26.
