HCI Group Inc. (NYSE:HCI) price on Friday, August 06, rose 17.60% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $115.64.
A look at the stock’s price movement, the close in the last trading session was $98.33, moving within a range at $105.00 and $119.285. The beta value (5-Year monthly) was 0.73 while the PE ratio in trailing twelve months stood at 28.38. Turning to its 52-week performance, $103.44 and $46.30 were the 52-week high and 52-week low respectively. Overall, HCI moved 25.93% over the past month.
HCI Group Inc.’s market cap currently stands at around $956.34 million, with investors looking forward to this quarter’s earnings report slated for Nov 03, 2021 – Nov 08, 2021. The company has a Forward Dividend ratio of 1.60, with its dividend yield at 1.38%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.83, which has seen fiscal year 2021 EPS growth forecast to increase to $3.37 and about $3.88 for fiscal year 2022. Per the data, EPS growth is expected to be -2.00% for 2021 and 15.10% for the next financial year.
Analysts have a consensus estimate of $92.97 million for the company’s revenue for the quarter, with a low and high estimate of $92.97 million and $92.97 million respectively. The average forecast suggests up to a 36.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $377.1 million, representing a 21.50% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that HCI is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend HCI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 1.14, with HCI’s current price about 20.06% and 24.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 79.14, while 7-day volatility ratio is 5.21% and 3.48% in the 30-day chart. Further, HCI Group Inc. (HCI) has a beta value of 0.72, and an average true range (ATR) of 4.13. Analysts have given the company’s stock an average 52-week price target of $105.00, forecast between a low of $100.00 and high of $110.00. Looking at the price targets, the low is 13.52% off current price level while to achieve the yearly target high, price needs to move 4.88%. Nonetheless, investors will most likely welcome a 9.2% jump to $105.00 which is the analysts’ median price.
In the market, a comparison of HCI Group Inc. (HCI) and its peers suggest the former has performed considerably stronger. Data shows HCI’s intraday price has changed 17.60% in last session and 147.25% over the past year. Comparatively, Donegal Group Inc. (DGICA) has moved 0.00% on the day and only 5.72% in the past 12 months. Looking at another peer, we see that Heritage Insurance Holdings Inc. (HRTG) price has gained 3.72% on the day. However, the stock is -45.56% off its price a year ago. Moreover, Hilltop Holdings Inc. (HTH) is also up 2.61% in trading on the day while keeping a an uptrend of 67.15% over the past year. If we look at the PE ratio, we find that HCI Group Inc.’s ratio stands at 28.38 compared to Donegal Group Inc.’s 8.77. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.17% and 0.41% respectively in the last trading.
If we refocus on HCI Group Inc. (NYSE:HCI), historical trading data shows that trading volumes averaged 67530.0 over the past 10 days and 105.90K over the past 3 months. The company’s latest data on shares outstanding shows there are 7.47 million shares.
The 19.10% of HCI Group Inc.’s shares are in the hands of company insiders while institutional holders own 61.70% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.78 million on May 27, 2021, giving us a short ratio of 9.07. The data shows that as of May 27, 2021 short interest in HCI Group Inc. (HCI) stood at 9.18% of shares outstanding, with shares short falling to 0.86 million registered in Apr 29, 2021. Current price change has pushed the stock 121.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HCI stock continues to rise going into the next quarter.