The trading price of Arch Capital Group Ltd. (NASDAQ:ACGL) closed higher on Tuesday, October 12, closing at $40.85, 1.69% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $40.74 and $41.45. The company’s P/E ratio in the trailing 12-month period was 8.21, while its 5Y monthly beta was 0.86. In examining the 52-week price action we see that the stock hit a 52-week high of $42.54 and a 52-week low of $28.55. Over the past month, the stock has gained 2.41% in value.
Arch Capital Group Ltd., whose market valuation is $16.08 billion at the time of this writing, is expected to release its quarterly earnings report Oct 27, 2021 – Nov 01, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.75 per share this quarter, however they have predicted annual earnings per share of $3.27 for 2021 and $4.05 for 2022. It means analysts are expecting annual earnings per share growth of 140.40% this year and 23.90% next year.
Analysts have forecast the company to bring in revenue of $2.22 billion for the current quarter, with the likely lows of $2.16 billion and highs of $2.26 billion. The average estimate suggests sales will likely up by 28.70% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $8.96 billion. The company’s revenue is forecast to grow by 29.80% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Arch Capital Group Ltd. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest ACGL has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ACGL a recommendation rating is 13. Out of them, 2 rate it a Hold, while 9 recommend Buy, whereas 2 assign an Overweight rating. 0 analyst(s) have tagged Arch Capital Group Ltd. (ACGL) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.17, which symbolizes a positive outlook. A quick review shows that ACGL’s price is currently 4.16% off the SMA20 and 1.77% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.67, and weekly volatility stands at 2.02%. When measured over the past 30 days, the indicator reaches 2.04%. Arch Capital Group Ltd. (NASDAQ:ACGL)’s beta value is currently sitting at 0.89, while the Average True Range indicator is currently displaying 0.91. With analysts defining $44.00-$58.00 as the low and high price targets, we arrive at a consensus price target of $48.27 for the trailing 12-month period. The current price is about -7.71% off the estimated low and -41.98% off the forecast high, based on this estimate. Investors will be thrilled if ACGL’s share price rises to $47.00, which is the median consensus price. At that level, ACGL’s share price would be -15.06% below current price.
To see how Arch Capital Group Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: ACGL stock’s performance was 1.69% in the latest trading, and 28.82% in the past year, while Everest Re Group Ltd. (RE) has traded 0.13% on the day and positioned 29.21% higher than it was a year ago. Another comparable company AXIS Capital Holdings Limited (AXS) saw its stock close 1.05% higher in the most recent trading session but was up 7.43% in a year. Furthermore, W. R. Berkley Corporation (WRB) showed a decrease of -0.13% on the day while its price kept inclining at 19.50% over the past year. Arch Capital Group Ltd. has a P/E ratio of 8.21, compared to Everest Re Group Ltd.’s 8.03 and AXIS Capital Holdings Limited’s 15.75. Also in last trading session, the S&P 500 Index has plunged -0.24%, while the Dow Jones Industrial also saw a negative session, down -0.34% on the day.
An evaluation of the daily trading volume of Arch Capital Group Ltd. (NASDAQ:ACGL) indicates that the 3-month average is 1.85 million. However, this figure has increased over the past 10 days to an average of 1.73 million.
Currently, records show that 397.74 million of the company’s shares remain outstanding. The stats also highlight that short interest as of Jun 14, 2021, stood at 5.79 million shares, resulting in a short ratio of 3.69 at that time. From this, we can conclude that short interest is 1.44% of the company’s total outstanding shares. It is noteworthy that short shares in June were up slightly from the previous month’s figure, which was 5.02 million. However, since the stock’s price has seen 13.25% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.