The trading price of AMBAC Financial Group Inc. (NYSE:AMBC) floating lower at last check on Wednesday, June 05, closing at $14.02, -18.63% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 10.65. In examining the 52-week price action we see that the stock hit a 52-week high of $18.45 and a 52-week low of $11.26. Over the past month, the stock has lost -7.28% in value.
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AMBAC Financial Group Inc., whose market valuation is $634.12 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest AMBC has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.97, which symbolizes a positive outlook. A quick review shows that AMBC’s price is currently -21.04% off the SMA20 and -12.79% off the SMA50. The RSI metric on the 14-day chart is currently showing 26.15, and weekly volatility stands at 2.65%. When measured over the past 30 days, the indicator reaches 2.80%. AMBAC Financial Group Inc. (NYSE:AMBC)’s beta value is currently sitting at 1.29, while the Average True Range indicator is currently displaying 0.76.
To see how AMBAC Financial Group Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: AMBC stock’s performance was -18.63% at last check in today’s session, and 0.86% in the past year. AMBAC Financial Group Inc. has a P/E ratio of 10.65.
An evaluation of the daily trading volume of AMBAC Financial Group Inc. (NYSE:AMBC) indicates that the 3-month average is 394.37K.
Currently, records show that 45.20 million of the company’s shares remain outstanding. The insiders hold 9.11% of outstanding shares, whereas institutions hold 84.73%. However, since the stock’s price has seen -14.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
