The trading price of The Baldwin Insurance Group Inc. (NASDAQ:BWIN) floating lower at last check on current market day and closing at $50.47, -0.05% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $47.84 and $51.55. In examining the 52-week price action we see that the stock hit a 52-week high of $55.82 and a 52-week low of $17.33. Over the past month, the stock has gained 2.78% in value.
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The Baldwin Insurance Group Inc., whose market valuation is $3.37 billion at the time of this writing, is expected to release its quarterly earnings report on 2024-Nov-04. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.34 per share this quarter, however they have predicted annual earnings per share of 1.55 for current year and 2.07 for next year.
Analysts have forecast the company to bring in revenue of 347.43M for the current quarter, with the likely lows of 341.46M and highs of 352.7M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.39B.
On the technical side, indicators suggest BWIN 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 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that BWIN’s price is currently -2.45% off the SMA20 and 2.70% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.18, and weekly volatility stands at 2.42%. When measured over the past 30 days, the indicator reaches 3.08%. The Baldwin Insurance Group Inc. (NASDAQ:BWIN)’s beta value is currently sitting at 1.59, while the Average True Range indicator is currently displaying 1.68. With analysts defining $46-$46 as the low and high price targets, we arrive at a consensus price target of $46 for the trailing 12-month period. The current price is about 8.86% off the estimated low and 8.86% off the forecast high, based on this estimate. Investors will be thrilled if BWIN’s share price rises to $46, which is the median consensus price. At that level, BWIN’s share price would be 8.86% above current price.
To see how The Baldwin Insurance Group Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: BWIN stock’s performance was -0.05% at last check in today’s session, and 144.38% in the past year.
An evaluation of the daily trading volume of The Baldwin Insurance Group Inc. (NASDAQ:BWIN) indicates that the 3-month average is 502.60K. However, this figure has increased over the past 10 days to an average of 0.63.
Currently, records show that 66.74 million of the company’s shares remain outstanding. The insiders hold 0.95% of outstanding shares, whereas institutions hold 97.02%. The stats also highlight that short interest as of 2024-10-15, stood at 3.16 million shares, resulting in a short ratio of 5.87 at that time. From this, we can conclude that short interest is 559.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 3.02 million. However, since the stock’s price has seen 110.10% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
