The Baldwin Insurance Group Inc (NASDAQ:BWIN) shares, rose in value on Friday, November 01, with the stock price down by -2.10% to the previous day’s close as strong demand from buyers drove the stock to $45.29.
Actively observing the price movement in the last trading, the stock closed the session at $46.26, falling within a range of $44.78 and $46.69. The value of beta (5-year monthly) was 1.586. Referring to stock’s 52-week performance, its high was $55.82, and the low was $17.33. On the whole, BWIN has fluctuated by -9.22% over the past month.
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With the market capitalization of The Baldwin Insurance Group Inc currently standing at about $5.33 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.39B, with a low estimate of 341.46M and a high estimate of 352.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 347.43M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BWIN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of BWIN currently trading nearly -11.33% and -7.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.43, while the 7-day volatility ratio is showing 4.49% which for the 30-day chart, stands at 3.53%. Furthermore, The Baldwin Insurance Group Inc (BWIN)’s beta value is 1.59, and its average true range (ATR) is 1.78.
A comparison of The Baldwin Insurance Group Inc (BWIN) with its peers suggests the former has fared considerably weaker in the market. BWIN showed an intraday change of -2.10% in last session, and over the past year, it grew by 115.87%%.
Data on historical trading for The Baldwin Insurance Group Inc (NASDAQ:BWIN) indicates that the trading volumes over the past 10 days have averaged 0.78 and over the past 3 months, they’ve averaged 526.36K. According to company’s latest data on outstanding shares, there are 66.74 million shares outstanding.
Nearly 0.95% of The Baldwin Insurance Group Inc’s shares belong to company insiders and institutional investors own 96.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.16 million shares as on 2024-10-15, resulting in a short ratio of 5.87. According to the data, the short interest in The Baldwin Insurance Group Inc (BWIN) stood at 559.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.02 million. The stock has risen by 88.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BWIN stock heading into the next quarter.
