Essent Group Ltd (NYSE:ESNT) shares, rose in value on Friday, November 22, with the stock price up by 1.48% to the previous day’s close as strong demand from buyers drove the stock to $56.76.
Actively observing the price movement in the last trading, the stock closed the session at $55.93, falling within a range of $56.34 and $56.95. The value of beta (5-year monthly) was 1.12 whereas the PE ratio was 8.22 over 12-month period. Referring to stock’s 52-week performance, its high was $65.33, and the low was $47.56. On the whole, ESNT has fluctuated by -7.80% over the past month.
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With the market capitalization of Essent Group Ltd currently standing at about $6.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.09, with its dividend yield at 1.92%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.24B, with a low estimate of 308.9M and a high estimate of 318.81M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 314.37M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ESNT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.67, with the price of ESNT currently trading nearly 0.21% and -6.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.43, while the 7-day volatility ratio is showing 1.28% which for the 30-day chart, stands at 2.19%. Furthermore, Essent Group Ltd (ESNT)’s beta value is 1.10, and its average true range (ATR) is 1.20.
A comparison of Essent Group Ltd (ESNT) with its peers suggests the former has fared considerably weaker in the market. ESNT showed an intraday change of 1.48% in last session, and over the past year, it grew by 17.66%%.
Data on historical trading for Essent Group Ltd (NYSE:ESNT) indicates that the trading volumes over the past 10 days have averaged 0.82 and over the past 3 months, they’ve averaged 578.67K. According to company’s latest data on outstanding shares, there are 106.60 million shares outstanding.
Nearly 3.16% of Essent Group Ltd’s shares belong to company insiders and institutional investors own 93.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.08 million shares as on 2024-10-31, resulting in a short ratio of 2.33. According to the data, the short interest in Essent Group Ltd (ESNT) stood at 139.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 0.62 million. The stock has risen by 7.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ESNT stock heading into the next quarter.
