The Baldwin Insurance Group Inc (NASDAQ:BWIN) shares, rose in value on Friday, November 22, with the stock price up by 2.27% to the previous day’s close as strong demand from buyers drove the stock to $47.83.
Actively observing the price movement in the last trading, the stock closed the session at $46.77, falling within a range of $46.48 and $48.2. The value of beta (5-year monthly) was 1.595. 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 -7.08% over the past month.
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With the market capitalization of The Baldwin Insurance Group Inc currently standing at about $5.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
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 322.87M and a high estimate of 332M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 327.58M.
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 4.09% and -2.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.96, while the 7-day volatility ratio is showing 3.94% which for the 30-day chart, stands at 5.38%. Furthermore, The Baldwin Insurance Group Inc (BWIN)’s beta value is 1.58, and its average true range (ATR) is 2.26.
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 2.27% in last session, and over the past year, it grew by 159.38%%.
Data on historical trading for The Baldwin Insurance Group Inc (NASDAQ:BWIN) indicates that the trading volumes over the past 10 days have averaged 0.58 and over the past 3 months, they’ve averaged 634.55K. According to company’s latest data on outstanding shares, there are 67.57 million shares outstanding.
Nearly 0.94% of The Baldwin Insurance Group Inc’s shares belong to company insiders and institutional investors own 97.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.75 million shares as on 2024-10-31, resulting in a short ratio of 5.69. According to the data, the short interest in The Baldwin Insurance Group Inc (BWIN) stood at 655.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 3.08 million. The stock has risen by 99.13% 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.
