MBIA Inc (NYSE:MBI) price on current trading day, fall -19.37% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.66.
A look at the stock’s price movement, the level at last check in today’s session was $7.02. Turning to its 52-week performance, $7.46 and $3.22 were the 52-week high and 52-week low respectively. Overall, MBI moved -5.35% over the past month.
MBIA Inc’s market cap currently stands at around $288.83 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 21M for the company’s revenue for the quarter, with a low and high estimate of 21M and 21M respectively. The average forecast suggests up to a 61.54% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 84M, representing a 100.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MBI is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend MBI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MBI’s current price about -19.24% and -13.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.38, while 7-day volatility ratio is 4.13% and 5.40% in the 30-day chart. Further, MBIA Inc (MBI) has a beta value of 1.61, and an average true range (ATR) of 0.42. Analysts have given the company’s stock an average 52-week price target of $14, forecast between a low of $14 and high of $14. Looking at the price targets, the low is -147.35% off recent price level in today’s trading while to achieve the yearly target high, it has to move -147.35%. Nonetheless, investors will most likely welcome a -147.35% jump to $14 which is the analysts’ median price.
If we refocus on MBIA Inc (NYSE:MBI), historical trading data shows that trading volumes averaged 374.67K over the past 3 months. The company’s latest data on shares outstanding shows there are 51.03 million shares.
The 13.89% of MBIA Inc’s shares are in the hands of company insiders while institutional holders own 49.90% of the company’s shares. Current price change has pushed the stock -12.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MBI stock continues to rise going into the next quarter.
