SiriusPoint Ltd (NYSE:SPNT) shares, rose in value on Friday, March 07, with the stock price down by -2.66% to the previous day’s close as strong demand from buyers drove the stock to $14.29.
Actively observing the price movement in the last trading, the stock closed the session at $14.68. The PE ratio was 14.97 over 12-month period. Referring to stock’s 52-week performance, its high was $16.50, and the low was $11.48. On the whole, SPNT has fluctuated by -0.83% over the past month.
With the market capitalization of SiriusPoint Ltd currently standing at about $2.32 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SPNT’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 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of SPNT currently trading nearly -1.12% and -2.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.98, while the 7-day volatility ratio is showing 2.59% which for the 30-day chart, stands at 3.12%. Furthermore, SiriusPoint Ltd (SPNT)’s beta value is 0.81, and its average true range (ATR) is 0.45.
A comparison of SiriusPoint Ltd (SPNT) with its peers suggests the former has fared considerably weaker in the market. SPNT showed an intraday change of -2.66% in last session, and over the past year, it grew by 18.10%%.
Data on historical trading for SiriusPoint Ltd (NYSE:SPNT) indicates that the trading volumes over the past 3 months, they’ve averaged 677.15K. According to company’s latest data on outstanding shares, there are 162.23 million shares outstanding.
Nearly 8.30% of SiriusPoint Ltd’s shares belong to company insiders and institutional investors own 59.56% of the company’s shares. The stock has fallen by -12.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPNT stock heading into the next quarter.
