Essent Group Ltd (NYSE:ESNT) shares, rose in value on Friday, May 30, with the stock price down by -0.43% to the previous day’s close as strong demand from buyers drove the stock to $58.00.
Actively observing the price movement in the last trading, the stock closed the session at $58.25. The PE ratio was 8.49 over 12-month period. Referring to stock’s 52-week performance, its high was $65.33, and the low was $51.61. On the whole, ESNT has fluctuated by 1.88% over the past month.
With the market capitalization of Essent Group Ltd currently standing at about $5.88 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.18, with its dividend yield at 2.03%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.28B, with a low estimate of 313.8M and a high estimate of 321.28M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 317.46M.
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% 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 Hold.
The stock’s technical analysis shows that the PEG ratio is about 2.46, with the price of ESNT currently trading nearly -0.97% and 1.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.85, while the 7-day volatility ratio is showing 1.20% which for the 30-day chart, stands at 1.25%. Furthermore, Essent Group Ltd (ESNT)’s beta value is 0.81, and its average true range (ATR) is 1.09.
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 -0.43% in last session, and over the past year, it grew by 4.35%%.
Data on historical trading for Essent Group Ltd (NYSE:ESNT) indicates that the trading volumes over the past 3 months, they’ve averaged 730.86K. According to company’s latest data on outstanding shares, there are 102.50 million shares outstanding.
Nearly 3.36% of Essent Group Ltd’s shares belong to company insiders and institutional investors own 97.77% of the company’s shares. The stock has risen by 6.54% 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.
