AMBAC Financial Group Inc (NYSE:AMBC) price on Friday, June 13, remained unchanged to $6.80.
A look at the stock’s price movement, the close in the last trading session was $6.80. The PE ratio in trailing twelve months stood at 62.79. Turning to its 52-week performance, $13.64 and $5.99 were the 52-week high and 52-week low respectively. Overall, AMBC moved 4.13% over the past month.
AMBAC Financial Group Inc’s market cap currently stands at around $315.71 million, with investors looking forward to this quarter’s earnings report slated for in July.
2 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 1 analyst(s) rate the stock as a Hold, 1 recommend AMBC 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.
AMBC’s current price about -9.86% and -9.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.92, while 7-day volatility ratio is 1.15% and 2.92% in the 30-day chart. Further, AMBAC Financial Group Inc (AMBC) has a beta value of 0.88, and an average true range (ATR) of 0.38. Analysts have given the company’s stock an average 52-week price target of $18, forecast between a low of $18 and high of $18. Looking at the price targets, the low is -164.71% off current price level while to achieve the yearly target high, price needs to move -164.71%. Nonetheless, investors will most likely welcome a -164.71% jump to $18 which is the analysts’ median price.
If we refocus on AMBAC Financial Group Inc (NYSE:AMBC), historical trading data shows that trading volumes averaged 1.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 46.43 million shares.
The 9.29% of AMBAC Financial Group Inc’s shares are in the hands of company insiders while institutional holders own 81.32% of the company’s shares. Current price change has pushed the stock -46.25% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMBC stock continues to rise going into the next quarter.
