After finishing at $13.94 in the prior trading day, American Coastal Insurance Corp (NASDAQ: ACIC) closed at $11.90, down -14.63%. In other words, the price has decreased by -$2.04 from its previous closing price. On the day, 1090375 shares were traded.
Ratios:
Our goal is to gain a better understanding of ACIC by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.89.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Raymond James on January 17, 2024, initiated with a Outperform rating and assigned the stock a target price of $15.
Wells Fargo Downgraded its Equal Weight to Underweight on January 06, 2020, while the target price for the stock was maintained at $12.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 19 when Maroney Patrick bought 5,000 shares for $8.50 per share. The transaction valued at 42,500 led to the insider holds 85,000 shares of the business.
DAVIS KERN MICHAEL bought 2,000 shares of ACIC for $18,215 on Dec 14. The Director now owns 2,540 shares after completing the transaction at $9.11 per share. On Sep 20, another insider, DAVIS KERN MICHAEL, who serves as the Director of the company, bought 2,000 shares for $7.62 each. As a result, the insider paid 15,230 and bolstered with 291,644 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACIC now has a Market Capitalization of 556.65M and an Enterprise Value of 595.13M. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1.71, and their Forward P/E ratio for the next fiscal year is 7.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 3.30. Its current Enterprise Value per Revenue stands at 1.22.
Stock Price History:
Over the past 52 weeks, ACIC has reached a high of $14.25, while it has fallen to a 52-week low of $1.48. The 50-Day Moving Average of the stock is 11.29, while the 200-Day Moving Average is calculated to be 7.83.
Shares Statistics:
The stock has traded on average 422.20K shares per day over the past 3-months and 409.98k shares per day over the last 10 days, according to various share statistics. A total of 46.78M shares are outstanding, with a floating share count of 19.14M. Insiders hold about 56.42% of the company’s shares, while institutions hold 22.21% stake in the company. Shares short for ACIC as of Feb 15, 2024 were 1.06M with a Short Ratio of 2.52, compared to 831.68k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.42% and a Short% of Float of 5.31%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.50.
Earnings Estimates
Its stock is currently analyzed by 1 different market analysts. The consensus estimate for the next quarter is $0.25, with high estimates of $0.25 and low estimates of $0.25.
Analysts are recommending an EPS of between $1.25 and $1.25 for the fiscal current year, implying an average EPS of $1.25. EPS for the following year is $1.7, with 1 analysts recommending between $1.7 and $1.7.
Revenue Estimates
A total of 1 analysts have provided revenue estimates for ACIC’s current fiscal year. The highest revenue estimate was $310.85M, while the lowest revenue estimate was $310.85M, resulting in an average revenue estimate of $310.85M. In the same quarter a year ago, actual revenue was $281.88M, up 10.30% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $389.54M in the next fiscal year. The high estimate is $389.54M and the low estimate is $389.54M. The average revenue growth estimate for next year is up 25.30% from the average revenue estimate for this year.
