Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $11.96 in the prior trading day, AMBAC Financial Group Inc (NYSE: AMBC) closed at $11.85, down -0.92%. In other words, the price has decreased by -$0.92 from its previous closing price. On the day, 0.54 million shares were traded. AMBC stock price reached its highest trading level at $12.23 during the session, while it also had its lowest trading level at $11.77.
Ratios:
Our goal is to gain a better understanding of AMBC by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 2.50 whereas as Long-Term Debt/Eq ratio is at 2.40.
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 the company, ROTH MKM on September 18, 2024, Upgraded its rating to Buy and sets its target price to $15 from $13 previously.
On August 09, 2023, Compass Point Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $18.
On November 28, 2022, Compass Point started tracking the stock assigning a Neutral rating and target price of $18.Compass Point initiated its Neutral rating on November 28, 2022, with a $18 target price.
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 Sep 27 ’24 when Matus Kristi Ann bought 6,300 shares for $11.16 per share. The transaction valued at 70,308 led to the insider holds 9,000 shares of the business.
Matus Kristi Ann bought 2,700 shares of AMBC for $30,429 on Sep 26 ’24. The Director now owns 2,700 shares after completing the transaction at $11.27 per share. On Aug 08 ’24, another insider, Smith R Sharon, who serves as the Exec VP & Chief Strategy Offr of the company, bought 1,100 shares for $10.64 each. As a result, the insider paid 11,704 and bolstered with 74,707 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, AMBC now has a Market Capitalization of 562200768 and an Enterprise Value of 5301201408. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.41 while its Price-to-Book (P/B) ratio in mrq is 0.38. Its current Enterprise Value per Revenue stands at 13.32 whereas that against EBITDA is 53.012.
Stock Price History:
Over the past 52 weeks, AMBC has reached a high of $18.45, while it has fallen to a 52-week low of $10.12. The 50-Day Moving Average of the stock is -3.51%, while the 200-Day Moving Average is calculated to be -9.04%.
Shares Statistics:
The stock has traded on average 585.16K shares per day over the past 3-months and 648770 shares per day over the last 10 days, according to various share statistics. A total of 47.44M shares are outstanding, with a floating share count of 42.61M. Insiders hold about 10.19% of the company’s shares, while institutions hold 85.98% stake in the company. Shares short for AMBC as of 1734048000 were 4312620 with a Short Ratio of 7.37, compared to 1731628800 on 4422155. Therefore, it implies a Short% of Shares Outstanding of 4312620 and a Short% of Float of 12.879999999999999.
