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.
In the latest session, Bowhead Specialty Holdings Inc (NYSE: BOW) closed at $31.83 down -1.15% from its previous closing price of $32.20. In other words, the price has decreased by -$1.15 from its previous closing price. On the day, 76403.0 shares were traded. BOW stock price reached its highest trading level at $32.21 during the session, while it also had its lowest trading level at $31.66.
Ratios:
For a deeper understanding of Bowhead Specialty Holdings Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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, RBC Capital Mkts on June 17, 2024, initiated with a Outperform rating and assigned the stock a target price of $32.
On June 17, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $26.
On June 17, 2024, Keefe Bruyette started tracking the stock assigning a Mkt Perform rating and target price of $30.Keefe Bruyette initiated its Mkt Perform rating on June 17, 2024, with a $30 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 25 ’24 when Botein Matthew sold 3,178,662 shares for $27.70 per share. The transaction valued at 88,033,044 led to the insider holds 10,968,445 shares of the business.
Gallatin Point Capital LLC sold 3,178,662 shares of BOW for $88,033,044 on Oct 25 ’24. The Director now owns 10,968,445 shares after completing the transaction at $27.70 per share. On Oct 25 ’24, another insider, AMERICAN FAMILY MUTUAL INSURAN, who serves as the Director of the company, sold 1,362,285 shares for $27.70 each. As a result, the insider received 37,728,483 and left with 4,700,761 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, BOW now has a Market Capitalization of 1039529600 and an Enterprise Value of 910780352. As of this moment, Bowhead’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.67 while its Price-to-Book (P/B) ratio in mrq is 2.85. Its current Enterprise Value per Revenue stands at 2.341 whereas that against EBITDA is 19.524.
Stock Price History:
Over the past 52 weeks, BOW has reached a high of $37.81, while it has fallen to a 52-week low of $22.14. The 50-Day Moving Average of the stock is -6.61%, while the 200-Day Moving Average is calculated to be 7.06%.
Shares Statistics:
For the past three months, BOW has traded an average of 219.60K shares per day and 142530 over the past ten days. A total of 32.66M shares are outstanding, with a floating share count of 21.31M. Insiders hold about 34.75% of the company’s shares, while institutions hold 46.55% stake in the company. Shares short for BOW as of 1734048000 were 332352 with a Short Ratio of 1.51, compared to 1731628800 on 341922. Therefore, it implies a Short% of Shares Outstanding of 332352 and a Short% of Float of 3.0299999.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. The consensus estimate for the next quarter is $0.35, with high estimates of $0.36 and low estimates of $0.34.
Analysts are recommending an EPS of between $1.38 and $1.25 for the fiscal current year, implying an average EPS of $1.32. EPS for the following year is $1.62, with 5.0 analysts recommending between $1.65 and $1.55.
Revenue Estimates
For the next quarter, 2 analysts are estimating revenue of $114.1M. There is a high estimate of $123.35M for the next quarter, whereas the lowest estimate is $104.84M.
Based on 4 analysts’ estimates, the company’s revenue will be $511.83M in the next fiscal year. The high estimate is $541.43M and the low estimate is $478.12M.
