The price of MBIA Inc. (NYSE: MBI) closed at $6.71 in the last session, up 2.76% from day before closing price of $6.53. In other words, the price has increased by $+0.18 from its previous closing price. On the day, 691290 shares were traded. MBI stock price reached its highest trading level at $6.81 during the session, while it also had its lowest trading level at $6.44.
Ratios:
We take a closer look at MBI’s different ratios to gain a better understanding of the stock.
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 December 08, 2023, Downgraded its rating to Neutral and sets its target price to $15 from $12 previously.
On April 21, 2023, Compass Point Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $14.
On November 28, 2022, Compass Point started tracking the stock assigning a Neutral rating and target price of $14.Compass Point initiated its Neutral rating on November 28, 2022, with a $14 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 28 when VAUGHAN RICHARD C sold 3,000 shares for $6.08 per share. The transaction valued at 18,240 led to the insider holds 85,184 shares of the business.
VAUGHAN RICHARD C sold 12,000 shares of MBI for $75,720 on Dec 27. The Director now owns 88,184 shares after completing the transaction at $6.31 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MBI now has a Market Capitalization of 343.15M and an Enterprise Value of 3.39B. For the stock, the TTM Price-to-Sale (P/S) ratio is 56.96. Its current Enterprise Value per Revenue stands at 36.08.
Stock Price History:
Over the past 52 weeks, MBI has reached a high of $7.33, while it has fallen to a 52-week low of $2.65. The 50-Day Moving Average of the stock is 6.82, while the 200-Day Moving Average is calculated to be 7.78.
Shares Statistics:
According to the various share statistics, MBI traded on average about 1.79M shares per day over the past 3-months and 556.66k shares per day over the past 10 days. A total of 50.86M shares are outstanding, with a floating share count of 43.19M. Insiders hold about 15.18% of the company’s shares, while institutions hold 60.99% stake in the company. Shares short for MBI as of Feb 15, 2024 were 2.18M with a Short Ratio of 1.22, compared to 2.56M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.27% and a Short% of Float of 4.96%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.85.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.24, while EPS last year was -$0.03. The consensus estimate for the next quarter is -$0.13, with high estimates of $0 and low estimates of -$0.25.
Analysts are recommending an EPS of between $0 and -$1.05 for the fiscal current year, implying an average EPS of -$0.64. EPS for the following year is -$0.44, with 3 analysts recommending between $0 and -$0.75.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $6.5M. It ranges from a high estimate of $7M to a low estimate of $6M. As of the current estimate, MBIA Inc.’s year-ago sales were $10M, an estimated decrease of -35.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $6.5M, a decrease of -18.80% over than the figure of -$35.00% in the same quarter last year. There is a high estimate of $7M for the next quarter, whereas the lowest estimate is $6M.
A total of 2 analysts have provided revenue estimates for MBI’s current fiscal year. The highest revenue estimate was $27M, while the lowest revenue estimate was $23M, resulting in an average revenue estimate of $25M. In the same quarter a year ago, actual revenue was $37M, down -32.40% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $24M in the next fiscal year. The high estimate is $24M and the low estimate is $24M. The average revenue growth estimate for next year is down -4.00% from the average revenue estimate for this year.
