American Coastal Insurance Corp (NASDAQ: ACIC) is 18.71% higher on its value in year-to-date trading and has touched a low of $6.61 and a high of $14.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ACIC stock was last observed hovering at around $11.00 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $11.23, the stock is -0.25% and 0.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 2.09% at the moment leaves the stock 3.76% off its SMA200. ACIC registered 44.53% gain for a year compared to 6-month gain of -5.63%.
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The stock witnessed a -5.71% loss in the last 1 month and extending the period to 3 months gives it a -4.83%, and is -0.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.84% over the week and 4.72% over the month.
American Coastal Insurance Corp (ACIC) has around 71 employees, a market worth around $540.72M and $258.79M in sales. Current P/E ratio is 7.84 and Fwd P/E is 7.25. Profit margin for the company is 26.09%. Distance from 52-week low is 69.89% and -21.91% from its 52-week high. The company has generated returns on investments over the last 12 months (18.15%).
The EPS is expected to shrink by -28.22% this year.
American Coastal Insurance Corp (ACIC) Top Institutional Holders
147.0 institutions hold shares in American Coastal Insurance Corp (ACIC), with institutional investors hold 46.48% of the company’s shares. The shares outstanding are 46.78M, and float is at 23.87M with Short Float at 3.40%. Institutions hold 23.19% of the Float.
American Coastal Insurance Corp (ACIC) Insider Activity
The most recent transaction is an insider sale by MARTZ BRAD,the company’sPresident. SEC filings show that MARTZ BRAD sold 5,250 shares of the company’s common stock on Aug 19 ’24 at a price of $11.15 per share for a total of $58538.0. Following the sale, the insider now owns 0.28 million shares.
American Coastal Insurance Corp disclosed in a document filed with the SEC on Aug 16 ’24 that MARTZ BRAD (President) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Aug 16 ’24 and was made at $11.62 per share for $0.29 million. Following the transaction, the insider now directly holds 0.28 million shares of the ACIC stock.
Still, SEC filings show that on Aug 12 ’24, Griffith Christopher (Chief Operating Officer) disposed off 35,000 shares at an average price of $10.94 for $0.38 million. The insider now directly holds 134,656 shares of American Coastal Insurance Corp (ACIC).
