MBIA Inc (NYSE: MBI) is -2.29% lower on its value in year-to-date trading and has touched a low of $3.08 and a high of $7.33 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MBI stock was last observed hovering at around $4.91 in the last trading session, with the day’s gains setting it 1.07%.
Currently trading at $5.98, the stock is 43.13% and 56.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.88 million and changing 21.79% at the moment leaves the stock 15.68% off its SMA200. MBI registered 86.51% gain for a year compared to 6-month loss of 0.84%. The firm has a 50-day simple moving average (SMA 50) of $3.8182 and a 200-day simple moving average (SMA200) of $5.16925.
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The stock witnessed a 51.01% gain in the last 1 month and extending the period to 3 months gives it a 54.52%, and is 42.04% up 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 8.23% over the week and 5.73% over the month.
MBIA Inc (MBI) has around 61 employees, a market worth around $305.16M and $-27.00M in sales. Profit margin for the company is 1948.15%. Distance from 52-week low is 94.17% and -18.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.88%).
The EPS is expected to grow by 46.51% this year
152.0 institutions hold shares in MBIA Inc (MBI), with institutional investors hold 52.51% of the company’s shares. The shares outstanding are 50.86M, and float is at 43.73M with Short Float at 4.61%. Institutions hold 45.17% of the Float.
The top institutional shareholder in the company is KAHN BROTHERS GROUP INC with over 5.57 million shares valued at $30.58 million. The investor’s holdings represent 11.897 of the MBI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.32 million shares valued at $18.24 million to account for 7.0972 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.48 million shares representing 5.2949 and valued at over $13.61 million, while NEWTYN MANAGEMENT, LLC holds 4.0046 of the shares totaling 1.88 million with a market value of $10.29 million.
MBIA Inc (MBI) Insider Activity
The most recent transaction is an insider sale by Shasta Theodore, the company’s Director. SEC filings show that Shasta Theodore sold 21,405 shares of the company’s common stock on Jun 13 ’24 at a price of $5.52 per share for a total of $0.12 million. Following the sale, the insider now owns 82625.0 shares.
MBIA Inc disclosed in a document filed with the SEC on Dec 27 ’23 that VAUGHAN RICHARD C (Director) sold a total of 12,000 shares of the company’s common stock. The trade occurred on Dec 27 ’23 and was made at $6.31 per share for $75720.0. Following the transaction, the insider now directly holds 88184.0 shares of the MBI stock.
Still, SEC filings show that on Dec 28 ’23, VAUGHAN RICHARD C (Director) disposed off 3,000 shares at an average price of $6.08 for $18240.0. The insider now directly holds 85,184 shares of MBIA Inc (MBI).
