MBIA Inc (NYSE: MBI) is 7.84% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MBI stock was last observed hovering at around $6.58 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $6.60, the stock is 40.38% and 62.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 0.30% at the moment leaves the stock 27.53% off its SMA200. MBI registered 111.02% gain for a year compared to 6-month loss of 13.79%. The firm has a 50-day simple moving average (SMA 50) of $4.064 and a 200-day simple moving average (SMA200) of $5.17515.
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The stock witnessed a 74.14% gain in the last 1 month and extending the period to 3 months gives it a 78.86%, and is 34.42% 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 10.20% over the week and 6.51% over the month.
MBIA Inc (MBI) has around 61 employees, a market worth around $336.80M and $-27.00M in sales. Profit margin for the company is 1948.15%. Distance from 52-week low is 114.30% and -9.96% 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 28.75% this year
146.0 institutions hold shares in MBIA Inc (MBI), with institutional investors hold 55.10% 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 47.40% 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
MBIA Inc disclosed in a document filed with the SEC on Jun 13 ’24 that Shasta Theodore (Director) sold a total of 21,405 shares of the company’s common stock. The trade occurred on Jun 13 ’24 and was made at $5.52 per share for $0.12 million. Following the transaction, the insider now directly holds 82625.0 shares of the MBI stock.
Still, SEC filings show that on Dec 27 ’23, VAUGHAN RICHARD C (Director) disposed off 12,000 shares at an average price of $6.31 for $75720.0. The insider now directly holds 88,184 shares of MBIA Inc (MBI).
