AMBAC Financial Group Inc (NYSE: AMBC) is -32.02% lower on its value in year-to-date trading and has touched a low of $7.92 and a high of $18.45 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 AMBC stock was last observed hovering at around $8.53 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $8.60, the stock is -9.03% and -19.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing 0.82% at the moment leaves the stock -26.58% off its SMA200. AMBC registered -41.06% loss for a year compared to 6-month gain of -23.01%. The firm has a 50-day simple moving average (SMA 50) of $10.6682 and a 200-day simple moving average (SMA200) of $11.7138.
The stock witnessed a -25.73% loss in the last 1 month and extending the period to 3 months gives it a -36.53%, and is 2.50% 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 3.97% over the week and 5.89% over the month.
AMBAC Financial Group Inc (AMBC) has around 380 employees, a market worth around $397.68M and $389.22M in sales. Current P/E ratio is 5.93 and Fwd P/E is 28.67. Profit margin for the company is 17.12%. Distance from 52-week low is 8.59% and -53.39% from its 52-week high. The company has generated returns on investments over the last 12 months (7.63%).
The EPS is expected to grow by 111.11% this year
249.0 institutions hold shares in AMBAC Financial Group Inc (AMBC), with institutional investors hold 96.00% of the company’s shares. The shares outstanding are 46.51M, and float is at 42.08M with Short Float at 6.80%. Institutions hold 92.32% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.46 million shares valued at $95.69 million. The investor’s holdings represent 16.2868 of the AMBC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.89 million shares valued at $62.65 million to account for 10.6641 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 2.95 million shares representing 6.3904 and valued at over $37.86 million, while REPERTOIRE PARTNERS LP holds 4.4908 of the shares totaling 2.08 million with a market value of $26.6 million.
AMBAC Financial Group Inc (AMBC) Insider Activity
The most recent transaction is an insider purchase by Matus Kristi Ann, the company’s Director. SEC filings show that Matus Kristi Ann bought 6,300 shares of the company’s common stock on Sep 27 ’24 at a price of $11.16 per share for a total of $70308.0. Following the purchase, the insider now owns 9000.0 shares.
AMBAC Financial Group Inc disclosed in a document filed with the SEC on Sep 26 ’24 that Matus Kristi Ann (Director) bought a total of 2,700 shares of the company’s common stock. The trade occurred on Sep 26 ’24 and was made at $11.27 per share for $30429.0. Following the transaction, the insider now directly holds 2700.0 shares of the AMBC stock.
Still, SEC filings show that on Aug 08 ’24, Smith R Sharon (Exec VP & Chief Strategy Offr) acquired 1,100 shares at an average price of $10.64 for $11704.0. The insider now directly holds 74,707 shares of AMBAC Financial Group Inc (AMBC).
