Ambac Financial Group Inc. (NYSE:AMBC) went up by 2.99% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Insurance – Specialty giant went up by $14.82 to trade ended Tuesday trading at $14.39. This is up from the $14.39 price recorded on Monday’s trading session. Thanks to this latest performance, AMBC is closer to the higher price 52-week target of $26.00 and further from the lowest price target of $16.00. Its performance from the start of the year has also been negative, with AMBC down by -31.29% year-to-date.
Ambac Financial Group Inc. (AMBC) started the day trading at $14.63 and recorded an intraday high of $15.07. It also recorded an intraday low of $14.39 during Tuesday’s trading session. Ambac Financial Group Inc. is a very active stock that recorded a trading volume that is less than -7.14% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 554035, which is less than -7.14 of the total average daily trading volume of 593.57K.
Ambac Financial Group Inc. (NYSE:AMBC) 2020 Performance Impressive
The increase in AMBC’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of AMBC currently stands at $22.90, which is higher than the current trading price of the stock by 35.28%. However, AMBC’s current trading price is -69.57% lower than the 52-week low price of $8.74. In terms of trading volume, Ambac Financial Group Inc. currently experienced healthy participation during the last trading session. 554035 shares of Ambac Financial Group Inc. were traded on the stock exchange on Tuesday, which is less than -7.14% of the 593.57K average trading volume of the stock.
The performance of the stock has been positive over the past year. AMBC’s performance over the past one year has seen it plunge by -11.79%, while the stock has gone down by -31.83% in the last six months. The quarterly performance of AMBC currently stands at 41.01%, and it is up by 7.70% in the last month. The only negative figure was from the weekly performance, which currently reads -3.70%. At the time of writing AMBC’s report, the company has a total market cap of $705.88M, making it one of the largest publicly-traded companies in the world.Ambac Financial Group Inc. also has over 104 employees all over the world.
AMBC Insider Activities
For Ambac Financial Group Inc., insiders hold 80.20% of all company shares. The insider transactions over the past six months are up by 90.90%. During that period, insiders bought 246,529 shares in 41 transactions. In that same period, insiders sold 89,560 of their shares in 40 transactions. After these transactions, insiders at Ambac Financial Group Inc. now hold 517.76k shares, which is over 79.23% of the total company stocks. Institutional investors currently hold a large chunk of the AMBC shares, as they control 1.13% of the company’s total stock.
AMBC Fundamental Analysis
For Ambac Financial Group Inc., the stock’s diluted earnings per share (EPS) stands at -9.87. In the coming year, analysts expect the EPS to be -1.15. The EPS growth will up over the next five years to 11.00% after plunging by -19.70% in the previous five years. In terms of revenue, Ambac Financial Group Inc.’s quarterly sales (YOY) is shrinking at -0.61, which is higher than the average annual revenue of -19.70% over the past half a decade.
The Return on Investment (ROI) on Ambac Financial Group Inc.’s stock currently stands at 0.60%.
AMBC Analysts Prediction
The MKM Partners has a Sell rating for Ambac Financial Group Inc., predicting the stock price to stay between $27 and $10. Another analyst that has a Neutral rating for AMBC is MKM Partners, which set a price target of between $20 and $27. MKM Partners reiterate their Neutral position on the stock ($25 and $16.50)
Analysts at MKM Partners believe that AMBC is Sell, and they have a price target of between $21 and $15. AMBC received a positive rating from MKM Partners, which set a price target of $21-$21 for the stock.
At the moment, Ambac Financial Group Inc.’s Total Debt to Equity ratio stands at 7.01, and they have a long-term Debt to Equity ratio of 7.01.
AMBC Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of AMBC currently stands at 2.00%, while the SMA50 is -0.51%. The biggest one is the SMA200, which is currently reading -19.19% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 51.33.
