MBIA Inc. (NYSE:MBI) went up by 4.49% 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 $7.21 to trade ended Tuesday trading at $6.90. This is up from the $6.9 price recorded on Monday’s trading session. Thanks to this latest performance, MBI is closer to the higher price 52-week target of $15.00 and further from the lowest price target of $8.00. Its performance from the start of the year has also been negative, with MBI down by -22.47% year-to-date.
MBIA Inc. (MBI) started the day trading at $7.02 and recorded an intraday high of $7.31. It also recorded an intraday low of $6.98 during Tuesday’s trading session. MBIA Inc. is a very active stock that recorded a trading volume that is more than 12.14% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 974619, which is more than 12.14 of the total average daily trading volume of 856.29K.
MBIA Inc. (NYSE:MBI) 2020 Performance Impressive
The increase in MBI’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 MBI currently stands at $10.90, which is higher than the current trading price of the stock by 33.85%. However, MBI’s current trading price is -46.25% lower than the 52-week low price of $4.93. In terms of trading volume, MBIA Inc. currently experienced healthy participation during the last trading session. 974619 shares of MBIA Inc. were traded on the stock exchange on Tuesday, which is more than 12.14% of the 856.29K average trading volume of the stock.
The performance of the stock has been positive over the past year. MBI’s performance over the past one year has seen it plunge by -22.14%, while the stock has gone down by -23.62% in the last six months. The quarterly performance of MBI currently stands at 5.10%, and it is up by 1.98% in the last month. The only negative figure was from the weekly performance, which currently reads -1.37%. At the time of writing MBI’s report, the company has a total market cap of $494.82M, making it one of the largest publicly-traded companies in the world.MBIA Inc. also has over 93 employees all over the world.
MBI Insider Activities
For MBIA Inc., insiders hold 90.70% of all company shares. The insider transactions over the past six months are up by 16.70%. During that period, insiders bought 815,774 shares in 18 transactions. In that same period, insiders sold 285,147 of their shares in 30 transactions. After these transactions, insiders at MBIA Inc. now hold 6.02M shares, which is over 90.32% of the total company stocks. Institutional investors currently hold a large chunk of the MBI shares, as they control 8.90% of the company’s total stock.
MBI Fundamental Analysis
For MBIA Inc., the stock’s diluted earnings per share (EPS) stands at -8.95. In the coming year, analysts expect the EPS to be -0.78. The EPS growth will up over the next five years to 10.00% after plunging by -28.70% in the previous five years. In terms of revenue, MBIA Inc.’s quarterly sales (YOY) is shrinking at -0.27, which is higher than the average annual revenue of -28.70% over the past half a decade.
The Return on Investment (ROI) on MBIA Inc.’s stock currently stands at -1.40%.
MBI Analysts Prediction
MKM Partners reiterate their Neutral position on the stock ($20 and $8)
Analysts at MKM Partners believe that MBI is Buy, and they have a price target of between $18 and $20. Odeon and MKM Partners also believe that MBIA Inc.’s stock is outperforming at the moment.
At the moment, MBIA Inc.’s Total Debt to Equity ratio stands at 9.05, and they have a long-term Debt to Equity ratio of 9.05.
MBI Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of MBI currently stands at -0.20%, while the SMA50 is -2.01%. The biggest one is the SMA200, which is currently reading -15.73% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 50.29.