SiriusPoint Ltd (NYSE:SPNT) shares, rose in value, with the stock price up by 1.60% to the previous day’s close as strong demand from buyers drove the stock to $12.08.
Actively observing the price movement in the last trading, the stock closed the session at $11.89. The PE ratio was 5.95 over 12-month period. Referring to stock’s 52-week performance, its high was $13.03, and the low was $8.39. On the whole, SPNT has fluctuated by -3.67% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SPNT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.40, with the price of SPNT currently trading nearly -1.91% and -1.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.21, while the 7-day volatility ratio is showing 2.37% which for the 30-day chart, stands at 2.53%. Furthermore, SiriusPoint Ltd (SPNT)’s beta value is 0.95, and its average true range (ATR) is 0.30.
A comparison of SiriusPoint Ltd (SPNT) with its peers suggests the former has fared considerably weaker in the market. SPNT showed an intraday change of 1.60% in last session, and over the past year, it grew by 35.88%%.
Data on historical trading for SiriusPoint Ltd (NYSE:SPNT) indicates that the trading volumes over the past 3 months, they’ve averaged 603.84K. According to company’s latest data on outstanding shares, there are 168.12 million shares outstanding.
Nearly 44.01% of SiriusPoint Ltd’s shares belong to company insiders and institutional investors own 53.43% of the company’s shares. The stock has risen by 4.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPNT stock heading into the next quarter.
