AMBAC Financial Group Inc (NYSE:AMBC) price on Thursday, March 20, rose 0.82% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.60.
A look at the stock’s price movement, the close in the last trading session was $8.53, moving within a range at $8.48 and $8.815. The beta value (5-Year monthly) was 1.265 while the PE ratio in trailing twelve months stood at 5.93. Turning to its 52-week performance, $18.45 and $7.92 were the 52-week high and 52-week low respectively. Overall, AMBC moved -25.73% over the past month.
AMBAC Financial Group Inc’s market cap currently stands at around $397.69 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMBC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend AMBC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AMBC’s current price about -9.03% and -19.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.82, while 7-day volatility ratio is 3.97% and 5.89% in the 30-day chart. Further, AMBAC Financial Group Inc (AMBC) has a beta value of 1.10, and an average true range (ATR) of 0.47. Analysts have given the company’s stock an average 52-week price target of $18, forecast between a low of $18 and high of $18. Looking at the price targets, the low is -109.3% off current price level while to achieve the yearly target high, price needs to move -109.3%. Nonetheless, investors will most likely welcome a -109.3% jump to $18 which is the analysts’ median price.
If we refocus on AMBAC Financial Group Inc (NYSE:AMBC), historical trading data shows that trading volumes averaged 1.45 over the past 10 days and 764.10K over the past 3 months. The company’s latest data on shares outstanding shows there are 46.51 million shares.
The 9.01% of AMBAC Financial Group Inc’s shares are in the hands of company insiders while institutional holders own 90.61% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.86 million on 2025-02-28, giving us a short ratio of 5.08. The data shows that as of 2025-02-28 short interest in AMBAC Financial Group Inc (AMBC) stood at 879.0000000000001 of shares outstanding, with shares short rising to 2.63 million registered in 2025-01-31. Current price change has pushed the stock -32.02% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMBC stock continues to rise going into the next quarter.
