AMBAC Financial Group Inc. (NYSE: AMBC): Reassessing Prospects

AMBAC Financial Group Inc. (AMBC) concluded trading on Thursday at a closing price of $15.63, with 0.48 million shares of worth about $7.44 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.64% during that period and on March 28, 2024 the price saw a gain of about 3.03%. Currently the company’s common shares owned by public are about 45.20M shares, out of which, 44.05M shares are available for trading.

Stock saw a price change of 3.17% in past 5 days and over the past one month there was a price change of -7.73%. Year-to-date (YTD), AMBC shares are showing a performance of -5.16% which increased to 5.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.26 but also hit the highest price of $17.80 during that period. The average intraday trading volume for AMBAC Financial Group Inc. shares is 371.02K. The stock is currently trading 2.85% above its 20-day simple moving average (SMA20), while that difference is down -0.70% for SMA50 and it goes to 9.13% higher than SMA200.

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AMBAC Financial Group Inc. (NYSE: AMBC) currently have 45.20M outstanding shares and institutions hold larger chunk of about 85.41% of that.

The stock has a current market capitalization of $706.48M and its 3Y-monthly beta is at 1.29. PE ratio of stock for trailing 12 months is 97.50, while it has posted earnings per share of $0.16 in the same period. Its PEG reads 8.86 while making debt-to-equity ratio of 2.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMBC, volatility over the week remained 2.39% while standing at 3.19% over the month.

Analysts are in expectations that AMBAC Financial Group Inc. (AMBC) stock would likely to be making an EPS of $0.08 in the current quarter, while forecast for next quarter EPS is $0.01 and it is $0.35 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is $0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.3 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -92.89% while it is estimated to increase by 133.33% in next year. EPS is likely to grow at an annualized rate of 11.00% for next 5-years, compared to annual growth of -46.68% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Compass Point on August 09, 2023 offering a Buy rating for the stock and assigned a target price of $18 to it. Coverage by Compass Point stated AMBAC Financial Group Inc. (AMBC) stock as a Neutral in their note to investors on November 28, 2022, suggesting a price target of $18 for the stock. On May 12, 2017, MKM Partners Upgrade their recommendations, while on December 19, 2016, MKM Partners Downgrade their ratings for the stock with a price target of $10. Stock get a Neutral rating from MKM Partners on December 13, 2016.

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