Is There More Upside Ahead For Fidelis Insurance Holdings Ltd. (NYSE: FIHL)

Fidelis Insurance Holdings Ltd. (FIHL) concluded trading on Thursday ata closing price of $17.97, with 3.59 million shares of worth about $64.49 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 37.07% during that period and on August 15, 2024 the price saw a loss of about -0.28%. Currently the company’s common shares owned by public are about 117.91M shares, out of which, 41.89M shares are available for trading.

Stock saw a price change of 5.58% in past 5 days and over the past one month there was a price change of 1.24%. Year-to-date (YTD), FIHL shares are showing a performance of 41.83% which increased to 35.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.55 but also hit the highest price of $20.53 during that period. The average intraday trading volume for Fidelis Insurance Holdings Ltd. shares is 591.85K. The stock is currently trading 4.07% above its 20-day simple moving average (SMA20), while that difference is up 7.51% for SMA50 and it goes to 14.61% higher than SMA200.

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Fidelis Insurance Holdings Ltd. (NYSE: FIHL) currently have 117.91M outstanding shares and institutions hold larger chunk of about 35.75% of that.

The stock has a current market capitalization of $2.10B and its 3Y-monthly beta is at -0.09. PE ratio of stock for trailing 12 months is 4.40, while it has posted earnings per share of $4.08 in the same period. It has a debt-to-equity ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FIHL, volatility over the week remained 3.95% while standing at 3.09% over the month.

Stock’s fiscal year EPS is expected to drop by -12.64% while it is estimated to increase by 16.01% in next year.

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 Evercore ISI on July 17, 2024 offering an In-line rating for the stock and assigned a target price of $19 to it. Coverage by JP Morgan stated Fidelis Insurance Holdings Ltd. (FIHL) stock as a Neutral in their note to investors on January 08, 2024, suggesting a price target of $15 for the stock. On July 27, 2023, JP Morgan Initiated their recommendations, while on July 25, 2023, BMO Capital Markets Initiated their ratings for the stock with a price target of $15. Stock get a Buy rating from UBS on July 24, 2023.

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