Fidelis Insurance Holdings Ltd. [FIHL] Is Currently -0.28 below its 200 Period Moving Avg: What Does This Mean?

Fidelis Insurance Holdings Ltd. [NYSE: FIHL] price plunged by -0.28 percent to reach at -$0.05.

The one-year FIHL stock forecast points to a potential upside of 14.67. The average equity rating for FIHL stock is currently 1.89, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on Fidelis Insurance Holdings Ltd. [FIHL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FIHL shares is $21.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FIHL stock is a recommendation set at 1.89. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for Fidelis Insurance Holdings Ltd. shares, keeping their opinion on the stock as In-line, with their previous recommendation back on July 17, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $16.50 to $15. The new note on the price target was released on January 08, 2024, representing the official price target for Fidelis Insurance Holdings Ltd. stock. Previously, the target price had yet another raise to $16.50, while JP Morgan analysts kept a Overweight rating on FIHL stock.

The Average True Range (ATR) for Fidelis Insurance Holdings Ltd. is set at 0.57, with the Price to Sales ratio for FIHL stock in the period of the last 12 months amounting to 1.02. The Price to Book ratio for the last quarter was 0.84.

FIHL Stock Performance Analysis:

Fidelis Insurance Holdings Ltd. [FIHL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.58. With this latest performance, FIHL shares gained by 1.24% in over the last four-week period, additionally plugging by 37.07% over the last 6 months – not to mention a rise of 35.83% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FIHL stock in for the last two-week period is set at 61.50, with the RSI for the last a single of trading hit 66.21, and the three-weeks RSI is set at 58.47 for Fidelis Insurance Holdings Ltd. [FIHL]. The present Moving Average for the last 50 days of trading for this stock 16.76, while it was recorded at 17.64 for the last single week of trading, and 15.70 for the last 200 days.

Insight into Fidelis Insurance Holdings Ltd. Fundamentals:

Fidelis Insurance Holdings Ltd.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.34.

Fidelis Insurance Holdings Ltd. [FIHL] Institutonal Ownership Details

The top three institutional holders of FIHL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in FIHL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in FIHL stock with ownership which is approximately 5.1238%.