Enact Holdings Inc [NASDAQ: ACT] stock went on a downward path that fall over -0.93% on Tuesday, amounting to a one-week price increase of more than 10.50%.
Over the last 12 months, ACT stock rose by 19.16%. The one-year Enact Holdings Inc stock forecast points to a potential upside of 7.7. The average equity rating for ACT stock is currently 2.14, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $5.34 billion, with 152.32 million shares outstanding and 30.30 million shares in the current float. Compared to the average trading volume of 317.72K shares, ACT stock reached a trading volume of 5362861 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Enact Holdings Inc [ACT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ACT shares is $38.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ACT stock is a recommendation set at 2.14. 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.
UBS have made an estimate for Enact Holdings Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 06, 2023. The new note on the price target was released on November 13, 2023, representing the official price target for Enact Holdings Inc stock. Previously, the target price had yet another raise from $25 to $27, while BofA Securities kept a Neutral rating on ACT stock. On February 08, 2023, analysts increased their price target for ACT shares from 25 to 26.50.
The Average True Range (ATR) for Enact Holdings Inc is set at 1.12, with the Price to Sales ratio for ACT stock in the period of the last 12 months amounting to 4.44. The Price to Book ratio for the last quarter was 1.07. Price to Free Cash Flow for ACT in the course of the last twelve months was 7.78.
ACT Stock Performance Analysis:
Enact Holdings Inc [ACT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.50. With this latest performance, ACT shares gained by 5.41% in over the last four-week period, additionally sinking by -2.54% over the last 6 months – not to mention a rise of 19.16% 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 ACT stock in for the last two-week period is set at 57.56, with the RSI for the last a single of trading hit 59.34, and the three-weeks RSI is set at 56.46 for Enact Holdings Inc [ACT]. The present Moving Average for the last 50 days of trading for this stock 33.91, while it was recorded at 34.89 for the last single week of trading, and 34.06 for the last 200 days.
Insight into Enact Holdings Inc Fundamentals:
Enact Holdings Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.91.
ACT Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ACT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Enact Holdings Inc go to 1.82%.
Enact Holdings Inc [ACT] Institutonal Ownership Details
There are presently around $19.53%, or 103.59%% of ACT stock, in the hands of institutional investors. The top three institutional holders of ACT stocks are: VANGUARD GROUP INC with ownership of 3.14 million shares, which is approximately 1.9748%. BAYVIEW ASSET MANAGEMENT, LLC, holding 2.65 million shares of the stock with an approximate value of $$81.36 million in ACT stocks shares; and BAYVIEW ASSET MANAGEMENT, LLC, currently with $$79.19 million in ACT stock with ownership which is approximately 1.6432%.
