American Coastal Insurance Corp [NASDAQ: ACIC] closed the trading session at $10.85.
The stocks have a year to date performance of -16.28 percent and weekly performance of -1.90 percent. The stock has been moved at -13.98 percent over the last six months. The stock has performed -2.60 percent around the most recent 30 days and changed -16.54 percent over the most recent 3-months.
If compared to the average trading volume of 185.44K shares, ACIC reached to a volume of 131263 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about American Coastal Insurance Corp [ACIC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ACIC shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ACIC stock is a recommendation set at 2.00. 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.
Raymond James have made an estimate for American Coastal Insurance Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 17, 2024. The new note on the price target was released on August 10, 2021, representing the official price target for American Coastal Insurance Corp stock. Previously, the target price had yet another raise to $12.50, while Wells Fargo analysts kept a Underweight rating on ACIC stock. On May 08, 2019, analysts decreased their price target for ACIC shares from 19 to 17.
The Average True Range (ATR) for American Coastal Insurance Corp is set at 0.41, with the Price to Sales ratio for ACIC stock in the period of the last 12 months amounting to 1.74. The Price to Book ratio for the last quarter was 2.01. Price to Free Cash Flow for ACIC in the course of the last twelve months was 3.61.
ACIC stock trade performance evaluation
American Coastal Insurance Corp [ACIC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.90. With this latest performance, ACIC shares dropped by -2.60% in over the last four-week period, additionally sinking by -13.98% over the last 6 months – not to mention a drop of -16.34% 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 ACIC stock in for the last two-week period is set at 42.07, with the RSI for the last a single of trading hit 40.00, and the three-weeks RSI is set at 43.20 for American Coastal Insurance Corp [ACIC]. The present Moving Average for the last 50 days of trading for this stock 11.33, while it was recorded at 10.95 for the last single week of trading, and 11.89 for the last 200 days.
American Coastal Insurance Corp [ACIC]: An insightful look at the core fundamentals
American Coastal Insurance Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 3.71.
Earnings per share (EPS) analysis for American Coastal Insurance Corp [ACIC] stock
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 ACIC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American Coastal Insurance Corp go to -1.30%.
American Coastal Insurance Corp [ACIC]: Institutional Ownership
There are presently around $28.41%, or 56.82%% of ACIC stock, in the hands of institutional investors.
