In the past week, FIHL stock has gone up by 0.58%, with a monthly gain of 12.95% and a quarterly surge of 57.04%. The volatility ratio for the week is 2.87%, and the volatility levels for the last 30 days are 2.73% for Fidelis Insurance Holdings Ltd. The simple moving average for the last 20 days is 2.75% for FIHL’s stock, with a simple moving average of 35.81% for the last 200 days.
Is It Worth Investing in Fidelis Insurance Holdings Ltd. (NYSE: FIHL) Right Now?
The price-to-earnings ratio for Fidelis Insurance Holdings Ltd. (NYSE: FIHL) is 1.05x, which is above its average ratio. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FIHL is 40.16M and currently, short sellers hold a 1.49% of that float. On April 05, 2024, FIHL’s average trading volume was 615.69K shares.
FIHL) stock’s latest price update
Fidelis Insurance Holdings Ltd. (NYSE: FIHL) has experienced a decline in its stock price by -1.99 compared to its previous closing price of 19.58. However, the company has seen a gain of 0.58% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-04 that With a number of insurance stocks currently holding spots on the Zacks Rank #1 (Strong Buy) list, the Zacks Insurance-Multi Line Industry is standing out in particular.
Analysts’ Opinion of FIHL
Many brokerage firms have already submitted their reports for FIHL stocks, with JP Morgan repeating the rating for FIHL by listing it as a “Neutral.” The predicted price for FIHL in the upcoming period, according to JP Morgan is $15 based on the research report published on January 08, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see FIHL reach a price target of $16.50. The rating they have provided for FIHL stocks is “Overweight” according to the report published on July 27th, 2023.
BMO Capital Markets gave a rating of “Market Perform” to FIHL, setting the target price at $15 in the report published on July 25th of the previous year.
FIHL Trading at 22.48% from the 50-Day Moving Average
After a stumble in the market that brought FIHL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.98% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +7.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +53.03% upper at present.
During the last 5 trading sessions, FIHL rose by +0.58%, in comparison to the 20-day moving average, which settled at $18.75. In addition, Fidelis Insurance Holdings Ltd. saw 51.46% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FIHL
Current profitability levels for the company are sitting at:
- 1.15 for the present operating margin
- 1.0 for the gross margin
The net margin for Fidelis Insurance Holdings Ltd. stands at 1.09. The total capital return value is set at 0.44.
Based on Fidelis Insurance Holdings Ltd. (FIHL), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 63.38.
Currently, EBITDA for the company is 0.3 million with net debt to EBITDA at -0.23. When we switch over and look at the enterprise to sales, we see a ratio of 0.92. The receivables turnover for the company is 0.53for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
To wrap up, the performance of Fidelis Insurance Holdings Ltd. (FIHL) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
