The stock of Fidelis Insurance Holdings Ltd. (FIHL) has seen a -3.88% decrease in the past week, with a -2.08% drop in the past month, and a 42.69% flourish in the past quarter. The volatility ratio for the week is 3.25%, and the volatility levels for the past 30 days are at 2.78% for FIHL. The simple moving average for the past 20 days is -1.35% for FIHL’s stock, with a 29.10% simple moving average for the past 200 days.
Is It Worth Investing in Fidelis Insurance Holdings Ltd. (NYSE: FIHL) Right Now?
Fidelis Insurance Holdings Ltd. (NYSE: FIHL) has a higher price-to-earnings ratio of 1.03x compared to its average ratio. Analysts have mixed views 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 3.50% ratio of that float. The average trading volume of FIHL on April 30, 2024 was 657.94K shares.
FIHL) stock’s latest price update
Fidelis Insurance Holdings Ltd. (NYSE: FIHL) has seen a decline in its stock price by -5.89 in relation to its previous close of 20.03. However, the company has experienced a -3.88% decline in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-09 that Fidelis crushed analyst estimates for the fourth quarter. The company also initiated a quarterly dividend.
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 5.32% 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 -8.18% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 3.25%, as shares sank -1.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.79% upper at present.
During the last 5 trading sessions, FIHL fell by -3.62%, which changed the moving average for the period of 200-days by +38.26% in comparison to the 20-day moving average, which settled at $19.09. In addition, Fidelis Insurance Holdings Ltd. saw 48.78% 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 0.9. 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 put it simply, Fidelis Insurance Holdings Ltd. (FIHL) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
