The stock of Essent Group Ltd (ESNT) has gone down by -1.07% for the week, with a -8.46% drop in the past month and a -2.85% drop in the past quarter. The volatility ratio for the week is 1.43%, and the volatility levels for the past 30 days are 1.74% for ESNT. The simple moving average for the past 20 days is -1.43% for ESNT’s stock, with a 4.06% simple moving average for the past 200 days.
Is It Worth Investing in Essent Group Ltd (NYSE: ESNT) Right Now?
Essent Group Ltd (NYSE: ESNT) has a price-to-earnings ratio of 8.24x that is above its average ratio. Additionally, the 36-month beta value for ESNT is 1.05. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for ESNT is 103.51M and currently, short sellers hold a 0.78% ratio of that float. The average trading volume of ESNT on May 02, 2024 was 539.90K shares.
ESNT) stock’s latest price update
Essent Group Ltd (NYSE: ESNT)’s stock price has plunge by 1.17relation to previous closing price of 52.97. Nevertheless, the company has seen a -1.07% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-26 that Essent Group (ESNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of ESNT
Many brokerage firms have already submitted their reports for ESNT stocks, with JP Morgan repeating the rating for ESNT by listing it as a “Neutral.” The predicted price for ESNT in the upcoming period, according to JP Morgan is $61 based on the research report published on April 03, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see ESNT reach a price target of $54. The rating they have provided for ESNT stocks is “Neutral” according to the report published on December 06th, 2023.
Barclays gave a rating of “Overweight” to ESNT, setting the target price at $60 in the report published on November 15th of the previous year.
ESNT Trading at -2.40% from the 50-Day Moving Average
After a stumble in the market that brought ESNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.53% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares sank -7.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.18% upper at present.
During the last 5 trading sessions, ESNT fell by -1.07%, which changed the moving average for the period of 200-days by +10.27% in comparison to the 20-day moving average, which settled at $54.14. In addition, Essent Group Ltd saw 1.61% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ESNT starting from Bhasin Vijay, who sale 12,925 shares at the price of $55.05 back on Jan 19 ’24. After this action, Bhasin Vijay now owns 201,519 shares of Essent Group Ltd, valued at $711,521 using the latest closing price.
Gibbons Mary Lourdes, the SVP and Chief Legal Officer of Essent Group Ltd, sale 5,000 shares at $55.00 during a trade that took place back on Jan 19 ’24, which means that Gibbons Mary Lourdes is holding 247,969 shares at $275,000 based on the most recent closing price.
Stock Fundamentals for ESNT
Current profitability levels for the company are sitting at:
- 0.74 for the present operating margin
- 0.87 for the gross margin
The net margin for Essent Group Ltd stands at 0.62. The total capital return value is set at 0.13. Equity return is now at value 14.56, with 11.31 for asset returns.
Based on Essent Group Ltd (ESNT), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 1.79. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 27.33.
Currently, EBITDA for the company is 4.53 million with net debt to EBITDA at 0.52. When we switch over and look at the enterprise to sales, we see a ratio of 5.42. The receivables turnover for the company is 17.63for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.74.
Conclusion
In conclusion, Essent Group Ltd (ESNT) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
