The stock of American Coastal Insurance Corp (NASDAQ: ACIC) has increased by 17.55 when compared to last closing price of 10.91. Despite this, the company has experienced a 24.15% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-02-29 that American Coastal Insurance Corporation (ACIC) Q4 2023 Earnings Call Transcript
Is It Worth Investing in American Coastal Insurance Corp (NASDAQ: ACIC) Right Now?
American Coastal Insurance Corp (NASDAQ: ACIC) has a higher price-to-earnings ratio of 8.91x compared to its average ratio. ACIC has 36-month beta value of -0.25. 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 ACIC is 22.47M, and currently, short sellers hold a 3.95% ratio of that float. The average trading volume of ACIC on May 10, 2024 was 328.68K shares.
ACIC’s Market Performance
The stock of American Coastal Insurance Corp (ACIC) has seen a 24.15% increase in the past week, with a 15.23% rise in the past month, and a 9.85% gain in the past quarter. The volatility ratio for the week is 2.95%, and the volatility levels for the past 30 days are at 3.45% for ACIC. The simple moving average for the past 20 days is 20.74% for ACIC’s stock, with a 39.02% simple moving average for the past 200 days.
Analysts’ Opinion of ACIC
Many brokerage firms have already submitted their reports for ACIC stocks, with Raymond James repeating the rating for ACIC by listing it as a “Outperform.” The predicted price for ACIC in the upcoming period, according to Raymond James is $15 based on the research report published on January 17, 2024 of the current year 2024.
Wells Fargo gave a rating of “Underweight” to ACIC, setting the target price at $12.50 in the report published on January 06th of the previous year.
ACIC Trading at 19.49% from the 50-Day Moving Average
After a stumble in the market that brought ACIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.00% of loss for the given period.
Volatility was left at 3.45%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares surge +17.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.32% lower at present.
During the last 5 trading sessions, ACIC rose by +23.72%, which changed the moving average for the period of 200-days by +156.63% in comparison to the 20-day moving average, which settled at $10.72. In addition, American Coastal Insurance Corp saw 35.57% 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 ACIC starting from DAVIS KERN MICHAEL, who purchase 1,572 shares at the price of $10.12 back on Mar 22 ’24. After this action, DAVIS KERN MICHAEL now owns 3,326 shares of American Coastal Insurance Corp, valued at $15,915 using the latest closing price.
Maroney Patrick, the Director of American Coastal Insurance Corp, purchase 5,000 shares at $8.50 during a trade that took place back on Dec 19 ’23, which means that Maroney Patrick is holding 85,000 shares at $42,500 based on the most recent closing price.
Stock Fundamentals for ACIC
Current profitability levels for the company are sitting at:
- 0.98 for the present operating margin
- 1.0 for the gross margin
The net margin for American Coastal Insurance Corp stands at 1.03. The total capital return value is set at 0.54. Equity return is now at value 46.08, with 10.43 for asset returns.
Based on American Coastal Insurance Corp (ACIC), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -0.91. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 27.05.
Currently, EBITDA for the company is 227.71 million with net debt to EBITDA at -0.07. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The receivables turnover for the company is 0.77for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.95.
Conclusion
To put it simply, American Coastal Insurance Corp (ACIC) has had a better 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.
