The price-to-earnings ratio for Fidelis Insurance Holdings Ltd. (NYSE: FIHL) is above average at 3.99x, Company’s 36-month beta value is -0.08.Analysts have differing 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 39.38M, and currently, short sellers hold a 4.77% ratio of that floaft. The average trading volume of FIHL on July 04, 2024 was 674.15K shares.
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FIHL) stock’s latest price update
Fidelis Insurance Holdings Ltd. (NYSE: FIHL) has experienced a decline in its stock price by -1.09 compared to its previous closing price of 16.47. However, the company has seen a gain of 0.31% in its stock price over the last five trading days. businesswire.com reported 2024-06-25 that PEMBROKE, Bermuda–(BUSINESS WIRE)–Fidelis Insurance Holdings Limited (NYSE:FIHL) (“Fidelis Insurance Group” or the “Company”), a global specialty insurer, today announced that it expects to release financial results for the second quarter ended June 30, 2024, on August 14, 2024, after the close of the financial markets. These documents will be available on the Company’s investor website at https://investors.fidelisinsurance.com. Dan Burrows, Group Chief Executive Officer, and Allan Decleir, G.
FIHL’s Market Performance
FIHL’s stock has risen by 0.31% in the past week, with a monthly rise of 0.18% and a quarterly drop of -16.80%. The volatility ratio for the week is 2.08% while the volatility levels for the last 30 days are 2.47% for Fidelis Insurance Holdings Ltd. The simple moving average for the last 20 days is 1.47% for FIHL’s stock, with a simple moving average of 6.66% for the last 200 days.
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 -5.83% 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 -20.65% of loss for the given period.
Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares surge +3.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.49% lower at present.
During the last 5 trading sessions, FIHL rose by +0.31%, which changed the moving average for the period of 200-days by +12.11% in comparison to the 20-day moving average, which settled at $16.08. In addition, Fidelis Insurance Holdings Ltd. saw 28.57% 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:
- 0.39 for the present operating margin
- 1.0 for the gross margin
The net margin for Fidelis Insurance Holdings Ltd. stands at 0.23. The total capital return value is set at 0.15. Equity return is now at value 21.76, with 6.20 for asset returns.
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 0.2. The interest coverage ratio of the stock is 22.6.
Currently, EBITDA for the company is 0.3 million with net debt to EBITDA at -2.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.73. The receivables turnover for the company is 0.47for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
In a nutshell, Fidelis Insurance Holdings Ltd. (FIHL) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
