The stock price of Arch Capital Group Ltd (NASDAQ: ACGL) has surged by 1.23 when compared to previous closing price of 97.01, but the company has seen a 2.05% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-30 that The headline numbers for Arch Capital (ACGL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Arch Capital Group Ltd (NASDAQ: ACGL) Right Now?
The price-to-earnings ratio for Arch Capital Group Ltd (NASDAQ: ACGL) is 7.76x, which is above its average ratio. Moreover, the 36-month beta value for ACGL is 0.59. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for ACGL is 362.68M and currently, short sellers hold a 1.31% of that float. On July 31, 2024, ACGL’s average trading volume was 1.60M shares.
ACGL’s Market Performance
ACGL stock saw a decrease of 2.05% in the past week, with a monthly decline of -2.67% and a quarterly a decrease of 7.62%. The volatility ratio for the week is 2.10%, and the volatility levels for the last 30 days are 1.75% for Arch Capital Group Ltd (ACGL). The simple moving average for the past 20 days is 0.83% for ACGL’s stock, with a 10.25% simple moving average for the past 200 days.
Analysts’ Opinion of ACGL
Many brokerage firms have already submitted their reports for ACGL stocks, with TD Cowen repeating the rating for ACGL by listing it as a “Outperform.” The predicted price for ACGL in the upcoming period, according to TD Cowen is $96 based on the research report published on January 10, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see ACGL reach a price target of $88. The rating they have provided for ACGL stocks is “In-line” according to the report published on December 14th, 2023.
Citigroup gave a rating of “Neutral” to ACGL, setting the target price at $91 in the report published on November 22nd of the previous year.
ACGL Trading at -1.30% from the 50-Day Moving Average
After a stumble in the market that brought ACGL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.39% of loss for the given period.
Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -2.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.63% lower at present.
During the last 5 trading sessions, ACGL rose by +2.05%, which changed the moving average for the period of 200-days by +18.28% in comparison to the 20-day moving average, which settled at $97.27. In addition, Arch Capital Group Ltd saw 32.22% 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 ACGL starting from Gansberg David, who sale 10,000 shares at the price of $96.64 back on May 06 ’24. After this action, Gansberg David now owns 228,035 shares of Arch Capital Group Ltd, valued at $966,444 using the latest closing price.
Papadopoulo Nicolas, the OFFICER OF SUBSIDIARY of Arch Capital Group Ltd, sale 60,000 shares at $87.52 during a trade that took place back on Mar 07 ’24, which means that Papadopoulo Nicolas is holding 651,931 shares at $5,251,302 based on the most recent closing price.
Stock Fundamentals for ACGL
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.9 for the gross margin
The net margin for Arch Capital Group Ltd stands at 0.34. The total capital return value is set at 0.09. Equity return is now at value 29.08, with 10.22 for asset returns.
Based on Arch Capital Group Ltd (ACGL), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 2.33. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 21.27.
Currently, EBITDA for the company is 184.0 million with net debt to EBITDA at 0.63. When we switch over and look at the enterprise to sales, we see a ratio of 2.7. The receivables turnover for the company is 0.93for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.
Conclusion
To wrap up, the performance of Arch Capital Group Ltd (ACGL) 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.
