Kingstone Cos. Inc (NASDAQ: KINS) has experienced a rise in its stock price by 3.67 compared to its previous closing price of 8.72. However, the company has seen a fall of -5.83% in its stock price over the last five trading days. accesswire.com reported 2024-09-03 that KINGSTON, NY / ACCESSWIRE / September 3, 2024 / Kingstone Companies, Inc. (NASDAQ:KINS) (the “Company” or “Kingstone”), a Northeast regional property and casualty insurance holding company, announced today that it has entered into a new Note Exchange Agreement (the “Exchange Agreement”) with its existing noteholders to refinance its outstanding 12% Senior Notes in the aggregate principal amount of $19.95 million due on December 30, 2024 (the “Existing Notes”). Pursuant to the Exchange Agreement, Kingstone will issue to the noteholders, in exchange for their Existing Notes, new 13.75% Senior Notes due June 30, 2026, in the aggregate principal amount of $14.95 million along with cash totaling $5 million.
Is It Worth Investing in Kingstone Cos. Inc (NASDAQ: KINS) Right Now?
Kingstone Cos. Inc (NASDAQ: KINS) has a higher price-to-earnings ratio of 21.28x compared to its average ratio. KINS has 36-month beta value of 0.57. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for KINS is 7.68M, and currently, short sellers hold a 0.52% ratio of that float. The average trading volume of KINS on September 04, 2024 was 102.34K shares.
KINS’s Market Performance
The stock of Kingstone Cos. Inc (KINS) has seen a -5.83% decrease in the past week, with a 33.93% rise in the past month, and a 86.78% gain in the past quarter. The volatility ratio for the week is 9.52%, and the volatility levels for the past 30 days are at 12.69% for KINS. The simple moving average for the past 20 days is 2.34% for KINS’s stock, with a 106.11% simple moving average for the past 200 days.
Analysts’ Opinion of KINS
Many brokerage firms have already submitted their reports for KINS stocks, with Janney repeating the rating for KINS by listing it as a “Buy.” The predicted price for KINS in the upcoming period, according to Janney is $6.50 based on the research report published on July 16, 2024 of the current year 2024.
Compass Point gave a rating of “Buy” to KINS, setting the target price at $10 in the report published on November 14th of the previous year.
KINS Trading at 32.63% from the 50-Day Moving Average
After a stumble in the market that brought KINS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.16% of loss for the given period.
Volatility was left at 12.69%, however, over the last 30 days, the volatility rate increased by 9.52%, as shares surge +32.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +80.80% upper at present.
During the last 5 trading sessions, KINS fell by -5.83%, which changed the moving average for the period of 200-days by +291.34% in comparison to the 20-day moving average, which settled at $8.94. In addition, Kingstone Cos. Inc saw 324.41% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for KINS
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- -14.63 for the gross margin
The net margin for Kingstone Cos. Inc stands at 0.04. The total capital return value is set at 0.03. Equity return is now at value 14.68, with 2.14 for asset returns.
Based on Kingstone Cos. Inc (KINS), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.75. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 0.01.
Currently, EBITDA for the company is -1.61 million with net debt to EBITDA at -2.53. When we switch over and look at the enterprise to sales, we see a ratio of 0.87. The receivables turnover for the company is 1.59for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
Conclusion
To put it simply, Kingstone Cos. Inc (KINS) has had a better performance in recent times. Analysts have a bullish 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.
