The stock price of Hamilton Insurance Group Ltd. (NYSE: HG) has jumped by 0.16 compared to previous close of 19.30. Despite this, the company has seen a fall of -0.36% in its stock price over the last five trading days. globenewswire.com reported 2024-09-04 that VANCOUVER, British Columbia, Sept. 04, 2024 (GLOBE NEWSWIRE) — HydroGraph Clean Power Inc. (CSE: HG) (OTCQB: HGRAF) (FRA: M98) (the “Company” or “HydroGraph”), a sustainable commercial manufacturer of pristine graphene, has announced the filing of two new US patent applications for graphene-coated hollow glass microsphere technology (HGMS).
Is It Worth Investing in Hamilton Insurance Group Ltd. (NYSE: HG) Right Now?
Hamilton Insurance Group Ltd. (NYSE: HG) has a higher price-to-earnings ratio of 4.55x compared to its average ratio, Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for HG is 51.26M, and currently, shorts hold a 0.74% of that float. The average trading volume for HG on September 06, 2024 was 501.01K shares.
HG’s Market Performance
HG’s stock has seen a -0.36% decrease for the week, with a 24.95% rise in the past month and a 9.46% gain in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 3.31% for Hamilton Insurance Group Ltd.. The simple moving average for the past 20 days is 3.15% for HG’s stock, with a 24.50% simple moving average for the past 200 days.
Analysts’ Opinion of HG
Morgan Stanley, on the other hand, stated in their research note that they expect to see HG reach a price target of $19. The rating they have provided for HG stocks is “Equal-Weight” according to the report published on August 19th, 2024.
Wells Fargo gave a rating of “Overweight” to HG, setting the target price at $16 in the report published on April 11th of the current year.
HG Trading at 11.34% from the 50-Day Moving Average
After a stumble in the market that brought HG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.65% of loss for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +24.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.80% upper at present.
During the last 5 trading sessions, HG fell by -0.36%, which changed the moving average for the period of 200-days by +27.68% in comparison to the 20-day moving average, which settled at $18.93. In addition, Hamilton Insurance Group Ltd. saw 29.30% 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 HG starting from Patterson Alan Neil, who purchase 21,135 shares at the price of $16.66 back on May 16 ’24. After this action, Patterson Alan Neil now owns 21,135 shares of Hamilton Insurance Group Ltd., valued at $352,109 using the latest closing price.
Deegan Brian John, the Group Chief Accounting Officer of Hamilton Insurance Group Ltd., sale 22,000 shares at $16.70 during a trade that took place back on May 16 ’24, which means that Deegan Brian John is holding 18,957 shares at $367,400 based on the most recent closing price.
Stock Fundamentals for HG
Current profitability levels for the company are sitting at:
- 0.44 for the present operating margin
- 0.99 for the gross margin
The net margin for Hamilton Insurance Group Ltd. stands at 0.23. The total capital return value is set at 0.24. Equity return is now at value 22.99, with 8.12 for asset returns.
Based on Hamilton Insurance Group Ltd. (HG), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 2.86. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 38.2.
Currently, EBITDA for the company is -9.15 million with net debt to EBITDA at -2.14. When we switch over and look at the enterprise to sales, we see a ratio of 0.55. The receivables turnover for the company is 0.87for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
In conclusion, Hamilton Insurance Group Ltd. (HG) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
