Enact Holdings Inc (NASDAQ: ACT) has a price-to-earnings ratio of 8.31x that is above its average ratio. Additionally, the 36-month beta value for ACT is 0.59. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for ACT is 29.74M and currently, short sellers hold a 3.23% ratio of that float. The average trading volume of ACT on October 28, 2024 was 249.80K shares.
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ACT) stock’s latest price update
The stock price of Enact Holdings Inc (NASDAQ: ACT) has plunged by -0.17 when compared to previous closing price of 34.65, but the company has seen a -3.97% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-10 that Enact Holdings (ACT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
ACT’s Market Performance
ACT’s stock has fallen by -3.97% in the past week, with a monthly drop of -4.47% and a quarterly rise of 0.87%. The volatility ratio for the week is 1.79% while the volatility levels for the last 30 days are 1.56% for Enact Holdings Inc The simple moving average for the past 20 days is -3.88% for ACT’s stock, with a 9.36% simple moving average for the past 200 days.
Analysts’ Opinion of ACT
Many brokerage firms have already submitted their reports for ACT stocks, with UBS repeating the rating for ACT by listing it as a “Neutral.” The predicted price for ACT in the upcoming period, according to UBS is $29 based on the research report published on December 06, 2023 of the previous year 2023.
BofA Securities, on the other hand, stated in their research note that they expect to see ACT reach a price target of $30. The rating they have provided for ACT stocks is “Buy” according to the report published on November 13th, 2023.
BofA Securities gave a rating of “Neutral” to ACT, setting the target price at $27 in the report published on May 09th of the previous year.
ACT Trading at -3.36% from the 50-Day Moving Average
After a stumble in the market that brought ACT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.56% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares sank -4.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.23% upper at present.
During the last 5 trading sessions, ACT fell by -4.08%, which changed the moving average for the period of 200-days by +22.74% in comparison to the 20-day moving average, which settled at $35.99. In addition, Enact Holdings Inc saw 19.73% 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 ACT starting from Genworth Holdings, Inc., who sale 673,037 shares at the price of $36.00 back on Sep 30 ’24. After this action, Genworth Holdings, Inc. now owns 125,496,457 shares of Enact Holdings Inc, valued at $24,227,380 using the latest closing price.
Genworth Holdings, Inc., the 10% Owner of Enact Holdings Inc, sale 697,093 shares at $33.57 during a trade that took place back on Aug 30 ’24, which means that Genworth Holdings, Inc. is holding 126,169,494 shares at $23,402,039 based on the most recent closing price.
Stock Fundamentals for ACT
Current profitability levels for the company are sitting at:
- 0.76 for the present operating margin
- 1.0 for the gross margin
The net margin for Enact Holdings Inc stands at 0.56. The total capital return value is set at 0.15. Equity return is now at value 14.48, with 10.86 for asset returns.
Based on Enact Holdings Inc (ACT), the company’s capital structure generated 0.13 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 0.15. The interest coverage ratio of the stock is 17.12.
Currently, EBITDA for the company is -51.74 million with net debt to EBITDA at 0.1. When we switch over and look at the enterprise to sales, we see a ratio of 4.58. The receivables turnover for the company is 24.35for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.43.
Conclusion
In conclusion, Enact Holdings Inc (ACT) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
