In the past week, ESNT stock has gone down by -11.90%, with a monthly decline of -14.52% and a quarterly plunge of -8.60%. The volatility ratio for the week is 3.01%, and the volatility levels for the last 30 days are 1.82% for Essent Group Ltd The simple moving average for the last 20 days is -12.25% for ESNT stock, with a simple moving average of -7.43% for the last 200 days.
Is It Worth Investing in Essent Group Ltd (NYSE: ESNT) Right Now?
The price-to-earnings ratio for Essent Group Ltd (NYSE: ESNT) is 7.77x, which is above its average ratio. Moreover, the 36-month beta value for ESNT is 1.12. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for ESNT is 102.89M and currently, short sellers hold a 0.79% of that float. On November 06, 2024, ESNT’s average trading volume was 477.85K shares.
ESNT) stock’s latest price update
Essent Group Ltd (NYSE: ESNT) has seen a decline in its stock price by -0.85 in relation to its previous close of 54.11. However, the company has experienced a -11.90% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-01 that Essent Group Ltd. (NYSE:ESNT ) Q3 2024 Earnings Call Transcript November 1, 2024 10:00 AM ET Company Participants Phil Stefano – IR Mark Casale – Chairman and CEO David Weinstock – CFO Chris Curran – President, Essent Guaranty Conference Call Participants Terry Ma – Barclays Doug Harter – UBS Bose George – KBW Mihir Bhatia – Bank of America Melissa Wedel – JPMorgan Operator Ladies and gentlemen, thank you for standing by.
Analysts’ Opinion of ESNT
Many brokerage firms have already submitted their reports for ESNT stocks, with Keefe Bruyette repeating the rating for ESNT by listing it as a “Outperform.” The predicted price for ESNT in the upcoming period, according to Keefe Bruyette is $70 based on the research report published on August 05, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see ESNT reach a price target of $61, previously predicting the price at $58. The rating they have provided for ESNT stocks is “Neutral” according to the report published on April 03rd, 2024.
UBS gave a rating of “Neutral” to ESNT, setting the target price at $54 in the report published on December 06th of the previous year.
ESNT Trading at -14.23% from the 50-Day Moving Average
After a stumble in the market that brought ESNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.88% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares sank -15.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.76% lower at present.
During the last 5 trading sessions, ESNT fell by -11.90%, which changed the moving average for the period of 200-days by -2.77% in comparison to the 20-day moving average, which settled at $61.14. In addition, Essent Group Ltd saw 1.73% 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 ESNT starting from WEINSTOCK DAVID B, who sale 2,000 shares at the price of $63.59 back on Sep 18 ’24. After this action, WEINSTOCK DAVID B now owns 25,416 shares of Essent Group Ltd, valued at $127,180 using the latest closing price.
WEINSTOCK DAVID B, the Officer of Essent Group Ltd, proposed sale 2,000 shares at $63.59 during a trade that took place back on Sep 18 ’24, which means that WEINSTOCK DAVID B is holding shares at $127,179 based on the most recent closing price.
Stock Fundamentals for ESNT
Current profitability levels for the company are sitting at:
- 0.75 for the present operating margin
- 0.86 for the gross margin
The net margin for Essent Group Ltd stands at 0.61. The total capital return value is set at 0.14. Equity return is now at value 14.10, with 11.15 for asset returns.
Based on Essent Group Ltd (ESNT), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 1.65. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 25.87.
Currently, EBITDA for the company is 4.53 million with net debt to EBITDA at 1.8. When we switch over and look at the enterprise to sales, we see a ratio of 5.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.92.
Conclusion
To wrap up, the performance of Essent Group Ltd (ESNT) has been mixed in recent times. The stock has received a mixed of “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.
