Kingstone Cos. Inc (NASDAQ: KINS)’s stock price has plunge by -3.34relation to previous closing price of 16.92. Nevertheless, the company has seen a -2.36% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-12-05 that Despite expensive valuation, given positive analyst view, growth prospects and VGM Score of A, the time appears right for potential investors to bet on KINS.
Is It Worth Investing in Kingstone Cos. Inc (NASDAQ: KINS) Right Now?
Kingstone Cos. Inc (NASDAQ: KINS) has a price-to-earnings ratio of 12.50x that is above its average ratio. Additionally, the 36-month beta value for KINS is 0.72. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for KINS is 8.88M and currently, short sellers hold a 2.16% ratio of that float. The average trading volume of KINS on December 06, 2024 was 245.25K shares.
KINS’s Market Performance
KINS’s stock has seen a -2.36% decrease for the week, with a 43.97% rise in the past month and a 83.14% gain in the past quarter. The volatility ratio for the week is 8.49%, and the volatility levels for the past 30 days are at 9.51% for Kingstone Cos. Inc The simple moving average for the past 20 days is 15.15% for KINS’s stock, with a 127.94% 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 41.67% 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 -7.59% of loss for the given period.
Volatility was left at 9.51%, however, over the last 30 days, the volatility rate increased by 8.49%, as shares surge +48.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +86.38% upper at present.
During the last 5 trading sessions, KINS fell by -2.08%, which changed the moving average for the period of 200-days by +420.68% in comparison to the 20-day moving average, which settled at $14.21. In addition, Kingstone Cos. Inc saw 667.82% 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 KINS starting from BRODSKY VICTOR J, who sale 5,000 shares at the price of $16.08 back on Nov 26 ’24. After this action, BRODSKY VICTOR J now owns 44,556 shares of Kingstone Cos. Inc, valued at $80,395 using the latest closing price.
Newgarden Thomas, the Director of Kingstone Cos. Inc, purchase 5,000 shares at $13.45 during a trade that took place back on Nov 21 ’24, which means that Newgarden Thomas is holding 24,726 shares at $67,250 based on the most recent closing price.
Stock Fundamentals for KINS
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- -10.28 for the gross margin
The net margin for Kingstone Cos. Inc stands at 0.11. The total capital return value is set at 0.0. Equity return is now at value 36.81, with 6.04 for asset returns.
Based on Kingstone Cos. Inc (KINS), the company’s capital structure generated 1.0 points at debt to capital in total, while cash flow to debt ratio is standing at 2.02. The debt to equity ratio resting at 289.89. The interest coverage ratio of the stock is 0.01.
Currently, EBITDA for the company is -0.39 million with net debt to EBITDA at -25.78. When we switch over and look at the enterprise to sales, we see a ratio of -115.81. The receivables turnover for the company is 0.01for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
Conclusion
In conclusion, Kingstone Cos. Inc (KINS) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
