Why Kingsway Financial Services Inc. [KFS] Stock Will Fly to $4.00 Over the Next 12 Months

Kingsway Financial Services Inc. [KFS] has traded in a range of $1.26 to $3.36 in the last 1 year. As of this writing, the stock is at $3.81, up 25.62%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, KFS shares are -1.30% down with the monthly amount drift of -5.61% and seems bad in a long time frame.

On 1, December 2020, Kingsway Closes Acquisition of PWI Holdings. According to news published on Yahoo Finance, ITASCA, Ill., Dec. 1, 2020 /CNW/ – (NYSE: KFS) Kingsway Financial Services Inc. (“Kingsway”) today announced the closing of its acquisition of PWI Holdings, Inc. (collectively with its subsidiaries Preferred Warranties, Inc., Superior Warranties, Inc., Preferred Warranties of Florida, Inc., and Preferred Nationwide Reinsurance Company, Ltd., “PWI”). The addition of PWI further strengthens Kingsway’s position in the vehicle service contract and extended warranty industry.

Analyst Birdseye View:

The most recent analyst activity for Kingsway Financial Services Inc. [NYSE:KFS] stock was on July 11, 2008, when it was Reiterated with an Outperform rating from RBC Capital Mkts, which also lowered its 12-month price target on the stock from $11 to $10. Before that, on November 06, 2008, RBC Capital Mkts Recapitulated a Sector perform rating and elevated its amount target to $8. On January 03, 2008, Ferris Baker Watts Upgrade a Neutral rating. On December 19, 2007, Ferris Baker Watts Downgrade a Sell rating. On June 11, 2007, CIBC Wrld Mkts Upgrade a Sector outperform rating. On February 09, 2007, Ferris Baker Watts Downgrade a Neutral rating and boosted its amount on this stock to $24. On February 09, 2007, CIBC Wrld Mkts Downgrade a Sector perform rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.26 and a peak of $3.36. Right now, according to Wall Street analyst the average 12-month amount target is $4.00. At the most recent market close, shares of Kingsway Financial Services Inc. [NYSE:KFS] were valued at $3.81. According to the average price forecast, investors can expect a potential return of 75.0%.

FUNDAMENTAL ANALYSIS

Kingsway Financial Services Inc. [NYSE:KFS] most recently reported quarterly sales of 15.77 billion, which represented growth of -11.50%. This publicly-traded organization’s revenue is $364,401 per employee, while its income is -$25,244 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -1.07, -33.46, -1.23 and -1.61 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 97.15 and the whole liability to whole assets at 62.84. It shows enduring liability to the whole principal at 96.88 and enduring liability to assets at 0.63 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 3.02 points at 1st support level, the second support level is making up to 3.01. But as of 1st resistance point, this stock is sitting at 3.05 and at 3.07 for 2nd resistance point.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.65 and it’s amount to book ratio is 46.53.

Insider Stories

The most recent insider trade was by Hogan Paul R., Secretary and General Counsel, and it was the purchase of 322.0 shares on Nov 30. Hansen Kent A, the CFO & EVP, completed a purchase of 139.0 shares on Nov 13. On Nov 13, Fitzgerald John Taylor Maloney, President and CEO, completed a purchase of 647.0 shares.