MBIA Inc. [MBI] stock is trading at $6.88, up 0.73%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MBI shares have gain 2.69% over the last week, with a monthly amount glided 8.01%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, MBIA Inc. Reports Full Year and Fourth Quarter 2023 Financial Results. In a post published today on Yahoo Finance, MBIA Inc. (NYSE:MBI) today posted its full year and fourth quarter 2023 financial results on its website at https://investor.mbia.com/investor-relations/financial-information/default.aspx. The financial results will also be furnished to the Securities and Exchange Commission (SEC) on a Current Report on Form 8-K available at sec.gov.
From an analyst’s perspective:
MBIA Inc. [NYSE: MBI] stock has seen the most recent analyst activity on December 08, 2023, when ROTH MKM downgraded its rating to a Neutral and also boosted its price target to $15 from $12. Previously, Compass Point upgraded its rating to Buy on April 21, 2023, and kept the price target unchanged to $14. On November 28, 2022, Compass Point initiated with a Neutral rating and assigned a price target of $14 on the stock. Keefe Bruyette started tracking the stock assigning a Mkt Perform rating and suggested a price target of $7 on February 05, 2018. Keefe Bruyette initiated its recommendation with a Mkt Perform and recommended $8.50 as its price target on April 25, 2016. MKM Partners upgraded its rating to Buy for this stock on November 03, 2015, but kept the price target unchanged to $12. In a note dated June 29, 2015, MKM Partners downgraded an Neutral rating on this stock and revised its target price from $20 to $8.
MBIA Inc. [MBI] stock has fluctuated between $2.65 and $7.33 over the past year. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. MBIA Inc. [NYSE: MBI] shares were valued at $6.88 at the most recent close of the market. An investor can expect a potential return of 103.49% based on the average MBI price forecast.
Analyzing the MBI fundamentals
MBIA Inc. [NYSE:MBI] reported sales of 94.00M for the trailing twelve months, which represents a drop of -52.94%. Gross Profit Margin for this corporation currently stands at -0.07% with Operating Profit Margin at -3.16%, Pretax Profit Margin comes in at -3.72%, and Net Profit Margin reading is -3.81%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is 0.36 and Total Capital is -0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.74 points at the first support level, and at 6.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.07, and for the 2nd resistance point, it is at 7.25.
MBIA Inc. [MBI] reported earnings per share of -$2.92 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.15/share, meaning a difference of -$2.77 and a surprise factor of -1,846.70%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.45 per share as compared to estimates of -$0.16 per share, a difference of -$0.29 representing a surprise of -181.30%.
Ratios To Look Out For
For context, MBIA Inc.’s Current Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 3.74.
Transactions by insiders
Recent insider trading involved VAUGHAN RICHARD C, Director, that happened on Dec 28 when 3000.0 shares were sold. Director, VAUGHAN RICHARD C completed a deal on Dec 27 to sell 12000.0 shares.
