At the time of writing, Arch Capital Group Ltd [ACGL] stock is trading at $95.80, up 2.42%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ACGL shares have gain 2.80% over the last week, with a monthly amount glided 4.71%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Arch Capital Group Ltd [NASDAQ: ACGL] stock has seen the most recent analyst activity on January 10, 2024, when TD Cowen initiated its Outperform rating and assigned the stock a price target of $96. Previously, Evercore ISI started tracking the stock with In-line rating on December 14, 2023, and set its price target to $88. On November 22, 2023, Citigroup initiated with a Neutral rating and assigned a price target of $91 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $81 on October 05, 2023. Goldman initiated its recommendation with a Neutral and recommended $80 as its price target on September 08, 2023. Morgan Stanley started tracking with a Overweight rating for this stock on June 20, 2023, and assigned it a price target of $92. In a note dated January 20, 2023, BMO Capital Markets initiated an Market Perform rating and provided a target price of $65 on this stock.
For the past year, the stock price of Arch Capital Group Ltd fluctuated between $69.05 and $95.01. Currently, Wall Street analysts expect the stock to reach $84.14 within the next 12 months. Arch Capital Group Ltd [NASDAQ: ACGL] shares were valued at $95.80 at the most recent close of the market. An investor can expect a potential drop of -12.17% based on the average ACGL price forecast.
Analyzing the ACGL fundamentals
According to Arch Capital Group Ltd [NASDAQ:ACGL], the company’s sales were 14.08B for trailing twelve months, which represents an 23.14% jump. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.29 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
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 94.09 points at the first support level, and at 92.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.04, and for the 2nd resistance point, it is at 98.29.
Arch Capital Group Ltd [ACGL] reported earnings per share of $2.45 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.1/share, meaning a difference of $0.35 and a surprise factor of 16.70%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $2.49 per share as compared to estimates of $2.03 per share, a difference of $0.46 representing a surprise of 22.70%.
Ratios To Look Out For
It is important to note that Arch Capital Group Ltd [NASDAQ:ACGL] has a current ratio of 0.53. Considering the valuation of this stock, the price to sales ratio is 2.55, the price to book ratio is 1.94 and price to earnings (TTM) ratio is 7.56.
Transactions by insiders
Recent insider trading involved Papadopoulo Nicolas, OFFICER OF SUBSIDIARY, that happened on Mar 07 ’24 when 60000.0 shares were sold. EVP AND CFO, Morin Francois completed a deal on Mar 07 ’24 to sell 25689.0 shares. Meanwhile, CHAIRMAN & CEO ARCH RE GROUP Rajeh Maamoun sold 50000.0 shares on Mar 05 ’24.
