What is the best trade option for James River Group Holdings Ltd (JRVR) stock?

James River Group Holdings Ltd [JRVR] stock is trading at $7.45, up 1.36%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The JRVR shares have gain 1.36% over the last week, with a monthly amount drifted -13.77%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

James River Group Holdings Ltd [NASDAQ: JRVR] stock has seen the most recent analyst activity on March 22, 2024, when Compass Point upgraded its rating to a Buy but kept the price target unchanged to $12 for it. Previously, Truist downgraded its rating to Hold on November 09, 2023, and dropped its price target to $15. On November 09, 2023, downgrade downgraded it’s rating to Mkt Perform and revised its price target to $14 on the stock. Barclays downgraded its rating to a Underweight and decreased its price target to $12 on November 09, 2023. Compass Point downgraded its rating to a Neutral. Keefe Bruyette upgraded its rating to Outperform for this stock on November 12, 2021, and downed its price target to $35. In a note dated May 07, 2021, Truist upgraded an Buy rating on this stock and revised its target price from $56 to $43.

James River Group Holdings Ltd [JRVR] stock has fluctuated between $6.35 and $15.88 over the past year. Currently, Wall Street analysts expect the stock to reach $10.67 within the next 12 months. James River Group Holdings Ltd [NASDAQ: JRVR] shares were valued at $7.45 at the most recent close of the market. An investor can expect a potential return of 43.22% based on the average JRVR price forecast.

Analyzing the JRVR fundamentals

James River Group Holdings Ltd [NASDAQ:JRVR] reported sales of 838.73M for the trailing twelve months, which represents a drop of -21.03%. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.16 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.44.

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 7.21 points at the first support level, and at 6.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.69, and for the 2nd resistance point, it is at 7.93.

Ratios To Look Out For

For context, James River Group Holdings Ltd’s Current Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 0.34, the price to book ratio is 0.52.

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