A share price of International General Insurance Holdings Ltd [IGIC] is currently trading at $21.10, up 7.05%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IGIC shares have gain 10.18% over the last week, with a monthly amount glided 12.83%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
International General Insurance Holdings Ltd experienced fluctuations in its stock price throughout the past year between $10.37 and $19.73. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. International General Insurance Holdings Ltd [NASDAQ: IGIC] shares were valued at $21.10 at the most recent close of the market. An investor can expect a potential drop of -9.95% based on the average IGIC price forecast.
Analyzing the IGIC fundamentals
Trailing Twelve Months sales for International General Insurance Holdings Ltd [NASDAQ:IGIC] were 486.70M which represents 4.06% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.45%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.21 and Total Capital is 0.21.
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 20.61 points at the first support level, and at 20.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.49, and for the 2nd resistance point, it is at 21.89.
Ratios To Look Out For
To put it in perspective, the Current Ratio for International General Insurance Holdings Ltd [NASDAQ:IGIC] is 0.86. Considering the valuation of this stock, the price to sales ratio is 1.96, the price to book ratio is 1.64 and price to earnings (TTM) ratio is 8.33.
