American Coastal Insurance Corp [ACIC] stock is trading at $14.31, up 7.84%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ACIC shares have gain 5.84% over the last week, with a monthly amount glided 19.85%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
American Coastal Insurance Corp [NASDAQ: ACIC] stock has seen the most recent analyst activity on January 17, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $15. Previously, Raymond James downgraded its rating to Mkt Perform on August 10, 2021. On January 06, 2020, downgrade downgraded it’s rating to Underweight but maintained its price target of $12.50 on the stock. Wells Fargo downgraded its rating to a Market Perform and decreased its price target to $17 on May 08, 2019. Keefe Bruyette downgraded its rating to a Mkt Perform. Raymond James downgraded its rating to Outperform for this stock on May 14, 2018. In a note dated August 09, 2017, JMP Securities upgraded an Mkt Perform rating on this stock.
American Coastal Insurance Corp [ACIC] stock has fluctuated between $8.27 and $14.38 over the past year. Currently, Wall Street analysts expect the stock to reach $1.9 within the next 12 months. American Coastal Insurance Corp [NASDAQ: ACIC] shares were valued at $14.31 at the most recent close of the market. An investor can expect a potential drop of -86.72% based on the average ACIC price forecast.
Analyzing the ACIC fundamentals
American Coastal Insurance Corp [NASDAQ:ACIC] reported sales of 282.21M for the trailing twelve months, which represents a growth of 39.89%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.27 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.57.
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 13.45 points at the first support level, and at 12.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.13, and for the 2nd resistance point, it is at 15.94.
Ratios To Look Out For
For context, American Coastal Insurance Corp’s Current Ratio is 2.46. Considering the valuation of this stock, the price to sales ratio is 2.44, the price to book ratio is 2.66 and price to earnings (TTM) ratio is 8.13.
Transactions by insiders
Recent insider trading involved Hogan Michael, Director, that happened on Sep 23 ’24 when 8000.0 shares were purchased. President, MARTZ BRAD completed a deal on Aug 19 ’24 to sell 5250.0 shares. Meanwhile, President MARTZ BRAD sold 25000.0 shares on Aug 16 ’24.
