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Saturday, June 3, 2023

Analyst Expects Ambac Financial Group Inc. (NYSE: AMBC) To Make Big Moves

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Ambac Financial Group Inc. (AMBC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.07%, to $14.60. The Ambac Financial Group Inc. has recorded 125,896 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Ambac Reports First Quarter 2023 Results.

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Stocks Info

Ambac Financial Group Inc. is listed on the NYSE as a member of the Financial sector and is a part of the Insurance – Specialty industry. At the end of the last regular session, the stock closed at $14.61 and fluctuated between $14.69 as its day high and $14.40 as its day low. The current market capitalization of Ambac Financial Group Inc. is $659.50M. A total of 0.52 million shares were traded on the day, compared to an average of 477.09K shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, AMBC has seen 20 BUY and 20 SELL insider trades, representing the acquisition of 380,393 and the disposition of 196,113 shares. Over the last 12 months, there were 27 BUYs and 26 SELLs from insiders. Insiders purchased 408,639 shares during that period but sold 211,394.

In the most recent transaction, Smith R Sharon bought 1,000 shares of AMBC for 10.05 per share on May 20. After the transaction, the Senior Managing Director now owns 56,183 company shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for AMBC in the last 3 months, the mean price target is $17.00 with high estimates of $18.00 and low estimates of $16.00. In terms of 52-week highs and lows, AMBC has a high of $17.75 and a low of $8.82.

As of this writing, AMBC has an earnings estimate of -$0.16 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.26. The company reported an EPS of $4.18 in the last quarter, which was 375.00% higher than expectations of $0.88.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AMBC’s latest balance sheet shows that the firm has $1.85B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $27.60, while its Total Shareholder’s Equity was $1.12B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMBC is Buy with a score of 3.00.

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