AMBAC Financial Group Inc. (AMBC) Is Not Likely To Be The Same Tomorrow

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Ambac Reports Fourth Quarter 2023 Results.

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Stocks Info

AMBAC Financial Group Inc. is listed on the NYSE in the Financial sector while operating in the Insurance – Specialty industry. The current market capitalization of AMBAC Financial Group Inc. is $765.52M. A total of 0.72 million shares were traded on the day, compared to an average of 394.08K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, AMBC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 7 BUYs and 6 SELLs from insiders. Insiders purchased 12,090 shares during that period but sold 6,163.

In the most recent transaction, LeBlanc Claude bought 2,500 shares of AMBC for 13.29 per share on Sep 01. After the transaction, the Chief Executive Officer now owns 502,416 company shares.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for AMBC in the last 3 months, the mean price target is $16.00 with high estimates of $16.00 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 $11.26.

As of this writing, AMBC has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.09 per share and a lower estimate of -$0.18. The company reported an EPS of $0.07 in the last quarter, which was 143.80% higher than expectations of -$0.16.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. AMBC’s latest balance sheet shows that the firm has $2.17B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $27.99, while its Total Shareholder’s Equity was $1.12B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 3.67.

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