AMBAC Financial Group Inc. (NYSE: AMBC): Is It A Buying Opportunity Again?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Ambac Announces Meeting and Record Date for 2024 Annual Meeting of Stockholders.

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Stocks Info

AMBC belongs to the Financial sector of the NYSE while operating in the Insurance – Specialty industry. The current market capitalization of AMBAC Financial Group Inc. is $695.18M. A total of 0.52 million shares were traded on the day, compared to an average of 375.07K shares.

In the most recent transaction, LeBlanc Claude bought 2,500 shares of AMBC for 13.29 per share on Sep 01 ’23. After the transaction, the Chief Executive Officer now owns 502,416 company shares.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, AMBC has a high of $17.80 and a low of $11.26.

As of this writing, AMBC has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.21 per share and a lower estimate of -$0.04. The company reported an EPS of $2 in the last quarter, which was 1,211.10% higher than expectations of -$0.18.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $30.14, while its Total Shareholder’s Equity was $1.12B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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