What Are The Chances Of American Coastal Insurance Corp (NASDAQ: ACIC) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

Stocks Info

As a NASDAQ listed company, ACIC falls under the Financial sector while operating within the Insurance – Property & Casualty industry segment. The current market capitalization of American Coastal Insurance Corp is $648.84M. A total of 0.21 million shares were traded on the day, compared to an average of 254.42K shares.

In the most recent transaction, Maroney Patrick bought 3,128 shares of ACIC for 13.96 per share on Dec 16 ’24. After the transaction, the Director now owns 93,500 company shares. In a previous transaction on Dec 13 ’24, Maroney Patrick bought 372 shares at 13.78 per share. ACIC shares that Director owns now total 90,372.

Among the insiders who bought shares, Hogan Michael acquired of 8,000 shares on Sep 23 ’24 at a per-share price of $11.37. This resulted in the Director holding 356,754 shares of ACIC after the transaction. In another insider transaction, MARTZ BRAD sold 5,250 shares at $11.15 per share on Aug 19 ’24. Company shares held by the President now total 278,891.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ACIC has a high of $15.08 and a low of $8.49.

As of this writing, ACIC has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 1.0 estimates, with a high estimate of $0.16 per share and a lower estimate of $0.16.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ACIC’s latest balance sheet shows that the firm has $875.63M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $5.38, while its Total Shareholder’s Equity was $331.96M.

Analysts Opinion

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. 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 ACIC is Buy with a score of 4.00.

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