While American Coastal Insurance Corp has overperformed by 0.25%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACIC rose by 5.78%, with highs and lows ranging from $14.52 to $8.49, whereas the simple moving average jumped by 7.51% in the last 200 days.
On January 17, 2024, Raymond James started tracking American Coastal Insurance Corp (NASDAQ: ACIC) recommending Outperform. A report published by Raymond James on August 10, 2021, Downgraded its rating to ‘Mkt Perform’ for ACIC. Wells Fargo also Downgraded ACIC shares as ‘Underweight’, setting a target price of $12.50 on the company’s shares in a report dated January 06, 2020. Wells Fargo May 08, 2019d the rating to Market Perform on May 08, 2019, and set its price target from $19 to $17. Keefe Bruyette November 05, 2018d its ‘Outperform’ rating to ‘Mkt Perform’ for ACIC, as published in its report on November 05, 2018. JMP Securities also rated the stock as ‘Mkt Perform’.
Analysis of American Coastal Insurance Corp (ACIC)
Further, the quarter-over-quarter increase in sales is 39.89%, showing a positive trend in the upcoming months.
In order to gain a clear picture of American Coastal Insurance Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 46.00% is sufficient for you to turn a profit off your investment.
An average volume of 214.08K can be a very valuable indicator of volatility for ACIC stock. On a monthly basis, the volatility of the stock is set at 4.00%, whereas on a weekly basis, it is put at 3.76%, with a gain of 2.28% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.00, showing growth from the present price of $12.12, which can serve as yet another indication of whether ACIC is worth investing in or should be passed over.
How Do You Analyze American Coastal Insurance Corp Shares?
The USA based company American Coastal Insurance Corp (ACIC) is one of the biggest names in Insurance – Property & Casualty. When comparing American Coastal Insurance Corp shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 6.88, there is a growth in quarterly earnings of 137.18%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 50.14%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 23.98% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ACIC shares are owned by institutional investors to the tune of 23.98% at present.
