Insurance Acquisition Corp. (NASDAQ:INSU) has seen 3,074,312 shares traded in the recent trading session. The company, currently valued at $274.48 Million, closed the recent trade at $13.29 per share which meant it gained $1.57 on the day or 13.4% during that session. The INSU stock price is -12.11% off its 52-week high price of $14.9 and 28.37% above the 52-week low of $9.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 659.22 Million shares traded. The 3-month trading volume is 114.22 Million shares.
The consensus among analysts is that Insurance Acquisition Corp. (INSU) is a 0 stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 0 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight.
Insurance Acquisition Corp. (NASDAQ:INSU) trade information
Sporting 13.16% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the INSU stock price touched $14.91- or saw a rise of 7.65%. Year-to-date, Insurance Acquisition Corp. shares have moved 37.7%, while the 5-day performance has seen it change 10.16%. Over the past 30 days, the shares of Insurance Acquisition Corp. (NASDAQ:INSU) have changed 36.74%. Short interest in the company has seen 2.33 Million shares shorted with days to cover at 0.02.
Insurance Acquisition Corp. (INSU) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +0% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Insurance Acquisition Corp. (NASDAQ:INSU)’s Major holders
Insiders own 2.42% of the company shares, while shares held by institutions stand at 55.79% with a share float percentage of 57.17%. Investors are also buoyed by the number of investors in a company, with Insurance Acquisition Corp. having a total of 27 institutions that hold shares in the company. The top two institutional holders are Linden Advisors LP with over 1.26 Million shares worth more than $12.72 Million. As of March 30, 2020, Linden Advisors LP held 8.16% of shares outstanding.
The other major institutional holder is Magnetar Financial LLC, with the holding of over 1.2 Million shares as of March 30, 2020. The firm’s total holdings are worth over $12.07 Million and represent 7.75% of shares outstanding.