Conifer Holdings Inc (NASDAQ:CNFR) Gained 139.95% In A Week: What’s Driving The Stock?

IPW

In recent trading session, Conifer Holdings Inc (NASDAQ:CNFR) saw 1.49 million shares changing hands at last check today with its beta currently measuring 0.38. Company’s recent per share price level of $1.56 trading at $0.1 or 6.99% at last check today assigns it a market valuation of $19.09M. That most recent trading price of CNFR’s stock is at a discount of -18.59% from its 52-week high price of $1.85 and is indicating a premium of 58.33% from its 52-week low price of $0.65. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.96 million shares which gives us an average trading volume of 1.89 million if we extend that period to 3-months.

Conifer Holdings Inc (NASDAQ:CNFR) trade information

Upright in the green today for gaining 6.99%, in the last five days CNFR remained trading in the green while hitting it’s week-highest on Wednesday, 09/04/24 when the stock touched $1.56 price level, adding 15.68% to its value on the day. Conifer Holdings Inc’s shares saw a change of 42.02% in year-to-date performance and have moved 139.95% in past 5-day. Conifer Holdings Inc (NASDAQ:CNFR) showed a performance of 95.26% in past 30-days. Number of shares sold short was 18397.0 shares which calculate 0.34 days to cover the short interests.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Conifer Holdings Inc (CNFR) estimates and forecasts

This year revenue growth is estimated to fall -24.70% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 15.33M for the same. Company posted 22.25M and 18.34M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -14.44% during past 5 years.

Conifer Holdings Inc (NASDAQ:CNFR)’s Major holders

Insiders are in possession of 44.58% of company’s total shares while institution are holding 34.51 percent of that, with stock having share float percentage of 62.26%. Investors also watch the number of corporate investors in a company very closely, which is 34.51% institutions for Conifer Holdings Inc that are currently holding shares of the company. AEGIS FINANCIAL CORP is the top institutional holder at CNFR for having 0.47 million shares of worth $0.36 million. And as of 2024-06-30, it was holding 3.8822 of the company’s outstanding shares.

The second largest institutional holder is IAT REINSURANCE CO LTD., which was holding about 0.25 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.0453 of outstanding shares, having a total worth of $0.19 million.