Conifer Holdings Inc (NASDAQ:CNFR) Shares Rebounded 65.05% From Their Lows – But Can They Continue?

In last trading session, Conifer Holdings Inc (NASDAQ:CNFR) saw 4.12 million shares changing hands with its beta currently measuring 0.38. Company’s recent per share price level of $1.86 trading at $0.4 or 27.40% at ring of the bell on the day assigns it a market valuation of $22.73M. That closing price of CNFR’s stock is at a premium of 0.54% from its 52-week high price of $1.85 and is indicating a premium of 65.05% 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 10.97 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 during last session for gaining 27.40%, in the last five days CNFR remained trading in the green while hitting it’s week-highest on Thursday, 09/05/24 when the stock touched $1.86 price level, adding 2.62% to its value on the day. Conifer Holdings Inc’s shares saw a change of 69.11% in year-to-date performance and have moved 185.71% in past 5-day. Conifer Holdings Inc (NASDAQ:CNFR) showed a performance of 132.50% in past 30-days. Number of shares sold short was 18397.0 shares which calculate 0.34 days to cover the short interests.

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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.