In the last trading session, 1.78 million shares of the MBIA Inc (NYSE:MBI) were traded, and its beta was 1.50. Most recently the company’s share price was $6.58, and it changed around $0.03 or 0.46% from the last close, which brings the market valuation of the company to $335.78M. MBI currently trades at a discount to its 52-week high of $7.33, offering almost -11.4% off that amount. The share price’s 52-week low was $3.08, which indicates that the current value has risen by an impressive 53.19% since then. We note from MBIA Inc’s average daily trading volume that its 10-day average is 1.13 million shares, with the 3-month average coming to 407.46K.
MBIA Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended MBI as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. MBIA Inc is expected to report earnings per share of -0.11 for the current quarter.
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MBIA Inc (NYSE:MBI) trade information
Instantly MBI has showed a green trend with a performance of 0.46% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.82 on recent trading dayincreased the stock’s daily price by 3.52%. The company’s shares are currently up 7.52% year-to-date, but still up 36.51% over the last five days. On the other hand, MBIA Inc (NYSE:MBI) is 71.35% up in the 30-day period. We can see from the shorts that 2.02 million shares have been sold at a short interest cover period of 8.67 day(s).
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to increase their stock price by 53.0% from its current value. Analyst projections state that MBI is forecast to be at a low of $14 and a high of $14.
MBIA Inc (MBI) estimates and forecasts
MBIA Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 12.29 percent over the past six months and at a -0.29% annual growth rate that is well below the industry average of 11.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 38.89% in revenue this quarter, and will report an increase of 75.00% in the next quarter. The year-over-year growth rate is expected to be 1,558.57%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 28.7M in revenue for the current quarter. 1 analysts expect MBIA Inc to make 21M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were -31M and 13M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 192.58%. Forecasts for the next quarter put sales growth at 61.54%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.09%. MBIA Inc earnings are expected to increase by 28.75% in 2024, but the outlook is positive 10.00% per year for the next five years.
MBI Dividends
MBIA Inc’s next quarterly earnings report is expected to be released in December. The average dividend yield for the past five years averaged 3.85 per year.
MBIA Inc (NYSE:MBI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.98% of MBIA Inc shares, and 47.40% of them are in the hands of institutional investors. The stock currently has a share float of 55.10%. MBIA Inc stock is held by 146.0 institutions, with KAHN BROTHERS GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.897% of the shares, which is about 5.57 million shares worth $30.58 million.
BLACKROCK INC., with 7.0972% or 3.32 million shares worth $18.24 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
