How Kingstone Cos. Inc (NASDAQ: KINS) Could Be A Loss Maker Since It Is Up 611.27% YTD?

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During the last session, Kingstone Cos. Inc (NASDAQ:KINS)’s traded shares were 0.77 million, with the beta value of the company hitting 0.62. At the end of the trading day, the stock’s price was $15.15, reflecting an intraday gain of 9.54% or $1.32. The 52-week high for the KINS share is $14.25, that puts it up 5.94 from that peak though still a striking 87.13% gain since the share price plummeted to a 52-week low of $1.95. The company’s market capitalization is $187.09M, and the average intraday trading volume over the past 10 days was 0.42 million shares, and the average trade volume was 213.00K shares over the past three months.

Kingstone Cos. Inc (KINS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. KINS has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.42.

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Kingstone Cos. Inc (NASDAQ:KINS) trade information

Kingstone Cos. Inc (KINS) registered a 9.54% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 9.54% in intraday trading to $15.15, hitting a weekly high. The stock’s 5-day price performance is 38.36%, and it has moved by 53.03% in 30 days. Based on these gigs, the overall price performance for the year is 405.00%. The short interest in Kingstone Cos. Inc (NASDAQ:KINS) is 0.13 million shares and it means that shorts have 0.9 day(s) to cover.

Kingstone Cos. Inc (KINS) estimates and forecasts

Statistics show that Kingstone Cos. Inc has outperformed its competitors in share price, compared to the industry in which it operates. Kingstone Cos. Inc (KINS) shares have gone up 199.41% during the last six months, with a year-to-date growth rate more than the industry average at 291.78% against 8.90.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 43.8M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 44.3M by the end of current fiscal year.

While earnings are projected to return 291.78% in 2024.

KINS Dividends

Kingstone Cos. Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 4.24%.

Kingstone Cos. Inc (NASDAQ:KINS)’s Major holders

Kingstone Cos. Inc insiders own 25.68% of total outstanding shares while institutional holders control 18.31%, with the float percentage being 24.64%. VANGUARD GROUP INC is the largest shareholder of the company, while 32.0 institutions own stock in it. As of 2024-06-30, the company held over 0.37 million shares (or 3.3753% of all shares), a total value of $1.86 million in shares.

The next largest institutional holding, with 0.37 million shares, is of RENAISSANCE TECHNOLOGIES LLC’s that is approximately 3.3582% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.85 million.

Also, the Mutual Funds coming in first place with the largest holdings of Kingstone Cos. Inc (KINS) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 236.67 shares. This amounts to just over 1.92 percent of the company’s overall shares, with a $3.59 million market value. The same data shows that the other fund manager holds slightly less at 123.17, or about 1.00% of the stock, which is worth about $1.87 million.