In last trading session, MBIA Inc (NYSE:MBI) saw 0.34 million shares changing hands with its beta currently measuring 1.59. Company’s recent per share price level of $6.89 trading at -$0.06 or -0.86% at ring of the bell on the day assigns it a market valuation of $351.60M. That closing price of MBI’s stock is at a discount of -6.39% from its 52-week high price of $7.33 and is indicating a premium of 54.57% from its 52-week low price of $3.13. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.42 million shares which gives us an average trading volume of 480.08K if we extend that period to 3-months.
For MBIA Inc (MBI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.67. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.07 in the current quarter.
MBIA Inc (NYSE:MBI) trade information
Upright in the red during last session for losing -0.86%, in the last five days MBI remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $6.89 price level, adding 3.77% to its value on the day. MBIA Inc’s shares saw a change of 12.58% in year-to-date performance and have moved 4.71% in past 5-day. MBIA Inc (NYSE:MBI) showed a performance of 77.12% in past 30-days. Number of shares sold short was 2.11 million shares which calculate 4.62 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a rise of 50.79% to its current value. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 14. It follows that stock’s current price would drop -103.19% in reaching the projected high whereas dropping to the targeted low would mean a loss of -103.19% for stock’s current value.
MBIA Inc (MBI) estimates and forecasts
Statistics highlight that MBIA Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 21.95% of value to its shares in past 6 months, showing an annual growth rate of -0.29% while that of industry is 11.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1,558.57% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 28.7M for the same. And 1 analysts are in estimates of company making revenue of 21M in the next quarter. Company posted -31M and 13M 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 -25.09% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 28.75% while estimates for its earnings growth in next 5 years are of 10.00%.
MBI Dividends
MBIA Inc is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.00%, the share has a forward dividend of 0.00 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.85%.
MBIA Inc (NYSE:MBI)’s Major holders
Insiders are in possession of 13.96% of company’s total shares while institution are holding 47.37 percent of that, with stock having share float percentage of 55.05%. Investors also watch the number of corporate investors in a company very closely, which is 47.37% institutions for MBIA Inc that are currently holding shares of the company. KAHN BROTHERS GROUP INC is the top institutional holder at MBI for having 5.57 million shares of worth $30.58 million. And as of 2024-06-30, it was holding 11.897 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 3.32 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.0972 of outstanding shares, having a total worth of $18.24 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 1.38 shares of worth $9.54 million or 2.71% of the total outstanding shares. The later fund manager was in possession of 1.23 shares on Aug 31, 2024 , making its stake of worth around $8.51 million in the company or a holder of 2.42% of company’s stock.
