MBIA Inc. (NYSE: MBI) stock fell -0.89% on Tuesday to $7.78 against a previous-day closing price of $7.85. With 0.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.6 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $7.95 whereas the lowest price it dropped to was $7.68. The 52-week range on MBI shows that it touched its highest point at $14.48 and its lowest point at $7.33 during that stretch. It currently has a 1-year price target of $12.67. Beta for the stock currently stands at 1.25.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MBI was down-trending over the past week, with a drop of -1.14%, but this was down by -29.01% over a month. Three-month performance dropped to -42.20% while six-month performance fell -33.22%. The stock lost -40.34% in the past year, while it has lost -39.46% so far this year. A look at the trailing 12-month EPS for MBI yields -3.00 with Next year EPS estimates of -0.67. For the next quarter, that number is -0.17. This implies an EPS growth rate of 66.70% for this year and 21.40% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 26.00%.
Float and Shares Shorts:
At present, 49.95 million MBI shares are outstanding with a float of 47.86 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.96 million, which was 3.57% higher than short shares on Mar 30, 2023. In addition to Mr. William Charles Fallon as the firm’s CEO & Director, Mr. Anthony Matthew McKiernan serves as its EVP, CFO & Treasurer.
Through their ownership of 58.69% of MBI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.56% of MBI, in contrast to 35.12% held by mutual funds. Shares owned by individuals account for 22.28%. As the largest shareholder in MBI with 8.61% of the stake, Kahn Brothers Advisors LLC holds 4,734,562 shares worth 4,734,562. A second-largest stockholder of MBI, BlackRock Fund Advisors, holds 3,281,050 shares, controlling over 5.97% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in MBI, holding 2,543,691 shares or 4.63% stake. With a 4.03% stake in MBI, the Border to Coast Global Equity Alp is the largest stakeholder. A total of 2,213,576 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.52% of MBI stock, is the second-largest Mutual Fund holder. It holds 1,382,103 shares valued at 13.9 million. iShares Russell 2000 ETF holds 1.85% of the stake in MBI, owning 1,018,923 shares worth 10.25 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MBI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MBI analysts setting a high price target of $14.00 and a low target of $10.00, the average target price over the next 12 months is $12.00. Based on these targets, MBI could surge 79.95% to reach the target high and rise by 28.53% to reach the target low. Reaching the average price target will result in a growth of 54.24% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded MBI stock several times over the past three months with 15 Buys and 30 Sells. In these transactions, 363,355 shares were bought while 320,164 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 36 over the past year. The total number of shares bought during that period was 363,355 while 360,383 shares were sold.