Fidelis Insurance Holdings Limited (NYSE: FIHL) stock fell -0.75% on Friday to $14.53 against a previous-day closing price of $14.64. With 1.82 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.47 million shares. During the session, the Insurance – Diversified company that operates in wider Financial sector, reached to the highest price of $14.91 whereas the lowest price it dropped to was $14.40. The 52-week range on FIHL shows that it touched its highest point at $15.30 and its lowest point at $12.60 during that stretch. It currently has a 1-year price target of $17.44.
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 FIHL was up-trending over the past week, with a rise of 2.76%, but this was up by 10.16% over a month. A look at the trailing 12-month EPS for FIHL yields 28.20 with Next year EPS estimates of 3.06. For the next quarter, that number is 0.69. This implies an EPS growth rate of 35.90% for this year and 0.62% for next year.
Float and Shares Shorts:
At present, 110.77 million FIHL shares are outstanding with a float of 32.46 million shares on hand for trading. On Aug 30, 2023, short shares totaled 94390.0, which was 0.08% higher than short shares on Jul 30, 2023. In addition to Mr. Daniel Burrows as the firm’s Group CEO & Exec. Director, Mr. Allan Carl Decleir serves as its Group CFO & Exec. Director.
Through their ownership of 14.75% of FIHL’s outstanding shares, institutional investors have minority control over the company.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FIHL 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 FIHL analysts setting a high price target of $22.00 and a low target of $15.00, the average target price over the next 12 months is $17.44. Based on these targets, FIHL could surge 51.41% to reach the target high and rise by 3.23% to reach the target low. Reaching the average price target will result in a growth of 20.03% 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.