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.
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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 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.
Institutional Ownership:
Through their ownership of 14.75% of FIHL’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
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.
