Tiptree Inc. (NASDAQ:TIPT) saw an upside of 26.42% to $13.59 after adding $2.84 on Tuesday. The 5-day average trading volume is 539,259 shares of the company’s common stock. It has gained $14.20 in the past week. An average of 197,540 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 123,648.
TIPT’s 1-month performance is 7.18% or $3.77 on its low of $9.26 reached on 09/21/21. The company’s shares have touched a 52-week low of $4.82 and high of $15.48, with the stock’s rally to the 52-week high happening on 04/26/21. YTD, TIPT has achieved 114.14% or $8.77. However, the current price is down -12.21%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 350.00 and a low of 4.691. TIPT stock has a beta of 0.92. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.33 while the price-to-book (PB) in the most recent quarter is 0.91, with the price to cash flow ratio at 1.67.
Tiptree Inc. pays an annual dividend of $0.16 per share. Its dividend yield is 1.18% and the payout ratio is 8.30%. TIPT’s most recent quarterly dividend payment was made on Aug. 30, when it paid $0.04 a share compared with prior rate of $0.04, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0050 reported on Monday May 6 2019. Measured over the last 3 years, the Dividend has been growing by 33.33% yearly.
It is projected that Tiptree Inc.’s next ex-dividend date will be on 19-Nov. TIPT is expected to distribute $0.04 as its next dividend.
In terms of profitability, the gross margin trailing 12 months is 66.00%. while Tiptree Inc.’s operating margin was 8.30%. The firm’s gross profit as reported stood at -$6.27 million against revenue of $810.3 million.
Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than $27.78 million. TIPT stock balance sheet for the recent quarter shows that, with total debt at $473.33 million. Shareholders hold equity totaling $33.41 million
Let’s look briefly at Tiptree Inc. (TIPT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 94.74% to suggest the stock is trending Overbought, with historical volatility in this time period at 117.74%.
The stock’s 5-day moving average is $11.20, reflecting a +31.51% or $3.31 change from its current price. TIPT is currently trading +40.91% above its 20-day SMA, +23.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +45.36% and +175.90% respectively.
Stochastic %K and %D was 95.18% and 96.65% and the average true range (ATR) pointed at 0.67. The RSI (14) points at 90.03%, while the 14-day stochastic is at 91.23% with the period’s ATR at 0.53. The stock’s 9-day MACD Oscillator is pointing at 0.90 and 1.20 on the 14-day charts.
Analysts offering their rating for TIPT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate TIPT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is TIPT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.94 and a high of $2.94, with their median price target at $2.94. Looking at these predictions, the average price target given by analysts is for Tiptree Inc. (TIPT) stock is $2.94.