SiriusPoint Ltd. (NYSE:SPNT) finished Friday with an addition of $0.36 to close at $10.73, an upside of 3.47 percent. An average of 628,400 shares of common stock have been traded in the last five days. There was a gain of $0.19 in the past week, and it reached a new high 51 times over the past 12 months. The last 20 days have seen an average of 550,065 shares traded, while the 50-day average volume stands at 510,268.
SPNT stock has increased by 12.71% in the last month. The company shares reached their 1-month lowest point of $9.24 on 07/31/23. With the stock rallying to its 52-week high on 08/25/23, shares of the company touched a low of $4.22 and a high of $10.73 in 52 weeks. It has reached a new high 32 times so far this year and achieved 81.86% or $4.83 in price. In spite of this, the price is down 0.00% from the 52-week high.
Valuation Metrics
SiriusPoint Ltd. (SPNT) has a trailing price-to-earnings (P/E) ratio of 23.17. The stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.64, the price-to-book (PB) ratio at 0.85, and the price-to-cash flow ratio at 3.87.
Financial Health
Further, the company has a long term debt to equity ratio of 0.37 and a total debt to equity ratio of 0.37 for the quarter ending June 29. Its gross profit as reported stood at -$422.7 million compared to revenue of $2.11 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SiriusPoint Ltd.’s return on assets was 0.70%.
Earnings Surprise
For the three-month period that ended June 29, SiriusPoint Ltd. had $765.9 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $70.3 million in the quarter, while revenues of $142.6 million were grew 180.8%. The analyst consensus anticipated SiriusPoint Ltd.’s latest quarter earnings to come in at $0.1 per share, but it turned out to be $0.37, a 270.00% surprise. For the quarter, EBITDA amounted to $218.6 million. At the end of the quarter ending June 29, SiriusPoint Ltd.’s stock balance sheet showed total debt was $802.6 million. Shareholders own equity worth $164.5 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at SiriusPoint Ltd. (SPNT) price momentum. RSI 9-day as of the close on 25 August was 72.98%, suggesting the stock is Overbought, with historical volatility in this time frame at 21.77%.
As of today, SPNT’s price is $10.49 +1.80% or $0.19 from its 5-day moving average. SPNT is currently trading +13.07% higher than its 20-day SMA and +31.01% higher than its 100-day SMA. However, the stock’s current price level is +11.89% above the SMA50 and +82.48% above the SMA200.
The stochastic %K and %D were 56.90% and 59.95%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 93.46% and the average true range at 0.23, the RSI (14) stands at 71.13%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at 0.01.
Analyst Ratings
The consensus rating for SiriusPoint Ltd. (SPNT) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SPNT, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is SPNT’s price target for the next 12 months?
Analysts predict a range of price targets between $13.00 and $13.00, with a median target of $13.00. Taking a look at these predictions, the average price target given by analysts for SiriusPoint Ltd. (SPNT) stock is $13.00.
