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American Coastal Insurance Corporation (ACIC)
10.89  -0.28 (-2.51%)    09-10 16:00
Open: 11.21
High: 11.21
Volume: 109,068
  
Pre. Close: 11.17
Low: 10.86
Market Cap: 524(M)
Technical analysis
2024-09-10 4:46:23 PM
Short term     
Mid term     
Targets 6-month :  13.27 1-year :  13.89
Resists First :  11.36 Second :  11.89
Pivot price 11.1
Supports First :  10.5 Second :  8.73
MAs MA(5) :  10.98 MA(20) :  11.15
MA(100) :  11.25 MA(250) :  10.26
MACD MACD :  -0.1 Signal :  -0.1
%K %D K(14,3) :  36.7 D(3) :  35.6
RSI RSI(14): 45.1
52-week High :  14.38 Low :  6.61
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ ACIC ] has closed above bottom band by 13.2%. Bollinger Bands are 67.2% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 12 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 11.24 - 11.29 11.29 - 11.34
Low: 10.71 - 10.78 10.78 - 10.84
Close: 10.79 - 10.9 10.9 - 10.99
Company Description

American Coastal Insurance Corporation operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners. It also provides commercial multi-peril property insurance for residential condominium associations and apartments, as well as loss or damage to buildings, inventory, and equipment caused by fire, wind, hail, water, theft, and vandalism. In addition, the company offers equipment breakdown, identity theft, cyber security, and flood policies. The company markets and distributes its products through a network of independent agencies. The company was formerly known as United Insurance Holdings Corp. and changed its name to American Coastal Insurance Corporation in August 2023. American Coastal Insurance Corporation was founded in 1999 and is headquartered in Saint Petersburg, Florida.

Headline News

Thu, 29 Aug 2024
American Coastal Insurance Corporation's (NASDAQ:ACIC) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong? - Yahoo Finance

Mon, 19 Aug 2024
Is Weakness In American Coastal Insurance Corporation (NASDAQ:ACIC) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects? - Simply Wall St

Thu, 08 Aug 2024
Earnings call: American Coastal Insurance Q2 2024 results and outlook - Investing.com

Wed, 17 Jul 2024
American Coastal Insurance: A Remarkable Comeback (NASDAQ:ACIC) - Seeking Alpha

Tue, 25 Jun 2024
American Coastal Insurance Corporation Announces a Five-Year Extension of Its Exclusive MGA Agreement With AmRisc and the Election of Two New Directors to Its Insurance Subsidiary - Business Wire

Mon, 17 Jun 2024
Is American Coastal Insurance Corporation (ACIC) Outperforming Other Finance Stocks This Year? - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Neutral
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Neutral
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Financial Services
Industry:
Insurance - Property & Casualty
Shares Out 48 (M)
Shares Float 22 (M)
Held by Insiders 50 (%)
Held by Institutions 23.1 (%)
Shares Short 811 (K)
Shares Short P.Month 1,360 (K)
Stock Financials
EPS 1.5
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 7.42
Profit Margin 25.8 %
Operating Margin -10.1 %
Return on Assets (ttm) 4.5 %
Return on Equity (ttm) 43 %
Qtrly Rev. Growth -23.5 %
Gross Profit (p.s.) 0
Sales Per Share 5.42
EBITDA (p.s.) 2.21
Qtrly Earnings Growth 0 %
Operating Cash Flow 348 (M)
Levered Free Cash Flow 293 (M)
Stock Valuations
PE Ratio 7.21
PEG Ratio 0.3
Price to Book value 1.46
Price to Sales 2
Price to Cash Flow 1.5
Stock Dividends
Dividend 0.05
Forward Dividend 0
Dividend Yield 0.5%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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