Should I buy or sell Atlas Crest Investment stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlas Crest Investment in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ACIC shares. View ACIC analyst ratings or view top-rated stocks .

What is Atlas Crest Investment's stock price target for 2024?

1 Wall Street research analysts have issued twelve-month target prices for Atlas Crest Investment's stock. Their ACIC share price targets range from $15.00 to $15.00. On average, they anticipate the company's stock price to reach $15.00 in the next year. This suggests a possible upside of 45.2% from the stock's current price. View analysts price targets for ACIC or view top-rated stocks among Wall Street analysts .

When is Atlas Crest Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024. View our ACIC earnings forecast .

How were Atlas Crest Investment's earnings last quarter?

Atlas Crest Investment Corp. (NYSE:ACIC) posted its quarterly earnings data on Thursday, February, 29th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.18. The company earned $58.21 million during the quarter, compared to analysts' expectations of $61.99 million. Atlas Crest Investment had a net margin of 101.24% and a trailing twelve-month return on equity of 74.81%.

NYSE:ACIC

Atlas Crest Investment (ACIC) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

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Today's Range: $10.17
▼
$10.45
50-Day Range: $5.39
▼
$10.19
52-Week Range: $8.79
▼
$18.60

Volume: 225,283 shs
Average Volume: 386,954 shs
Market Capitalization: $493.77 million

P/E Ratio: 1.48
Dividend Yield: N/A
Price Target: $15.00

Stock Analysis Analyst Forecasts Competitors Earnings Headlines Insider Trades Options Chain Ownership Social Media

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Atlas Crest Investment MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 45.2% Upside
$15.00 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$15,909 Bought Last Quarter
Proj. Earnings Growth: 20.00%
From $1.25 to $1.50 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.44 out of 5 stars

Finance Sector

425th out of 823 stocks

Fire, Marine, & Casualty Insurance Industry

31st out of 50 stocks

3.5

Analyst's Opinion

Consensus Rating
Atlas Crest Investment has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Atlas Crest Investment has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ACIC.

0.0

Dividend Strength

Dividend Yield
Atlas Crest Investment does not currently pay a dividend.
Dividend Growth
Atlas Crest Investment does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ACIC.

0.6

News and Social Media Coverage

Search Interest
4 people have searched for ACIC on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Atlas Crest Investment insiders have bought more of their company's stock than they have sold. Specifically, they have bought $15,909.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
49.90% of the stock of Atlas Crest Investment is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 22.11% of the stock of Atlas Crest Investment is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Atlas Crest Investment are expected to grow by 20.00% in the coming year, from $1.25 to $1.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Atlas Crest Investment is 1.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Atlas Crest Investment is 1.48, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.88.
Price to Book Value per Share Ratio
Atlas Crest Investment has a P/B Ratio of 2.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Atlas Crest Investment Stock (NYSE:ACIC)

Atlas Crest Investment Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to engage in the business of designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility that can carry passengers for 60 miles at speeds of up to 150 mph. Atlas Crest Investment Corp. was incorporated in 2020 and is based in New York, New York.

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ACIC Stock News Headlines

March 2, 2024 | finance.yahoo.com

Has American Coastal Insurance Corporation's (NASDAQ:ACIC) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

February 29, 2024 | finance.yahoo.com

American Coastal Insurance Corp Reports Turnaround with Net Income of $309.9 Million for FY 2023

April 18, 2024 | TradeSmith (Ad)

A.I. Pioneer Issues Urgent Warning to Americans

With artificial intelligence creeping into every facet of our lives, what should you be doing to "A.I.-Proof" your future? It's the question on many of our minds.

February 29, 2024 | businesswire.com

American Coastal Insurance Corporation Reports Financial Results for Its Fourth Quarter and Year Ended December 31, 2023

February 15, 2024 | finance.yahoo.com

American Coastal Insurance Corporation Schedules Fourth Quarter and Full Year 2023 Financial Results and Conference Call

February 15, 2024 | businesswire.com

American Coastal Insurance Corporation Schedules Fourth Quarter and Full Year 2023 Financial Results and Conference Call

January 22, 2024 | finance.yahoo.com

American Coastal Insurance Reaches US$505m Market Cap Benefiting Insider Stock Buying

January 18, 2024 | finance.yahoo.com

American Coastal Insurance Corporation Announces Leadership Changes

April 18, 2024 | TradeSmith (Ad)

A.I. Pioneer Issues Urgent Warning to Americans

With artificial intelligence creeping into every facet of our lives, what should you be doing to "A.I.-Proof" your future? It's the question on many of our minds.

December 22, 2023 | finance.yahoo.com

Investors in American Coastal Insurance (NASDAQ:ACIC) have seen fantastic returns of 773% over the past year

November 14, 2023 | finance.yahoo.com

With 53% ownership, insiders at American Coastal Insurance Corporation (NASDAQ:ACIC) are pretty optimistic and have been buying recently

November 13, 2023 | finance.yahoo.com

American Coastal Insurance Corporation Reports Financial Results for Its Third Quarter Ended September 30, 2023

November 13, 2023 | finance.yahoo.com

American Coastal Insurance Corp Reports Mixed Q3 Results; Core Income Rises Amidst Challenges

October 30, 2023 | finance.yahoo.com

American Coastal Insurance Corporation Schedules Third Quarter 2023 Financial Results and Conference Call

July 3, 2023 | forbes.com

Warren Buffett's Exploitative Mobile Home Investment

April 15, 2023 | morningstar.com

Atlas for Investment & Food Industries SAE

October 4, 2021 | reuters.com

Archer Aviation Inc

September 16, 2021 | finance.yahoo.com

Archer Aviation Announces Closing of Business Combination with Atlas Crest Investment Corp. to Become A Publicly Traded Company

September 14, 2021 | finance.yahoo.com

Atlas Crest Investment Corp. Shareholders Approve Business Combination with Archer Aviation Inc.

September 7, 2021 | finance.yahoo.com

FAA Approves G-1 Certification Basis for Archer, Propelling it Forward on its Path to FAA Type Certification

September 5, 2021 | realmoney.thestreet.com

Atlas Crest Investment Corp. Class A

September 2, 2021 | finance.yahoo.com

Leading Independent Proxy Advisor, Glass Lewis, Recommends Atlas Crest Stockholders Vote "FOR" Business Combination with Archer

August 31, 2021 | finance.yahoo.com

Archer Aviation Inc. and Atlas Crest Investment Corp. to Host Fireside Chat with IPO Edge to Discuss Business Combination

August 30, 2021 | finance.yahoo.com

Join Ken Moelis & Archer Aviation CEOs in Fireside Chat September 2 at 12PM EDT

August 24, 2021 | finance.yahoo.com

Archer and REEF Team Up To Tackle Urban Congestion with Vertiports and Urban Air Mobility Networks

August 23, 2021 | finance.yahoo.com

Archer Expands Business Leadership Team, Hiring Tosha Perkins as Chief People Officer and Andy Missan as Chief Legal Officer

August 22, 2021 | barrons.com

Atlas Crest Investment Corp. Wt

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/20/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Fire, marine, & casualty insurance
Sub-Industry: N/A
Current Symbol: NYSE:ACIC
CUSIP: N/A
CIK: 1824502
Web: www.atlascrestcorp.com
Phone: 727-895-7737
Fax: N/A
Employees: 3
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $15.00
High Stock Price Target: $15.00
Low Stock Price Target: $15.00
Potential Upside/Downside: +45.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.96
Trailing P/E Ratio: 1.48
Forward P/E Ratio: 8.23
P/E Growth: N/A
Net Income: $309.91 million
Net Margins: 101.24%
Pretax Margin: 32.10%
Return on Equity: 74.81%
Return on Assets: 7.21%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.81
Quick Ratio: 0.81

Sales & Book Value

Annual Sales: $286.54 million
Price / Sales: 1.72
Cash Flow: $2.20 per share
Price / Cash Flow: 4.68
Book Value: $3.84 per share
Price / Book: 2.68

Miscellaneous

Outstanding Shares: 47,800,000
Free Float: 23,947,000
Market Cap: $491.86 million
Optionable: Optionable
Beta: -0.20

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Key Executives

Mr. Michael Spellacy (Age 49)
CEO & Director
Mr. Christopher Callesano (Age 48)
Chief Financial Officer
Mr. Taylor Rettig
COO & Head of Corp. Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ACIC Stock Analysis - Frequently Asked Questions

Should I buy or sell Atlas Crest Investment stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlas Crest Investment in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ACIC shares.
View ACIC analyst ratings or view top-rated stocks.
What is Atlas Crest Investment's stock price target for 2024?: 1 Wall Street research analysts have issued twelve-month target prices for Atlas Crest Investment's stock. Their ACIC share price targets range from $15.00 to $15.00. On average, they anticipate the company's stock price to reach $15.00 in the next year. This suggests a possible upside of 45.2% from the stock's current price.
View analysts price targets for ACIC or view top-rated stocks among Wall Street analysts.
When is Atlas Crest Investment's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our ACIC earnings forecast.
How were Atlas Crest Investment's earnings last quarter?: Atlas Crest Investment Corp. (NYSE:ACIC) posted its quarterly earnings data on Thursday, February, 29th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.18. The company earned $58.21 million during the quarter, compared to analysts' expectations of $61.99 million. Atlas Crest Investment had a net margin of 101.24% and a trailing twelve-month return on equity of 74.81%.

This page (NYSE:ACIC) was last updated on 4/18/2024 by MarketBeat.com Staff

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Atlas Crest Investment (ACIC) Stock Price, News & Analysis

Atlas Crest Investment MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

Company Ownership

Earnings and Valuation

About Atlas Crest Investment Stock (NYSE:ACIC)

ACIC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

ACIC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™