Ambac Financial Group - AMBC Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ambac Financial Group in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AMBC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMBC, but not buy additional shares or sell existing shares.
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2 Wall Street analysts have issued 12 month price objectives for Ambac Financial Group's shares. Their AMBC share price forecasts range from $9.00 to $18.00. On average, they anticipate the company's stock price to reach $13.50 in the next twelve months. This suggests that the stock has a possible downside of 21.0%.
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Ambac Financial Group's stock was trading at $17.44 at the beginning of the year. Since then, AMBC shares have decreased by 2.1% and is now trading at $17.08.
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Ambac Financial Group saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,730,000 shares, an increase of 14.2% from the December 31st total of 2,390,000 shares. Based on an average daily volume of 462,000 shares, the days-to-cover ratio is presently 5.9 days. Currently, 6.2% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Ambac Financial Group, Inc. (NYSE:AMBC) announced its earnings results on Tuesday, November, 8th. The company reported $7.37 EPS for the quarter. The company earned $80 million during the quarter. Ambac Financial Group had a trailing twelve-month return on equity of 35.58% and a net margin of 96.15%.

Ambac Financial Group declared that its board has authorized a share buyback program on Wednesday, March 30th 2022, which permits the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Ambac Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMBC."

Ambac Financial Group's stock is owned by many different retail and institutional investors. Top institutional investors include Exchange Traded Concepts LLC (0.14%), Yousif Capital Management LLC (0.06%), Mraz Amerine & Associates Inc. (0.06%), Comerica Bank (0.06%), Counterpoint Mutual Funds LLC (0.03%) and Natixis Advisors L.P. (0.03%). Insiders that own company stock include C James Prieur, Claude Leblanc, David Trick, Lisa G Iglesias and R Sharon Smith.
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Shares of AMBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AMBC stock can currently be purchased for approximately $17.08.

Ambac Financial Group (NYSE:AMBC) has a market capitalization of $768.09 million and generates $282 million in revenue each year. The company earns $-17,000,000.00 in net income (profit) each year or $7.14 on an earnings per share basis.

The company employs 132 workers across the globe.

Ambac Financial Group's mailing address is ONE WORLD TRADE CENTER, NEW YORK NY, 10007. The official website for the company is www.ambac.com. The company can be reached via phone at (212) 658-7470, via email at agoldstein@ambac.com, or via fax at 212-208-3414.