Ambac Financial Group - AMBC Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ambac Financial Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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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1 brokerages have issued 12 month price objectives for Ambac Financial Group's stock. Their AMBC share price forecasts range from $9.00 to $9.00. On average, they expect the company's share price to reach $9.00 in the next twelve months. This suggests that the stock has a possible downside of 39.8%.
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Ambac Financial Group's stock was trading at $16.05 at the beginning of 2022. Since then, AMBC stock has decreased by 6.9% and is now trading at $14.94.
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Ambac Financial Group saw a drop in short interest in July. As of July 31st, there was short interest totaling 3,110,000 shares, a drop of 13.4% from the July 15th total of 3,590,000 shares. Based on an average trading volume of 606,300 shares, the days-to-cover ratio is currently 5.1 days. Currently, 7.1% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
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Ambac Financial Group, Inc. (NYSE:AMBC) released its quarterly earnings results on Monday, August, 8th. The company reported $0.28 EPS for the quarter. The company earned $86 million during the quarter. Ambac Financial Group had a trailing twelve-month return on equity of 4.13% and a net margin of 0.65%.

Ambac Financial Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, March 30th 2022, which authorizes the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors 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 a number of institutional and retail investors. Top institutional investors include State Street Corp (3.65%), Goldman Sachs Group Inc. (3.04%), Repertoire Partners LP (2.66%), Deutsche Bank AG (1.34%), Northern Trust Corp (1.12%) and Gator Capital Management LLC (0.73%). 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 $14.94.

Ambac Financial Group (NYSE:AMBC) has a market capitalization of $671.70 million and generates $282 million in revenue each year. The company earns $-17,000,000.00 in net income (profit) each year or $0.08 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.