Atlas Financial Holdings Inc. (NASDAQ:AFH) does about 4.70M shares in volume on a normal day but saw 3985097 shares change hands in Tuesday trading. The company now has a market cap of 2.35M USD. Its current market price is $0.20, marking a decrease of -47.21% compared to the previous close of $0.39. The 52 week high reached by this stock is $2.45 whilst the lowest price level in 52 weeks is $0.31. The script in recent trading has seen the stock touch a high of $0.3643 and a low of $0.2001.
Atlas Financial Holdings Inc. (AFH) has a 20-day trading average at $0.4452 and the current price is -91.63% off the 52-week high compared with -32.79% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5301 and its 200-day simple moving average is $0.4923. If we look at the stock’s price movements over the week, volatility stands at 21.22%, which decreases to 12.25% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 16.99 to suggest the stock is oversold.
1 analysts observing the Atlas Financial Holdings Inc. (AFH) stock have set the 12-month price targets for the company’s shares at between $2.25 and $2.25. The median price target is 91.11% away from the current levels at $2.25.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 12, 2018 when Sandler O’Neill downgraded the stock to “Hold” and issued a price target of . Boenning & Scattergood also downgraded the stock to “Neutral” from Outperform on March 02, 2018 at a price target of .
The current price level is -55.74%, -62.09%, and -58.50% away from its SMA20, SMA50, and SMA200 respectively, with the AFH price moving above the 50-day SMA on September 01. Atlas Financial Holdings Inc. (AFH) stock is down -48.62% over the week and -61.60% over the past month. Its price is -52.50% year-to-date and -49.35% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2018, with the company’s earnings per share (EPS) of -$4.36 below consensus estimates by -$4.83. The company’s next earnings report is expected on 08/10/2020. Expected sales for next quarter are $47.05 million, which analysts say will come at $191.49 million for the current fiscal year and next year at $195.82 million. In addition, estimates put the company’s current quarterly revenue at an average of $49.24 million.
Its 12-month price target is $2.25. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $2.25, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $2.25.
Outstanding shares total 11.96M with insiders holding 9.28% of the shares and institutional holders owning 16.21% of the company’s common stock. The company has a return on investment of -260.50%. The beta has a value of 1.15. Price to book ratio is 0.57 and price to sales ratio is 0.01.
According to a U.S. Securities and Exchange Commission filing, Vanguard Extended Market Index Fu has reduced its position in Atlas Financial Holdings Inc. (AFH) to 163,656 shares, mirroring a recent drop by 0.00%. Vanguard Extended Market Index Fu dumped 0.0 shares of Atlas Financial Holdings Inc. common stock bringing its total worth to about $86247.0 at the end of recent close, SEC documents show. Vanguard Extended Market Index Fu isn’t the only investment manager who changed stakes and is followed by Fidelity Extended Market Index Fu, which sold off 0.0 shares to end up with 41,883 shares worth $22072.0. Pinnacle Value Fund cut their holdings by -66.91% in the company over the course of the most recent quarter. It now holds a 0.25% position in Atlas Financial Holdings Inc. thanks to 29590.0 shares amounting to $15594.0.