Can Buying SiriusPoint Ltd (NYSE: SPNT) Still Be Worthwhile?

SiriusPoint Ltd (NYSE:SPNT) does about 605.01K shares in volume on a normal day but saw 1615590 shares change hands in the recent trading day. The company now has a market cap of 2.37B USD. Its current market price is $14.59, marking an increase of 2.39% compared to the previous close of $14.25. The 52 week high reached by this stock is $16.50 whilst the lowest price level in 52 weeks is $11.48.

SiriusPoint Ltd (SPNT) has a 20-day trading average at $14.28 and the current price is -11.58% off the 52-week high compared with 27.04% distance from its 52-week low. The 50-day simple moving average of the closing price is $14.63 and its 200-day simple moving average is $13.99. If we look at the stock’s price movements over the week, volatility stands at 4.06%, which decreases to 2.81% 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 54.09 to suggest the stock is neutral.

The consensus objective for the share price is $13.00, suggesting that the stock has a potential downside of -12.23% over the period.

The current price level is 2.15%, -0.31%, and 4.27% away from its SMA20, SMA50, and SMA200 respectively, with the SPNT price moving above the 50-day SMA on current market day. SiriusPoint Ltd (SPNT) stock is up 4.07% over the week and 0.34% over the past month. Its price is -10.98% year-to-date and 26.21% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to shrink -12.23 percent from here.

Outstanding shares total 116.43M with insiders holding 10.62% of the shares and institutional holders owning 89.04% of the company’s common stock. The company has a return on investment of 6.85% and return on equity of 8.71%. The price to earnings ratio (P/E ratio) amounts to 15.29 while the forward price to earnings ratio is 6.48. The beta has a value of 0.88. Price to book ratio is 0.98 and price to sales ratio is 0.91.