AAME Stock Summary and Trading Ideas (Atlantic American | NASDAQ:AAME)

Atlantic American Corp operates in specialty markets within the life and health and property and casualty insurance industries. The company has two segments: American Southern, It provides property and casualty insurance including bodily injury and property damage liability coverage, uninsured motorist coverage, and physical damage coverage for commercial accounts. It also provides tailored business automobile insurance coverage, on a multi-year contract basis, to state governments and local municipalities, and Bankers Fidelity, the company's life and health operations offer a variety of life and supplemental health products including ordinary and term life insurance, Medicare supplement, and other health insurance. It earns revenue from the collection of premiums and investment income.

Atlantic American trades on the NASDAQ stock market under the symbol AAME.

As of April 19, 2024, AAME stock price climbed to $1.96 with 4,362 million shares trading.

AAME has a market cap of $39.99 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, AAME stock traded as high as $5.70 and as low as $1.49.

The top ETF exchange traded funds that AAME belongs to (by Net Assets): VXF, VTI, IWC, DFAT, DFAS.

AAME has underperformed the market in the last year with a price return of -15.6% while the SPY ETF gained +21.2%. AAME has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -25.3% and -8.8%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

AAME support price is $1.80 and resistance is $2.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAME stock will trade within this expected range on the day.