AMBC Stock Summary and Trading Ideas (Ambac Financial Group | NYSE:AMBC)

Ambac Financial Group Inc is a financial services holding company. The business operations of the company include Legacy Financial Guarantee Insurance, Specialty Property and Casualty Insurance and Insurance Distribution. The Company has three reportable segments namely Legacy Financial Guarantee Insurance, Specialty Property and Casualty Insurance and Insurance Distribution. Majority of revenues are earned from Legacy Financial Guarantee Insurance segment.

Ambac Financial Group trades on the NYSE stock market under the symbol AMBC.

As of November 7, 2024, AMBC stock price declined to $11.30 with 386,181 million shares trading.

AMBC has a beta of 1.02, meaning it tends to be more sensitive to market movements. AMBC has a correlation of 0.07 to the broad based SPY ETF.

AMBC has a market cap of $536.08 million. This is considered a Small Cap stock.

Last quarter Ambac Financial Group reported $105 million in Revenue and $.18 earnings per share. This beat revenue expectation by $32 million and exceeded earnings estimates by $.03.

In the last 3 years, AMBC traded as high as $18.45 and as low as $7.24.

The top ETF exchange traded funds that AMBC belongs to (by Net Assets): IJR, VTI, IWM, AVUV, VXF.

AMBC has underperformed the market in the last year with a price return of -9.5% while the SPY ETF gained +37.9%. AMBC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +7.3% and -2.4%, respectively, while the SPY returned +15.2% and +2.8%, respectively.

AMBC support price is $11.39 and resistance is $11.89 (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 AMBC shares will trade within this expected range on the day.