On 8/6/24, Ambac Financial Group Inc (NYSE: AMBC) stock suffered a major decline of -10.9%, closing at $10.40. Moreover, exceptionally high trading volume at 260% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -17.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, AMBC is expected to be Value Creation neutral.
Ambac Financial Group has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ambac Financial Group has a good Appreciation Score of 74 but a neutral Power Rating of 44, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment