Why Federated National Holding Company (NASDAQ:FNHC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $29.67 on Federated National Holding Company (NASDAQ:FNHC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.75 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Federated National Holding Company (NASDAQ:FNHC) stands at 8.15.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Federated National Holding Comp, the PEG ratio for coming 3-5 years is 0.51.

Technical Analysis

The technical analysis highlights that Federated National Holding Comp current is trading $-2.00 points away or -10.17% from its 50-day moving average of $19.68. Further it is trading $-2.90 or -14.11% away its 200-day moving average of $20.58.

The 52-week high of Federated National Holding Company (NASDAQ:FNHC) was $32.61 while lowest point recorded in 52-week was $17.42. It implies if stock price makes a movement of over $-14.93, it will record a new 52-week high. In the case of +1.49% drop, it will touch a new 52-week low.

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