James River Group Holdings, Ltd. (NASDAQ:JRVR) is a stock to watch today. At current price of $36.79, the shares have already lost -1.09 points (-2.88% lower) from its previous close of $37.88. The stock sets an active trading volume day with a reported 129699 contracts so far this session. JRVR shares had a relatively better volume day versus average trading capacity of 176.6 thousand shares, but with a 29.46 million float and a -23.43% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for JRVR stock indicates that the average analyst price target is $49.2 per share. This means the stock has a potential increase of 33.73% from where the JRVR share price has been trading recently which is between $36.42 and $39.83. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $40. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $50.
During the recent trading session for James River Group Holdings, Ltd. (NASDAQ:JRVR), the company witnessed their stock drop by $-12.69 over a week and tumble down $-12.72 from the price 20 days ago. When compared to their established 52-week high of $52.18, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/25/19. The recent low of $34.08 stood for a -29.49% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.53 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for JRVR is set at $48, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for James River Group Holdings, Ltd., the two-week RSI stands at 16.01. This figure suggests that JRVR stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current JRVR readings is similarly very revealing as it has a stochastic reading of 6.92% at this stage. This figure means that JRVR share price today is being overbought.
Technical chart claims that James River Group Holdings, Ltd. (JRVR) would settle between $39.67/share to $41.45/share level. However, if the stock price goes below the $36.26 mark, then the market for James River Group Holdings, Ltd. becomes much weaker. If that happens, the stock price might even plunge as low as $34.63 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -6.02. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at SunTrust lowered their recommendation on shares of JRVR from Buy to Hold in their opinion released on October 09. B. Riley FBR analysts have lowered their rating of James River Group Holdings, Ltd. (NASDAQ:JRVR) stock from Neutral to Sell in a separate flash note issued to investors on October 09. Analysts at Keefe Bruyette lowered the stock to a Mkt Perform call from its previous Outperform recommendation, in a research note that dated back to November 12.
JRVR equity has an average rating of 2.71, with the figure leaning towards a bullish end. 5 analysts who tracked the company were contacted by Reuters. Amongst them, 3 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 1 analysts rated James River Group Holdings, Ltd. (NASDAQ:JRVR) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, JRVR stock price is currently trading at 13.1X forward 12-month Consensus EPS estimates, and its P/E ratio is 15.5 while for the average stock in the same group, the multiple is 14.6. James River Group Holdings, Ltd. current P/B ratio of 1.5 means it is trading at a premium against its industry’s 1.4.
James River Group Holdings, Ltd. (JRVR)’s current-quarter revenues are projected to climb by nearly 4.1% to hit $233870, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 2.8% from $885600 to a noteworthy $910830. At the other end of the current quarter income statement, James River Group Holdings, Ltd. is expected to see its adjusted earnings surge by roughly -164.1% to hit $-0.41 per share. For the fiscal year, JRVR’s earnings are projected to climb by roughly -42.9% to hit $1.33 per share.