How have the shares performed?
Kingsway Financial Services Inc. (KFS) saw an uptrend of 5.46% in the recent trading with $5.11 being its most recent. The current price level -7.00% lower than the highest price of $5.50 marked by the stock while trading over the past 52-weeks, whereas it is 152.65% higher than the lowest price of $2.02 the company dropped to over past 52-weeks. The latest news story on KFS appeared in PR Newswire under the title “Kingsway Reports First Quarter 2021 Results” on May-12-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -1.63% below one month high and is +10.95% above of the lowest during that time. Looking into the simple moving average, Kingsway Financial Services Inc. (KFS)’s stock stands at a SMA-50 of $4.82 while that of 5-day is reading $4.96.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and KFS’s SMA-200 as of now is $4.10.
Kingsway Financial Services Inc. Earnings – What Happened With KFS
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $22.43 billion.
KFS – Kingsway Financial Services Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 22.21 million. KFS does have institutional investors; and they hold 35.90% of the stock.
Kingsway Financial Services Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 18 new insider purchases involving 168,663 shares. On the other hand, KFS declared 6,979 shares have been sold in 1 insider transactions over the past three months.
As on Mar 30, 2021, Stilwell Value LLC was the top most holder in Kingsway Financial Services Inc. (NYSE:KFS) with an ownership of 6.4 million shares of the company or 27.02% of the stake worth $29.78 million. The filing also reveals Renaissance Technologies, LLC as the second largest holder in the company with a control over 1.71% of the outstanding shares. Its stake is worth $1.89 million for having 0.41 million shares in hand.
Gluskin Sheff & Assoc Inc also came holding a key position in the company during the recent quarter and it now holds 0.61% of the outstanding shares. With this there are now 23 institutions which have possession in KFS’s shares.
Kingsway Financial Services Inc.’s return on equity, or ROE, is -119.30%, compared to the industry average of 4.75% for Consumer Cyclical – Auto & Truck Dealerships. Although this indicates that KFS fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Kingsway Financial Services Inc. (NYSE:KFS) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Kingsway Financial Services Inc. (KFS), we notice that the stock’s 20-day average volume is at 40,820 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 36,522 shares. And to end, KFS’s 100-day average volume is 25,506 shares with 100% of the long-term indicators pointing towards Buy for the stock.