Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate American Coastal Insurance Corp before investing.

In this article, we go over a few key elements for understanding American Coastal Insurance Corp’s stock price such as:

• American Coastal Insurance Corp’s current stock price and volume
• Why American Coastal Insurance Corp’s stock price changed recently
• Upgrades and downgrades for ACIC from analysts
• ACIC’s stock price momentum as measured by its relative strength

About American Coastal Insurance Corp (ACIC)

Before we jump into American Coastal Insurance Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

American Coastal Insurance Corporation is the holding company of the insurance carrier, American Coastal Insurance Company. The Company is primarily engaged in the commercial and personal property and casualty insurance business with investments in the United States. Its primary products are commercial and homeowners' residential property insurance. It has two segments: commercial residential property and casualty insurance policies (commercial lines) and personal residential property and casualty insurance policies (personal lines). Its personal lines business provides structure, content and liability coverage for standard single-family homeowners, renters and condominium unit owners, through its subsidiary Interboro Insurance Company. Personal residential products are offered in New York. Its commercial lines business primarily provides commercial multi-peril property insurance for residential condominium associations and apartments in Florida, through its subsidiary AmCoastal.

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American Coastal Insurance Corp’s Stock Price as of Market Close

As of May 24, 2024, 4:00 PM, CST, American Coastal Insurance Corp’s stock price was $12.05.

American Coastal Insurance Corp is down 6.81% from its previous closing price of $12.93.

During the last market session, American Coastal Insurance Corp’s stock traded between $12.80 and $13.58. Currently, there are 47.32 million shares of American Coastal Insurance Corp stock available for purchase.

American Coastal Insurance Corp’s price-earnings (P/E) ratio is currently at 7.9, which is low compared to the Insurance - Property & Casualty industry median of 12.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

American Coastal Insurance Corp Stock Price History

American Coastal Insurance Corp’s (ACIC) price is currently up 15.09% so far this month.

During the month of May, American Coastal Insurance Corp’s stock price has reached a high of $14.38 and a low of $10.23.

Over the last year, American Coastal Insurance Corp has hit prices as high as $14.38 and as low as $3.84. Year to date, American Coastal Insurance Corp’s stock is up 1036.79%.

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What Caused American Coastal Insurance Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 23, 2024, there were 0 analysts who downgraded American Coastal Insurance Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate American Coastal Insurance Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on American Coastal Insurance Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

American Coastal Insurance Corp’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about American Coastal Insurance Corp (ACIC) by visiting AAII Stock Evaluator.

Relative Price Strength of American Coastal Insurance Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 23, 2024, American Coastal Insurance Corp has a weighted four-quarter relative price strength of 12.12%, which translates to a Momentum Score of 89 and is considered to be Very Strong.

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American Coastal Insurance Corp Stock Price: Bottom Line

As of May 24, 2024, American Coastal Insurance Corp’s stock price is $12.05, which is down 6.81% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like American Coastal Insurance Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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