Last Updated: 17 Sep 2024
Executive Summary
Conifer Holding Inc. (CNFR) is a property and casualty insurance holding company with a market capitalization of $122.9 million. The company has been facing financial challenges, with negative earnings and margins. Analysts have rated the stock as a "Sell," and the target price is $0.61. The current stock price of $1.03 suggests a potential downside risk.
Company Overview
Conifer Holding Inc. is headquartered in Birmingham, Michigan. The company offers a range of insurance products, including homeowners, auto, and commercial insurance. Conifer operates in the United States and has a workforce of approximately 500 employees.
Fundamental Analysis
Conifer's financial performance has been weak in recent quarters. The company reported a loss per share of $2.13 in the latest quarter, a 0.92% decline year-over-year. Revenue grew by 0.077% to $96.8 million. The company's profit margin and operating margin are negative, indicating operational inefficiencies.
Conifer's return on assets and return on equity are also negative, suggesting that the company is not generating sufficient returns on its investments. The company's book value is negative, indicating that its liabilities exceed its assets.
Technical Analysis
The stock price of CNFR has been trending lower in recent months. The 50-day moving average is at $0.922, and the 200-day moving average is at $1.054. The stock is currently trading below both moving averages, indicating a bearish trend.
Short Term Outlook
Given the company's weak financial performance and negative analyst ratings, the short-term outlook for CNFR is bearish. The stock price is likely to continue to decline in the near term.
Long Term Outlook
The long-term outlook for CNFR is also uncertain. The company needs to improve its financial performance and address its operational inefficiencies to turn around its business. However, given the current challenges, it is difficult to predict when the company will be able to achieve profitability.
Analyst Recommendations
Analysts have rated CNFR as a "Sell" with a target price of $0.61. This suggests that analysts believe the stock is overvalued at its current price. Investors should consider the analyst recommendations and the company's financial performance before making any investment decisions.
