On 01-28-2k21 (Thursday) Shareholders tracking shares of Oxbridge Re Holdings Limited (OXBR) belongs to Financial sector and Insurance – Reinsurance industry. OXBR flaunted 31.21% to reach at $4.12 during previous trading session. OXBR Inc. has a total market value of 23.40M at the time of writing – representing $5.73M outstanding shares. Turning to other widely-considered trading data, this company’s half yearly performance is observed at 237.70%.
Oxbridge Re Holdings Limited (OXBR), a provider of reinsurance solutions primarily to property and casualty insurers, reported its results for the three and nine months ended September 30, 2020.
NINE MONTHS 2020 HIGHLIGHTS:
Improved results due to higher net premiums earned
Premium income rises on normalized recognition in current year
No losses incurred to date in 2020
G&A expenses continue to decline due to cost savings initiatives
Sidecar investors in Series 2019-1 participating notes earned a 36% return
For the three months ended September 30, 2020 the Company generated a net loss of $33,000 or $(0.01) per basic and diluted common share compared with a net loss of $15,000 or $(0.00) per basic and diluted common share in the third quarter of 2019. For the nine months ended September 30, 2020 the Company incurred a reduced net loss of $232,000 or ($0.04) per basic and diluted common share compared with a net loss of $366,000 or $(0.06) per basic and diluted common share in the same period last year. The improvement through the first nine months of 2020 was due primarily to higher net premiums earned in the current year.
Net premiums earned for the three months ended September 30, 2020 decreased marginally to $247,000 from $279,000 in the prior year due to lower capital deployed in the current year. For the first nine months of 2020 net premiums earned increased to $646,000 from $372,000 in the prior year. The increase for the nine months ended September 30, 2020 was due to only one month premium being recognized through the first nine months of the prior year as a result of previous accelerated premium recognition compared to normal premium recognition in 2020.
Total expenses, including policy acquisition costs and underwriting expenses and general and administrative expenses were $266,000 in the third quarter of 2020 compared to $295,000 in the third quarter of 2019. For the first nine months of 2020 total expenses were $838,000, down from $849,000 last year.
Policy acquisition costs decreased during the quarter due to lower net premiums earned during the current quarter, when compared with same period prior year. Policy acquisition costs increased during the first nine months of 2020 due to the normal recognition of policy acquisition costs during the current period, when compared with lower recognition in the prior year period due to the previous acceleration of such costs upon suffering limit losses on reinsurance contracts.
General and administrative costs continued to decline for the three and nine months ended September 30, 2020 compared to the prior year due to ongoing cost savings initiatives implemented by the Company.
At September 30, 2020, cash and cash equivalents, and restricted cash and cash equivalents, totaled $7.4 million compared with $8.0 million at December 31, 2019.
Loss ratio, which measures underwriting profitability, is the ratio of losses and loss adjustment expenses incurred to net premiums earned. For the three and nine months ended September 30, 2020 the loss ratio was 0.0% due to no loss and loss adjustment expenses incurred to date.
Acquisition cost ratio, which measures operational efficiency, compares policy acquisition costs and other underwriting expenses with net premiums earned. The acquisition cost ratios for the three and nine months ended September 30, 2020 were 10.9% and 11.0%, respectively, compared to 11.1% and 11.0% in the same periods in 2019. The decrease in the third quarter was due to marginally lower weighted-average acquisition costs on reinsurance contracts in force for the three months ended September 30, 2020 compared with the same period in 2019. The acquisition cost ratio remained unchanged at 11.0% for the nine-month period ended September 30, 2020 and 2019.
Expense ratio, which measures operating performance, compares policy acquisition costs, other underwriting expenses and general and administrative expenses with net premiums earned. The expense ratios for the three and nine months ended September 30, 2020 were 107.7% and 129.7%, respectively, compared to 105.7% and 228.2%, respectively, for the same periods in 2019. The increase in the third quarter is due primarily to a lower denominator in net premiums earned as recorded during the three-month period ended September 30, 2020, when compared with the three-month period ended September 30, 2019. The decrease through the first nine months of 2020 was due to the reduced general and administrative expenses in the current year and a higher denominator in net premiums earned as recorded to date in 2020, when compared with the same periods in 2019.
Combined ratio, which is used to measure underwriting performance, is the sum of the loss ratio and the expense ratio. If the combined ratio is at or above 100%, underwriting is not profitable. The combined ratio for the three and nine months ended September 30, 2020 were 107.7% and 129.7%, respectively, compared to 105.7% and 228.2%, respectively, in 2019. The improvement in the first nine months of 2020 is due to a higher denominator in net premiums earned and reduced total expenses in 2020 compared with the prior year.
The Cayman Islands listed company saw a recent price trade of $4.12 and 30,873,610 shares have traded hands in the session. There are 3.96M shares which are traded as an average over the last three months period.
Many investors forget that one of the defining characteristics of the stock market is that it’s a market. Buyers and sellers help determine the price of each stock, and the more buyers and sellers a particular stock has interested in it, the more liquid the market will be. Liquidity can have a profound impact on just how violently stock prices can move in either direction, and the reasons have to do with the nature of the market in a stock’s shares.
Trading volume, or volume, is the number of shares or contracts that indicates the overall activity of a security or market for a given period. Trading volume is an important technical indicator an investor uses to confirm a trend or trend reversal. Volume gives an investor an idea of the price action of a security and whether they should buy or sell the security.
Looking performance record on shares of Oxbridge Re Holdings Limited (OXBR) we observed that the stock has seen a move 285.05% over the last 52-week trading period. The stock generated performance of 115.71% tracking last 3 months. Investors will be anxiously watching to see if things will turn around and the stock will start gaining or losing momentum over the next few months. If we look back year-to-date, the stock has performed 120.32%. Shares are at 74.58% over the previous week and 145.24% over the past month.
Fluctuating the focus to what the Wall Street analysts are projecting, we can see that the current consensus target price on shares is $0. Analysts often put in a lot of work to study stocks that they cover. Wall Street analysts have a consensus recommendation of 1.00on this stock. This number falls on a one to five scale where a 1 would be considered a strong buy and 5 means a strong sell, 2 shows Buy, 3 Hold, 4 reveals Sell recommendation.
Watching some historical volatility numbers on shares of Oxbridge Re Holdings Limited (OXBR) we can see that the 30 days volatility is presently 25.90%. The 7 days volatility is 44.52%. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period.
The company has a beta of 0.98. 1.00 indicates that its price is correlated with the market. Less than 1.00 shows less volatility than the market. Beta greater than 1.00 indicates that the security’s price is theoretically more volatile than the market.
The Average True Range (ATR) value reported at 0.65. The average true range (ATR) is a technical analysis indicator that measures volatility by decomposing the entire range of an asset price for that period. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The ATR may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by gaps and limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data.
Oxbridge Re Holdings Limited (OXBR) stock positioned 187.80% distance from the 200-day MA and stock price situated 116.89% away from the 50-day MA while located 87.70% off of the 20-day MA.
RSI value sited with reading of 54.55. Relative Strength Index (RSI) is an extremely useful and popular momentum oscillator. The RSI compares the magnitude of a stock’s recent gains to the magnitude of its recent losses and turns that information into a number that ranges from 0 to 100. It takes a single parameter, the number of time periods to use in the calculation. In his book, Wilder recommends using 14 periods.
Observing the Technical Indicators:
Oxbridge Re Holdings Limited institutional ownership is held at 2.10% while insider ownership was 0.60%. As of now, OXBR has a P/S, P/E and P/B values of 16.72, 0 and 3.01 respectively. Its P/Cash is valued at 4.11. The Company’s net profit margin for the 12 months at 0. Comparatively, the gazes have a Gross margin 0.
Looking into the profitability ratios of OXBR stock, an investor will find its ROE, ROA, ROI standing at -2.20%, -1.80% and -3.80%, respectively.
Earnings per Share Details of Oxbridge Re Holdings Limited:
The EPS of OXBR is strolling at -0.03, measuring its EPS growth this year at 94.70%. As a result, the company has an EPS growth of 0 for the approaching year.
Given the importance of identifying companies that will ensure earnings per share at a tall rate, we later obsession to umpire how to identify which companies will achieve high amassing rates. One obvious showing off to identify high earnings per portion count together companies are to locate companies that have demonstrated such build up beyond the p.s. 5 to 10 years.
The payout ratio shows the proportion of earnings paid out as dividends to shareholders, typically expressed as a percentage of the company’s earnings. The payout ratio can also be expressed as dividends paid out as a proportion of cash flow. The payout ratio is also known as the dividend payout ratio. The Company’s payout ratio was 0 and Price to free cash flow remained $0.