The stock of Emergent Capital Inc (NYSE:EMG) hit a new 52-week low and has $2.23 target or 11.00% below today’s $2.51 share price. The 9 months bearish chart indicates high risk for the $68.06 million company. The 1-year low was reported on Nov, 10 by Barchart.com. If the $2.23 price target is reached, the company will be worth $7.49M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 3.09% or $0.08 on November 10, hitting $2.51. About 90,704 shares traded hands or 47.29% up from the average. Emergent Capital Inc (NYSE:EMG) has declined 39.86% since April 8, 2016 and is downtrending. It has underperformed by 45.51% the S&P500.
Analysts await Emergent Capital Inc (NYSE:EMG) to report earnings on November, 14. They expect $-0.17 earnings per share, up 64.58% or $0.31 from last year’s $-0.48 per share. After $0.11 actual earnings per share reported by Emergent Capital Inc for the previous quarter, Wall Street now forecasts -254.55% negative EPS growth.
According to Zacks Investment Research, “Emergent Capital, Inc. is a specialty finance company which invests in esoteric asset classes, primarily life settlements. It purchases individual policies and portfolios of life insurance policies. The Company manages those assets based on actuarial and market data. It provides customized liquidity solutions to owners of illiquid financial assets, which include life finance and structured settlements. Emergent Capital, Inc., formerly known as Imperial Holdings Inc., is based in Boca Raton, Florida.”
More notable recent Emergent Capital Inc (NYSE:EMG) news were published by: Prnewswire.com which released: “Emergent Capital Announces Third Quarter 2016 Earnings Conference Call” on November 01, 2016, also Prnewswire.com with their article: “Emergent Capital, Inc. Announces Second Quarter 2016 Results” published on August 03, 2016, Prnewswire.com published: “Emergent Capital, Inc. Announces Offering Of Senior Notes Due 2021” on February 01, 2016. More interesting news about Emergent Capital Inc (NYSE:EMG) were released by: Prnewswire.com and their article: “Emergent Capital, Inc. Announces Lawsuit Challenging Bylaw Dismissed” published on September 11, 2015 as well as Prnewswire.com‘s news article titled: “Emergent Capital Announces Conclusion of Investigation by U.S. Attorney’s Office” with publication date: January 04, 2016.
EMG Company Profile
Emergent Capital, Inc., formerly Imperial Holdings, Inc., incorporated on February 2, 2011, is a specialty finance firm that invests in asset classes, primarily life settlements. The Company, through its subsidiary companies, owns a portfolio of approximately 630 life insurance policies (life settlements). The Firm purchases individual policies and portfolios of life insurance policies and manages those assets based on actuarial and market data.
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