Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Siebert Financial Corp. (SIEB) stock has reached a new 52-week high, touching $5.4 as the market closed yesterday. With a market capitalization of $217 million, the company appears overvalued according to InvestingPro Fair Value analysis. This milestone underscores a period of significant growth for the company, which has delivered impressive revenue growth of 21.82% and maintains a strong gross profit margin of 93.7%. Investors have shown increased confidence in Siebert Financial’s performance and prospects, propelling the stock to this new high. Trading at a P/E ratio of 11.6x, the company’s strategic initiatives and strong financial results have contributed to the positive sentiment, rewarding shareholders with substantial gains. InvestingPro subscribers have access to 8 additional key insights about SIEB’s performance. As Siebert Financial continues to execute its business plan, market watchers remain attentive to how the stock will perform in the coming weeks, particularly as technical indicators suggest the stock is currently in overbought territory.
In other recent news, Siebert Financial Corp. has appointed Fredrick Scuteri as the new Chief Operating Officer of its broker-dealer subsidiary, Muriel Siebert & Co., LLC. Scuteri brings nearly 30 years of experience in institutional trading and asset management, which is expected to enhance the company’s operational capabilities. The appointment aims to streamline workflows and integrate modern technologies within Siebert. Additionally, Siebert Financial has updated its auditor’s consent in a recent SEC filing, amending details related to its Annual Report for the fiscal year ending December 31, 2024. This procedural update, signed by CEO John J. Gebbia and EVP Andrew H. Reich, does not alter any previously reported financial results or disclosures. The amendment reflects Siebert’s commitment to maintaining transparent financial reporting. Meanwhile, INX Ltd has filed its annual financial report with the SEC, including detailed management discussions and consolidated financial statements for the fiscal year ended December 31, 2024. This filing provides stakeholders with insights into INX Ltd’s financial performance and strategic direction, although specific financial figures were not disclosed.
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