At the time of writing, NMI Holdings Inc [NMIH] stock is trading at $29.50, down -0.47%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NMIH shares have lost -1.14% over the last week, with a monthly amount drifted -0.10%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NMI Holdings Inc [NASDAQ: NMIH] stock has seen the most recent analyst activity on December 06, 2023, when UBS initiated its Buy rating and assigned the stock a price target of $36. Previously, Barclays started tracking the stock with Overweight rating on November 15, 2023, and set its price target to $37. On October 17, 2023, BofA Securities initiated with a Buy rating and assigned a price target of $33 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $25 on January 06, 2023. BTIG Research downgraded its rating to a Neutral but $24 remained the price target by the analyst firm on December 06, 2022. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on October 17, 2022, and downed its price target to $23. In a note dated June 23, 2022, RBC Capital Mkts downgraded an Sector Perform rating on this stock and revised its target price from $27 to $20.
For the past year, the stock price of NMI Holdings Inc fluctuated between $22.22 and $32.50. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. NMI Holdings Inc [NASDAQ: NMIH] shares were valued at $29.50 at the most recent close of the market. An investor can expect a potential drop of -15.25% based on the average NMIH price forecast.
Analyzing the NMIH fundamentals
According to NMI Holdings Inc [NASDAQ:NMIH], the company’s sales were 579.00M for trailing twelve months, which represents an 13.73% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.54%, Pretax Profit Margin comes in at 0.71%, and Net Profit Margin reading is 0.56%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.18 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 29.24 points at the first support level, and at 28.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.89, and for the 2nd resistance point, it is at 30.27.
Ratios To Look Out For
It is important to note that NMI Holdings Inc [NASDAQ:NMIH] has a current ratio of 6.24. Considering the valuation of this stock, the price to sales ratio is 4.11, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 7.68.
Transactions by insiders
Recent insider trading involved Smith Robert Owen, EVP, Chief Risk Officer, that happened on Mar 21 ’24 when 3000.0 shares were sold. VP, Controller, Realmuto Nicholas Daniel completed a deal on Mar 19 ’24 to sell 1803.0 shares. Meanwhile, EVP, Operations & Info. Tech. Yousaf Mohammad Nawaz sold 1117.0 shares on Mar 19 ’24.
