At the time of writing, NMI Holdings Inc [NMIH] stock is trading at $40.91, down -0.39%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NMIH shares have gain 2.40% over the last week, with a monthly amount glided 8.54%, and 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 May 22, 2024, when UBS downgraded its rating to a Neutral and also boosted its price target to $39 from $37. Previously, UBS started tracking the stock with Buy rating on December 06, 2023, and set its price target to $36. On November 15, 2023, Barclays initiated with a Overweight rating and assigned a price target of $37 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $33 on October 17, 2023. Barclays downgraded its rating to a Equal Weight and reduced its price target to $25 on January 06, 2023. BTIG Research downgraded its rating to Neutral for this stock on December 06, 2022, but kept the price target unchanged to $24. In a note dated October 17, 2022, Keefe Bruyette downgraded an Mkt Perform rating on this stock and revised its target price from $25 to $23.
For the past year, the stock price of NMI Holdings Inc fluctuated between $25.62 and $42.01. Currently, Wall Street analysts expect the stock to reach $41 within the next 12 months. NMI Holdings Inc [NASDAQ: NMIH] shares were valued at $40.91 at the most recent close of the market. An investor can expect a potential return of 0.22% based on the average NMIH price forecast.
Analyzing the NMIH fundamentals
According to NMI Holdings Inc [NASDAQ:NMIH], the company’s sales were 617.91M for trailing twelve months, which represents an 13.62% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.77%, Pretax Profit Margin comes in at 0.72%, 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 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
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 40.62 points at the first support level, and at 40.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.33, and for the 2nd resistance point, it is at 41.76.
Ratios To Look Out For
It is important to note that NMI Holdings Inc [NASDAQ:NMIH] has a current ratio of 6.05. Considering the valuation of this stock, the price to sales ratio is 5.27, the price to book ratio is 1.60 and price to earnings (TTM) ratio is 9.67.
Transactions by insiders
Recent insider trading involved Leatherberry William J, Chief Admin. Officer & GC, that happened on Aug 27 ’24 when 3000.0 shares were sold. Chief Admin. Officer & GC, Leatherberry William J completed a deal on Aug 26 ’24 to sell 2000.0 shares. Meanwhile, Director EMBLER MICHAEL J sold 26008.0 shares on Jul 31 ’24.
