Currently, NMI Holdings Inc [NMIH] is trading at $37.37, down -2.15%. 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 gain 0.32% over the last week, with a monthly amount drifted -10.00%, 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 September 18, 2024, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $48 from $40. Previously, UBS downgraded its rating to Neutral on May 22, 2024, and elevated its price target to $39. On December 06, 2023, UBS initiated with a Buy rating and assigned a price target of $36 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $37 on November 15, 2023. BofA Securities initiated its recommendation with a Buy and recommended $33 as its price target on October 17, 2023. Barclays downgraded its rating to Equal Weight for this stock on January 06, 2023, and downed its price target to $25. In a note dated December 06, 2022, BTIG Research downgraded an Neutral rating on this stock but restated the target price of $24.
This stock has fluctuated between a low of $27.00 and a high of $42.49 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $42.6 within the next 12 months. NMI Holdings Inc [NASDAQ: NMIH] shares were valued at $37.37 at the most recent close of the market. An investor can expect a potential return of 14.0% based on the average NMIH price forecast.
Analyzing the NMIH fundamentals
Trailing Twelve Months sales for NMI Holdings Inc [NASDAQ:NMIH] were 635.85M which represents 12.10% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.18%, 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 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
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 36.76 points at the first support level, and at 36.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.15, and for the 2nd resistance point, it is at 38.92.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NMI Holdings Inc [NASDAQ:NMIH] is 6.27. Considering the valuation of this stock, the price to sales ratio is 4.65, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 8.55.
Transactions by insiders
Recent insider trading involved Realmuto Nicholas Daniel, VP, Controller, that happened on Sep 18 ’24 when 291.0 shares were sold. Chief Admin. Officer & GC, Leatherberry William J completed a deal on Aug 27 ’24 to sell 3000.0 shares. Meanwhile, Chief Admin. Officer & GC Leatherberry William J sold 2000.0 shares on Aug 26 ’24.
