At the time of writing, NMI Holdings Inc [NMIH] stock is trading at $38.27, up 0.92%. 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 2.41% over the last week, with a monthly amount drifted -3.09%, 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.
For the past year, the stock price of NMI Holdings Inc fluctuated between $27.00 and $42.49. 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 $38.27 at the most recent close of the market. An investor can expect a potential return of 11.31% based on the average NMIH price forecast.
Analyzing the NMIH fundamentals
According to NMI Holdings Inc [NASDAQ:NMIH], the company’s sales were 635.85M for trailing twelve months, which represents an 12.10% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.58%, 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 0.11. 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 37.92 points at the first support level, and at 37.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.58, and for the 2nd resistance point, it is at 38.88.
Ratios To Look Out For
It is important to note that NMI Holdings Inc [NASDAQ:NMIH] has a current ratio of 6.27. Considering the valuation of this stock, the price to sales ratio is 4.76, the price to book ratio is 1.38 and price to earnings (TTM) ratio is 8.76.
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.
