Onity Group Inc [ONIT] stock is trading at $33.95, up 3.57%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ONIT shares have gain 13.89% over the last week, with a monthly amount drifted -0.15%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Onity Group Inc [NYSE: ONIT] stock has seen the most recent analyst activity on December 09, 2024, when BTIG Research upgraded its rating to a Buy but kept the price target unchanged to $40 for it. Previously, Keefe Bruyette upgraded its rating to Outperform on July 10, 2024. On April 21, 2022, BTIG Research initiated with a Neutral rating. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $50 on September 09, 2021. Jefferies initiated its recommendation with a Buy and recommended $36 as its price target on June 30, 2021. In a note dated May 01, 2017, Piper Jaffray upgraded an Neutral rating on this stock.
Onity Group Inc [ONIT] stock has fluctuated between $22.40 and $36.91 over the past year. Currently, Wall Street analysts expect the stock to reach $40 within the next 12 months. Onity Group Inc [NYSE: ONIT] shares were valued at $33.95 at the most recent close of the market. An investor can expect a potential return of 17.82% based on the average ONIT price forecast.
Analyzing the ONIT fundamentals
Onity Group Inc [NYSE:ONIT] reported sales of 1.07B for the trailing twelve months, which represents a growth of 28.26%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.03 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 26.47.
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 32.91 points at the first support level, and at 31.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.50, and for the 2nd resistance point, it is at 35.05.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 0.57 and price to earnings (TTM) ratio is 22.02.
