Onity Group Inc [ONIT] stock prices are down -1.26% to $52.68 at the moment. 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 5.40% over the last week, with a monthly amount glided 18.25%, and 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.
The stock price of Onity Group Inc [ONIT] has been fluctuating between $25.50 and $54.10 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 $52.68 at the most recent close of the market. An investor can expect a potential drop of -24.07% based on the average ONIT price forecast.
Analyzing the ONIT fundamentals
The Onity Group Inc [NYSE:ONIT] reported sales of 1.00B for trailing twelve months, representing a surge of 8.85%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.07 and Total Capital is 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
It’s worth pointing out that Onity Group Inc [NYSE:ONIT]’s Current Ratio is 0.41. Also, the Quick Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 0.85 and price to earnings (TTM) ratio is 15.96.
