Ocwen Financial Corporation (NYSE:OCN) went up by 8.64% from its latest closing price when compared to the 1-year high value of $2.23 and move down -232.84%, while OCN stocks collected +7.61% of gains with the last five trading sessions. Press Release reported on 05/08/20 that Ocwen Financial Announces Operating Results for First Quarter 2020 — originally dated May 8, 2020
Ocwen Financial Corporation (NYSE:OCN) Worth an Investment?
Ocwen Financial Corporation (NYSE: OCN) The 36 Months beta value for OCN stocks is at 1.60, while of the analysts out of 0 who provided ratings for Ocwen Financial Corporation stocks as a “buy” while as overweight, rated it as hold and as sell. The average price we get from analysts is $1.00 which is $0.33 above current price. OCN currently has a short float of 3.93% and public float of 118.11M with average trading volume of 2.12M shares.
OCN Market Performance
OCN stocks went up by 7.61% for the week, with the monthly drop of -8.79% and a quarterly performance of 26.16%, while its annual performance rate touched -67.43%. The simple moving average for the period of the last 20 days is -3.19% for OCN stocks with the simple moving average of -43.09% for the last 200 days.
Analysts’ Opinion on Ocwen Financial Corporation (NYSE:OCN)
Many brokerage firms have already submitted their reports for OCN stocks, with BTIG Research repeating the rating for OCN shares by setting it to “Neutral”. The predicted price for OCN socks in the upcoming period according to BTIG Research is $13 based on the research report published on November 30, 2018.
Piper Jaffray, on the other hand, stated in their research note that they expect to see OCN stock at the price of $13. The rating they have provided for OCN stocks is “Neutral” according to the report published on May 1, 2017.
Piper Jaffray gave “ Underweight” rating to OCN stocks, setting the target price at $13 in the report published on October 25, 2016.
OCN Stocks 11.84% Far from 50 Day Moving Average
After a stumble in the market that brought OCN to its low price for the period of the last 52 weeks, Ocwen Financial Corporation was unable to take a rebound, for now settling with -69.77% of loss for the given period.
The stock volatility was left at 10.81%, however, within the period of a single month, the volatility rate increased by 11.47%, while the shares sank at the distance of -10.01% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +49.19% upper at the present time.
In the course of the last 5 trading sessions, OCN went up by +7.61%, which changed the moving average for the period of 200 days to the total of -65.43% of losses for the stock in comparison to the 20-day moving average settled at $0.6927. In addition, Ocwen Financial Corporation saw -50.79% in overturn over the period of a single year with a tendency to cut further losses.
OCN Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Ocwen Financial Corporation (OCN), starting from Busquet Jacques J, who bought 10,000 shares at the price of $0.76 back on Jun 01. After this action, Rushing now owns 344,352 shares of Ocwen Financial Corporation, valued at $7,550 with the latest closing price.
STEIN KEVIN, the Director of Ocwen Financial Corporation, bought 10,000 shares at the value of $0.61 during a trade that took place back on May 14, which means that STEIN KEVIN is holding 77,500 shares at the value of $6,100 based on the most recent closing price.
OCN Stock Fundamentals
The current profitability levels are settled at +23.44 for the present operating margin and +87.44 for gross margin. The net margin for Ocwen Financial Corporation stands at -12.67. Total capital return value is set at 2.89, while invested capital returns managed to touch -1.77. Equity return holds the value -29.90%, with -1.20% for asset returns.
Based on Ocwen Financial Corporation (OCN), the company’s capital structure generated 2,207.83 points for debt to equity in total, while total debt to capital is set at the value of 95.67. Total debt to assets is settled at the value of 87.41 with long-term debt to equity ratio rests at 3.31 and long-term debt to capital is 1,910.22.
The value for Enterprise to Sales is 8.12 with debt to enterprise value settled at 1.04. The receivables turnover for Ocwen Financial Corporation is 5.56 with the total asset turnover at the value of 0.11.