NMI Holdings Inc (NMIH): A Technical Analysis

NMI Holdings Inc (NASDAQ: NMIH) has a higher price-to-earnings ratio of 8.29x compared to its average ratio. NMIH has 36-month beta value of 1.06. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”

The public float for NMIH is 79.23M, and currently, short sellers hold a 2.26% ratio of that float. The average trading volume of NMIH on April 04, 2024 was 550.76K shares.

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NMIH) stock’s latest price update

The stock of NMI Holdings Inc (NASDAQ: NMIH) has increased by 0.89 when compared to last closing price of 31.57.Despite this, the company has seen a gain of 1.89% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-15 that NMI Holdings (NMIH) reported earnings 30 days ago. What’s next for the stock?

NMIH’s Market Performance

NMI Holdings Inc (NMIH) has seen a 1.89% rise in stock performance for the week, with a 7.82% gain in the past month and a 7.38% surge in the past quarter. The volatility ratio for the week is 1.87%, and the volatility levels for the past 30 days are at 2.15% for NMIH. The simple moving average for the past 20 days is 4.23% for NMIH’s stock, with a 11.84% simple moving average for the past 200 days.

Analysts’ Opinion of NMIH

Many brokerage firms have already submitted their reports for NMIH stocks, with UBS repeating the rating for NMIH by listing it as a “Buy.” The predicted price for NMIH in the upcoming period, according to UBS is $36 based on the research report published on December 06, 2023 of the previous year 2023.

Barclays, on the other hand, stated in their research note that they expect to see NMIH reach a price target of $37. The rating they have provided for NMIH stocks is “Overweight” according to the report published on November 15th, 2023.

BofA Securities gave a rating of “Buy” to NMIH, setting the target price at $33 in the report published on October 17th of the previous year.

NMIH Trading at 4.70% from the 50-Day Moving Average

After a stumble in the market that brought NMIH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.00% of loss for the given period.

Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares surge +7.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.98% upper at present.

During the last 5 trading sessions, NMIH rose by +1.89%, which changed the moving average for the period of 200-days by +25.30% in comparison to the 20-day moving average, which settled at $30.67. In addition, NMI Holdings Inc saw 7.31% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NMIH starting from Smith Robert Owen, who sale 3,000 shares at the price of $31.19 back on Mar 21 ’24. After this action, Smith Robert Owen now owns 82,612 shares of NMI Holdings Inc, valued at $93,556 using the latest closing price.

Realmuto Nicholas Daniel, the VP, Controller of NMI Holdings Inc, sale 1,803 shares at $30.08 during a trade that took place back on Mar 19 ’24, which means that Realmuto Nicholas Daniel is holding 10,128 shares at $54,238 based on the most recent closing price.

Stock Fundamentals for NMIH

Current profitability levels for the company are sitting at:

  • 0.54 for the present operating margin
  • 1.0 for the gross margin

The net margin for NMI Holdings Inc stands at 0.56. The total capital return value is set at 0.11. Equity return is now at value 18.20, with 11.66 for asset returns.

Based on NMI Holdings Inc (NMIH), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.86. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 9.71.

Currently, EBITDA for the company is 11.54 million with net debt to EBITDA at 0.98. When we switch over and look at the enterprise to sales, we see a ratio of 4.99. The receivables turnover for the company is 5.57for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.24.

Conclusion

To put it simply, NMI Holdings Inc (NMIH) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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