OneMain Holdings Inc (NYSE: OMF) has seen a decline in its stock price by -1.20 in relation to its previous close of 48.15. However, the company has experienced a -2.18% decline in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-09 that NEW YORK, April 9, 2024 /PRNewswire/ — OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, plans to report its first quarter 2024 results before the market opens on Tuesday, April 30, 2024. The earnings release will be available on OneMain’s investor relations website at http://investor.onemainfinancial.com.
Is It Worth Investing in OneMain Holdings Inc (NYSE: OMF) Right Now?
The price-to-earnings ratio for OneMain Holdings Inc (NYSE: OMF) is 8.95x, which is above its average ratio. Moreover, the 36-month beta value for OMF is 1.66. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for OMF is 118.88M and currently, short sellers hold a 3.25% of that float. On April 12, 2024, OMF’s average trading volume was 1.07M shares.
OMF’s Market Performance
OMF stock saw a decrease of -2.18% in the past week, with a monthly decline of -2.26% and a quarterly a decrease of -4.59%. The volatility ratio for the week is 2.00%, and the volatility levels for the last 30 days are 2.14% for OneMain Holdings Inc (OMF). The simple moving average for the last 20 days is -3.79% for OMF stock, with a simple moving average of 8.31% for the last 200 days.
Analysts’ Opinion of OMF
Many brokerage firms have already submitted their reports for OMF stocks, with Piper Sandler repeating the rating for OMF by listing it as a “Neutral.” The predicted price for OMF in the upcoming period, according to Piper Sandler is $49 based on the research report published on February 08, 2024 of the current year 2024.
Northland Capital, on the other hand, stated in their research note that they expect to see OMF reach a price target of $49, previously predicting the price at $46. The rating they have provided for OMF stocks is “Market Perform” according to the report published on January 17th, 2024.
Deutsche Bank gave a rating of “Buy” to OMF, setting the target price at $68 in the report published on January 10th of the current year.
OMF Trading at -0.92% from the 50-Day Moving Average
After a stumble in the market that brought OMF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.90% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 2.00%, as shares sank -2.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.78% lower at present.
During the last 5 trading sessions, OMF fell by -2.18%, which changed the moving average for the period of 200-days by +13.59% in comparison to the 20-day moving average, which settled at $49.38. In addition, OneMain Holdings Inc saw -3.31% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OMF
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.52 for the gross margin
The net margin for OneMain Holdings Inc stands at 0.15. The total capital return value is set at 0.04. Equity return is now at value 20.63, with 2.74 for asset returns.
Based on OneMain Holdings Inc (OMF), the company’s capital structure generated 0.86 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 6.22. The interest coverage ratio of the stock is 1.0.
Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 17.44. When we switch over and look at the enterprise to sales, we see a ratio of 5.72. The receivables turnover for the company is 0.24for trailing twelve months and the total asset turnover is 0.18.
Conclusion
To wrap up, the performance of OneMain Holdings Inc (OMF) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
