OneMain Holdings Inc (NYSE: OMF)’s stock price has soared by 1.40 in relation to previous closing price of 47.24. Nevertheless, the company has seen a gain of 0.69% in its stock price over the last five trading days. 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?
OneMain Holdings Inc (NYSE: OMF) has a higher price-to-earnings ratio of 9.01x compared to its average ratio, The 36-month beta value for OMF is at 1.66. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for OMF is 118.81M, and currently, shorts hold a 3.25% of that float. The average trading volume for OMF on April 19, 2024 was 1.06M shares.
OMF’s Market Performance
OMF stock saw a decrease of 0.69% in the past week, with a monthly decline of -2.74% and a quarterly a decrease of 8.08%. The volatility ratio for the week is 2.50%, and the volatility levels for the last 30 days are 2.19% for OneMain Holdings Inc (OMF). The simple moving average for the last 20 days is -2.45% for OMF’s stock, with a simple moving average of 8.81% 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 -0.09% 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 -7.26% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -5.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.97% upper at present.
During the last 5 trading sessions, OMF rose by +0.69%, which changed the moving average for the period of 200-days by +8.62% in comparison to the 20-day moving average, which settled at $48.97. In addition, OneMain Holdings Inc saw -2.64% 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 5.73. The receivables turnover for the company is 0.24for trailing twelve months and the total asset turnover is 0.18.
Conclusion
In conclusion, OneMain Holdings Inc (OMF) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
