The stock price of OneMain Holdings Inc (NYSE: OMF) has surged by 2.91 when compared to previous closing price of 50.85, but the company has seen a 3.79% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-30 that While the top- and bottom-line numbers for OneMain (OMF) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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 9.85x compared to its average ratio. OMF has 36-month beta value of 1.65. Analysts have mixed views 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 118.81M, and currently, short sellers hold a 2.96% ratio of that float. The average trading volume of OMF on April 30, 2024 was 1.03M shares.
OMF’s Market Performance
OMF’s stock has seen a 3.79% increase for the week, with a 4.18% rise in the past month and a 6.95% gain in the past quarter. The volatility ratio for the week is 2.30%, and the volatility levels for the past 30 days are at 2.27% for OneMain Holdings Inc The simple moving average for the last 20 days is 6.84% for OMF stock, with a simple moving average of 18.30% 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 7.69% 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 able to rebound, for now settling with 1.32% of gains for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares surge +6.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.97% upper at present.
During the last 5 trading sessions, OMF rose by +4.26%, which changed the moving average for the period of 200-days by +13.56% in comparison to the 20-day moving average, which settled at $49.13. In addition, OneMain Holdings Inc saw 6.36% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for OMF
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.5 for the gross margin
The net margin for OneMain Holdings Inc stands at 0.18. The total capital return value is set at 0.03. 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 0.1. The debt to equity ratio resting at 6.07. The interest coverage ratio of the stock is 1.6.
Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 23.13. When we switch over and look at the enterprise to sales, we see a ratio of 7.27.
Conclusion
To put it simply, OneMain Holdings Inc (OMF) 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.
