The stock of OneMain Holdings Inc (NYSE: OMF) has increased by 1.14 when compared to last closing price of 48.02.Despite this, the company has seen a loss of -0.95% in its stock price over the last five trading days. marketwatch.com reported 2024-06-27 that Jefferies Financial Group Inc.’s stock touched an all-time high Thursday after the investment bank boosted its dividend by nearly 17% and said it expects a strong second half.
Is It Worth Investing in OneMain Holdings Inc (NYSE: OMF) Right Now?
OneMain Holdings Inc (NYSE: OMF) has a price-to-earnings ratio of 9.48x that is above its average ratio. Additionally, the 36-month beta value for OMF is 1.57. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The public float for OMF is 118.99M and currently, short sellers hold a 3.53% ratio of that float. The average trading volume of OMF on June 28, 2024 was 873.74K shares.
OMF’s Market Performance
OMF stock saw an increase of -0.95% in the past week, with a monthly gain of 1.97% and a quarterly increase of -4.94%. The volatility ratio for the week is 1.75%, and the volatility levels for the last 30 days are 1.94% for OneMain Holdings Inc (OMF). The simple moving average for the past 20 days is 0.49% for OMF’s stock, with a 6.80% simple moving average for the past 200 days.
Analysts’ Opinion of OMF
Piper Sandler, 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 $55. The rating they have provided for OMF stocks is “Neutral” according to the report published on February 08th, 2024.
Northland Capital gave a rating of “Market Perform” to OMF, setting the target price at $49 in the report published on January 17th of the current year.
OMF Trading at -1.49% 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 -9.48% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 1.75%, as shares surge +0.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.01% upper at present.
During the last 5 trading sessions, OMF fell by -0.75%, which changed the moving average for the period of 200-days by +18.57% in comparison to the 20-day moving average, which settled at $48.34. In addition, OneMain Holdings Inc saw -1.29% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OMF starting from Hedlund Michael A, who sale 3,000 shares at the price of $48.10 back on Jun 11 ’24. After this action, Hedlund Michael A now owns 28,147 shares of OneMain Holdings Inc, valued at $144,300 using the latest closing price.
Conrad Micah R., the EVP & COO of OneMain Holdings Inc, sale 7,500 shares at $50.63 during a trade that took place back on May 14 ’24, which means that Conrad Micah R. is holding 119,525 shares at $379,730 based on the most recent closing price.
Stock Fundamentals for OMF
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.54 for the gross margin
The net margin for OneMain Holdings Inc stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 19.60, with 2.66 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 6.07. The interest coverage ratio of the stock is 1.03.
Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 22.39. When we switch over and look at the enterprise to sales, we see a ratio of 5.19. The receivables turnover for the company is 0.26for trailing twelve months and the total asset turnover is 0.19.
Conclusion
In conclusion, OneMain Holdings Inc (OMF) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
