OneMain Holdings Inc (NYSE: OMF) has a price-to-earnings ratio that is above its average at 10.05x. The stock has a 36-month beta value of 1.58. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 3 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for OMF is 118.99M, and at present, short sellers hold a 4.25% of that float. On July 19, 2024, the average trading volume of OMF was 870.36K shares.
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OMF) stock’s latest price update
The stock price of OneMain Holdings Inc (NYSE: OMF) has dropped by -2.02 compared to previous close of 52.55. Despite this, the company has seen a gain of 4.65% in its stock price over the last five trading days. prnewswire.com reported 2024-07-09 that NEW YORK, July 9, 2024 /PRNewswire/ — OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, plans to report its second quarter 2024 results before the market opens on Wednesday, July 31, 2024. The earnings release will be available on OneMain’s investor relations website at http://investor.onemainfinancial.com.
OMF’s Market Performance
OneMain Holdings Inc (OMF) has experienced a 4.65% rise in stock performance for the past week, with a 7.27% rise in the past month, and a 9.00% rise in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 2.19% for OMF. The simple moving average for the past 20 days is 5.12% for OMF’s stock, with a 11.80% 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 4.97% 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 -4.03% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares surge +6.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.87% lower at present.
During the last 5 trading sessions, OMF rose by +4.65%, which changed the moving average for the period of 200-days by +28.44% in comparison to the 20-day moving average, which settled at $49.14. In addition, OneMain Holdings Inc saw 4.65% 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 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 5.27. The receivables turnover for the company is 0.26for trailing twelve months and the total asset turnover is 0.19.
Conclusion
To sum up, OneMain Holdings Inc (OMF) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
