The price-to-earnings ratio for NMI Holdings Inc (NASDAQ: NMIH) is above average at 9.85x. The 36-month beta value for NMIH is also noteworthy at 1.13. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for NMIH is 78.31M, and at present, short sellers hold a 1.71% of that float. The average trading volume of NMIH on September 19, 2024 was 538.98K shares.
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NMIH) stock’s latest price update
NMI Holdings Inc (NASDAQ: NMIH)’s stock price has soared by 1.24 in relation to previous closing price of 41.15. Nevertheless, the company has seen a gain of 5.90% in its stock price over the last five trading days. zacks.com reported 2024-09-18 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
NMIH’s Market Performance
NMI Holdings Inc (NMIH) has seen a 5.90% rise in stock performance for the week, with a 8.18% gain in the past month and a 27.36% surge in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are at 2.06% for NMIH. The simple moving average for the last 20 days is 3.61% for NMIH’s stock, with a simple moving average of 26.81% for the last 200 days.
Analysts’ Opinion of NMIH
UBS, on the other hand, stated in their research note that they expect to see NMIH reach a price target of $39, previously predicting the price at $37. The rating they have provided for NMIH stocks is “Neutral” according to the report published on May 22nd, 2024.
UBS gave a rating of “Buy” to NMIH, setting the target price at $36 in the report published on December 06th of the previous year.
NMIH Trading at 8.07% from the 50-Day Moving Average
After a stumble in the market that brought NMIH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.02% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares surge +8.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.28% upper at present.
During the last 5 trading sessions, NMIH rose by +5.90%, which changed the moving average for the period of 200-days by +51.49% in comparison to the 20-day moving average, which settled at $40.38. In addition, NMI Holdings Inc saw 40.36% 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 NMIH starting from Leatherberry William J, who sale 3,000 shares at the price of $40.07 back on Aug 27 ’24. After this action, Leatherberry William J now owns 153,689 shares of NMI Holdings Inc, valued at $120,210 using the latest closing price.
Leatherberry William J, the Chief Admin. Officer & GC of NMI Holdings Inc, sale 2,000 shares at $40.00 during a trade that took place back on Aug 26 ’24, which means that Leatherberry William J is holding 156,689 shares at $80,000 based on the most recent closing price.
Stock Fundamentals for NMIH
Current profitability levels for the company are sitting at:
- 0.77 for the present operating margin
- 1.0 for the gross margin
The net margin for NMI Holdings Inc stands at 0.56. The total capital return value is set at 0.16. Equity return is now at value 18.37, with 12.14 for asset returns.
Based on NMI Holdings Inc (NMIH), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.92. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 12.27.
Currently, EBITDA for the company is 11.54 million with net debt to EBITDA at 4.01. When we switch over and look at the enterprise to sales, we see a ratio of 5.94. The receivables turnover for the company is 5.95for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.05.
Conclusion
In summary, NMI Holdings Inc (NMIH) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
