In the past week, OMF stock has gone up by 9.93%, with a monthly gain of 1.88% and a quarterly plunge of -0.08%. The volatility ratio for the week is 2.54%, and the volatility levels for the last 30 days are 2.85% for OneMain Holdings Inc The simple moving average for the past 20 days is 2.53% for OMF’s stock, with a 0.12% simple moving average for the past 200 days.
Is It Worth Investing in OneMain Holdings Inc (NYSE: OMF) Right Now?
OneMain Holdings Inc (NYSE: OMF) has a price-to-earnings ratio of 9.93x that is above its average ratio. Additionally, the 36-month beta value for OMF is 1.56. 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 119.00M and currently, short sellers hold a 3.52% ratio of that float. The average trading volume of OMF on September 19, 2024 was 962.95K shares.
OMF) stock’s latest price update
The stock price of OneMain Holdings Inc (NYSE: OMF) has plunged by -0.56 when compared to previous closing price of 48.53, but the company has seen a 9.93% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-03 that NEW YORK, Sept. 3, 2024 /PRNewswire/ — OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, announced today that Doug Shulman, Chairman and CEO, will present at the Barclays 22nd Annual Global Financial Services Conference at 9:45 a.m.
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 0.22% 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 -12.16% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares surge +2.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.68% upper at present.
During the last 5 trading sessions, OMF rose by +9.93%, which changed the moving average for the period of 200-days by +14.09% in comparison to the 20-day moving average, which settled at $47.13. In addition, OneMain Holdings Inc saw -1.91% 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 2,400 shares at the price of $48.00 back on Sep 17 ’24. After this action, Hedlund Michael A now owns 23,347 shares of OneMain Holdings Inc, valued at $115,200 using the latest closing price.
Hedlund Michael A, the pao, SVP and Group Controller of OneMain Holdings Inc, sale 2,400 shares at $46.00 during a trade that took place back on Sep 16 ’24, which means that Hedlund Michael A is holding 25,747 shares at $110,400 based on the most recent closing price.
Stock Fundamentals for OMF
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.6 for the gross margin
The net margin for OneMain Holdings Inc stands at 0.12. The total capital return value is set at 0.08. Equity return is now at value 18.84, with 2.41 for asset returns.
Based on OneMain Holdings Inc (OMF), the company’s capital structure generated 0.87 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 6.56. The interest coverage ratio of the stock is 1.73.
Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 11.29. When we switch over and look at the enterprise to sales, we see a ratio of 5.08. The receivables turnover for the company is 0.26for trailing twelve months and the total asset turnover is 0.2.
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.
