The stock of OneMain Holdings Inc (OMF) has seen a 0.66% increase in the past week, with a 3.94% gain in the past month, and a -7.80% decrease in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 2.60% for OMF. The simple moving average for the past 20 days is -2.52% for OMF’s stock, with a -5.45% simple moving average for the past 200 days.
Is It Worth Investing in OneMain Holdings Inc (NYSE: OMF) Right Now?
The price-to-earnings ratio for OneMain Holdings Inc (NYSE: OMF) is above average at 9.39x. The 36-month beta value for OMF is also noteworthy at 1.55. 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 119.02M, and at present, short sellers hold a 4.45% of that float. The average trading volume of OMF on October 11, 2024 was 1.04M shares.
OMF) stock’s latest price update
OneMain Holdings Inc (NYSE: OMF)’s stock price has dropped by -0.70 in relation to previous closing price of 45.95. Nevertheless, the company has seen a gain of 0.66% in its stock price over the last five trading days. prnewswire.com reported 2024-10-08 that NEW YORK, Oct. 8, 2024 /PRNewswire/ — OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, plans to report its third quarter 2024 results before the market opens on Wednesday, October 30, 2024. The earnings release will be available on OneMain’s investor relations website at https://investor.onemainfinancial.com/.
Analysts’ Opinion of OMF
Many brokerage firms have already submitted their reports for OMF stocks, with Barclays repeating the rating for OMF by listing it as a “Equal Weight.” The predicted price for OMF in the upcoming period, according to Barclays is $46 based on the research report published on October 08, 2024 of the current year 2024.
Piper Sandler gave a rating of “Neutral” to OMF, setting the target price at $49 in the report published on February 08th of the current year.
OMF Trading at -2.16% 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 -16.95% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +2.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.69% lower at present.
During the last 5 trading sessions, OMF rose by +0.66%, which changed the moving average for the period of 200-days by -6.92% in comparison to the 20-day moving average, which settled at $46.81. In addition, OneMain Holdings Inc saw -7.26% 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 $50.00 back on Sep 19 ’24. After this action, Hedlund Michael A now owns 20,947 shares of OneMain Holdings Inc, valued at $120,000 using the latest closing price.
Conrad Micah R., the EVP & COO of OneMain Holdings Inc, sale 886 shares at $50.00 during a trade that took place back on Sep 19 ’24, which means that Conrad Micah R. is holding 104,739 shares at $44,300 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 5.02. The receivables turnover for the company is 0.26for trailing twelve months and the total asset turnover is 0.2.
Conclusion
In summary, OneMain Holdings Inc (OMF) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
