A new trading day began on Tuesday, with NMI Holdings Inc (NASDAQ: NMIH) stock price down -0.48% from the previous day of trading, before settling in for the closing price of $39.39. NMIH’s price has ranged from $25.62 to $39.81 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 16.52%. Meanwhile, its annual earnings per share averaged 12.83%. With a float of $78.91 million, this company’s outstanding shares have now reached $80.88 million.
The extent of productivity of a business whose workforce counts for 238 workers is very important to gauge.
NMI Holdings Inc (NMIH) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Insurance – Specialty Industry. The insider ownership of NMI Holdings Inc is 1.70%, while institutional ownership is 98.31%. The most recent insider transaction that took place on Mar 21 ’24, was worth 93,556. In this transaction EVP, Chief Risk Officer of this company sold 3,000 shares at a rate of $31.19, taking the stock ownership to the 82,612 shares. Before that another transaction happened on Mar 19 ’24, when Company’s VP, Controller sold 1,803 for $30.08, making the entire transaction worth $54,238. This insider now owns 10,128 shares in total.
NMI Holdings Inc (NMIH) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.83% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.40% during the next five years compared to 19.21% growth over the previous five years of trading.
NMI Holdings Inc (NASDAQ: NMIH) Trading Performance Indicators
Here are NMI Holdings Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.26. Likewise, its price to free cash flow for the trailing twelve months is 8.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.05, a number that is poised to hit 1.08 in the next quarter and is forecasted to reach 4.64 in one year’s time.
Technical Analysis of NMI Holdings Inc (NMIH)
The latest stats from [NMI Holdings Inc, NMIH] show that its last 5-days average volume of 0.61 million was superior to 0.54 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 85.21%. Additionally, its Average True Range was 0.73.
During the past 100 days, NMI Holdings Inc’s (NMIH) raw stochastic average was set at 93.29%, which indicates a significant increase from 85.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.12% in the past 14 days, which was lower than the 21.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.47, while its 200-day Moving Average is $30.90. Now, the first resistance to watch is $39.70. This is followed by the second major resistance level at $40.19. The third major resistance level sits at $40.46. If the price goes on to break the first support level at $38.94, it is likely to go to the next support level at $38.67. The third support level lies at $38.18 if the price breaches the second support level.
NMI Holdings Inc (NASDAQ: NMIH) Key Stats
With a market capitalization of 3.15 billion, the company has a total of 80,275K Shares Outstanding. Currently, annual sales are 579,000 K while annual income is 322,110 K. The company’s previous quarter sales were 156,250 K while its latest quarter income was 89,050 K.
