On Friday, NMI Holdings Inc (NASDAQ: NMIH) opened lower -4.89% from the last session, before settling in for the closing price of $38.68. Price fluctuations for NMIH have ranged from $26.92 to $42.49 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%. Company’s average yearly earnings per share was noted 17.86% at the time writing. With a float of $78.31 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. In terms of profitability, gross margin is 99.96%, operating margin of 77.11%, and the pretax margin is 72.13%.
NMI Holdings Inc (NMIH) Insider Updates
A key investor’s attitude towards the stock of the Insurance – Specialty industry is another important factor to consider. The insider ownership of NMI Holdings Inc is 1.71%, while institutional ownership is 99.08%. The most recent insider transaction that took place on Sep 18 ’24, was worth 12,222. In this transaction VP, Controller of this company sold 291 shares at a rate of $42.00, taking the stock ownership to the 9,536 shares. Before that another transaction happened on Aug 27 ’24, when Company’s Chief Admin. Officer & GC sold 3,000 for $40.07, making the entire transaction worth $120,210. This insider now owns 153,689 shares in total.
NMI Holdings Inc (NMIH) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.92) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.86% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.78% 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
Check out the current performance indicators for NMI Holdings Inc (NMIH). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.51. Likewise, its price to free cash flow for the trailing twelve months is 7.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.23, a number that is poised to hit 1.13 in the next quarter and is forecasted to reach 4.79 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 0.46 million was inferior to 0.53 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 15.86%. Additionally, its Average True Range was 0.87.
During the past 100 days, NMI Holdings Inc’s (NMIH) raw stochastic average was set at 47.32%, which indicates a significant increase from 5.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.61% in the past 14 days, which was higher than the 22.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.45, while its 200-day Moving Average is $34.73. Now, the first resistance to watch is $38.08. This is followed by the second major resistance level at $39.37. The third major resistance level sits at $40.16. If the price goes on to break the first support level at $36.00, it is likely to go to the next support level at $35.21. Assuming the price breaks the second support level, the third support level stands at $33.92.
NMI Holdings Inc (NASDAQ: NMIH) Key Stats
There are currently 79,673K shares outstanding in the company with a market cap of 2.79 billion. Presently, the company’s annual sales total 579,000 K according to its annual income of 322,110 K. Last quarter, the company’s sales amounted to 162,120 K and its income totaled 92,080 K.
