NMI Holdings Inc. (NASDAQ:NMIH) has a beta of 2.04, a 12-month trailing P/E ratio of 8.58, and a growth ratio of 0.87. The stock’s Relative Strength Index (RSI) is 70.16, with weekly volatility at 4.25% and ATR at 0.98. The NMIH stock’s 52-week price range has touched low of $8.06 and a $35.79 high. Its shares traded lower over the last trading session, losing -2.77% on 10/13/20. The shares fell to a low of $22.00 before closing at $22.43. Intraday shares traded counted 0.96 million, which was -7.58% lower than its 30-day average trading volume of 888.03K. NMIH’s previous close was $23.07 while the outstanding shares total 84.81M.
Investors have identified the Insurance – Property & Casualty company NMI Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.92 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
NMI Holdings Inc. (NMIH) Fundamentals that are to be considered.
NMIH were able to record 122.72 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 474.36 million. In cash movements, the company had a total of 127.36 million as operating cash flow.
Having a look at the company’s valuation, the company is expected to record 2.62 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NMIH sounds very interesting.
Is the stock of NMIH attractive?
In related news, Director, Montgomery Michael Curry sold 1,526 shares of the company’s stock in a transaction that recorded on May 12. The sale was performed at an average price of 14.15, for a total value of 21,593. As the sale deal closes, the Director, SCHEID STEVEN now sold 27,325 shares of the company’s stock, valued at 828,756. Also, Executive Chairman, SHUSTER BRADLEY M sold 25,625 shares of the company’s stock in a deal that was recorded on Jan 03. The shares were price at an average price of 32.24 per share, with a total market value of 826,053. Following this completion of acquisition, the Executive Chairman, SHUSTER BRADLEY M now holds 25,116 shares of the company’s stock, valued at 807,869. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
11 out of 13 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on NMI Holdings Inc.. 0 analysts has assigned a Sell rating on the NMIH stock. The 12-month mean consensus price target for the company’s shares has been set at $22.50.