NMI Holdings Inc. (NASDAQ:NMIH) shares fell to a low of $23.3515 before closing at $23.63. Intraday shares traded counted 0.71 million, which was 11.25% higher than its 30-day average trading volume of 803.66K. NMIH’s previous close was $24.24 while the outstanding shares total 85.32M. The firm has a beta of 1.73, a 12-month trailing P/E ratio of 11.95, and a growth ratio of 0.54. The stock’s Relative Strength Index (RSI) is 47.93, with weekly volatility at 3.18% and ATR at 0.79. The NMIH stock’s 52-week price range has touched low of $13.50 and a $26.82 high. The stock traded lower over the last trading session, losing -2.52% on 05/19/21.
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 $2.00 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 83.01 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by -11.42 million. In cash movements, the company had a total of 85.46 million as operating cash flow.
Having a look at the company’s valuation, the company is expected to record 3.20 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, SVP, Controller, Norberg Julie sold 2,100 shares of the company’s stock in a transaction that recorded on May 14. The sale was performed at an average price of 23.46, for a total value of 49,266. As the sale deal closes, the EVP, General Counsel, Leatherberry William J now sold 5,000 shares of the company’s stock, valued at 126,250. Also, Executive Chairman, SHUSTER BRADLEY M sold 23 shares of the company’s stock in a deal that was recorded on Apr 26. The shares were price at an average price of 24.06 per share, with a total market value of 553. Following this completion of acquisition, the Executive Chairman, SHUSTER BRADLEY M now holds 36,604 shares of the company’s stock, valued at 882,731. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.30%.
10 out of 12 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 $29.40.