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After finishing at $39.28 in the prior trading day, NMI Holdings Inc (NASDAQ: NMIH) closed at $37.25, down -5.17%. In other words, the price has decreased by -$5.17 from its previous closing price. On the day, 0.93 million shares were traded. NMIH stock price reached its highest trading level at $37.69 during the session, while it also had its lowest trading level at $36.12.
Ratios:
Our goal is to gain a better understanding of NMIH by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.19.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, RBC Capital Mkts on September 18, 2024, Upgraded its rating to Outperform and sets its target price to $48 from $40 previously.
On May 22, 2024, UBS Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $37 to $39.
On December 06, 2023, UBS started tracking the stock assigning a Buy rating and target price of $36.UBS initiated its Buy rating on December 06, 2023, with a $36 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 18 ’24 when Realmuto Nicholas Daniel sold 291 shares for $42.00 per share. The transaction valued at 12,222 led to the insider holds 9,536 shares of the business.
Leatherberry William J sold 3,000 shares of NMIH for $120,210 on Aug 27 ’24. The Chief Admin. Officer & GC now owns 153,689 shares after completing the transaction at $40.07 per share. On Aug 26 ’24, another insider, Leatherberry William J, who serves as the Chief Admin. Officer & GC of the company, sold 2,000 shares for $40.00 each. As a result, the insider received 80,000 and left with 156,689 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NMIH now has a Market Capitalization of 3129540096 and an Enterprise Value of 3236077056. As of this moment, NMI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.51, and their Forward P/E ratio for the next fiscal year is 7.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.67 while its Price-to-Book (P/B) ratio in mrq is 1.49. Its current Enterprise Value per Revenue stands at 5.089 whereas that against EBITDA is 6.375.
Stock Price History:
Over the past 52 weeks, NMIH has reached a high of $42.49, while it has fallen to a 52-week low of $27.00. The 50-Day Moving Average of the stock is -7.49%, while the 200-Day Moving Average is calculated to be 6.79%.
Shares Statistics:
The stock has traded on average 511.20K shares per day over the past 3-months and 487480 shares per day over the last 10 days, according to various share statistics. A total of 80.88M shares are outstanding, with a floating share count of 78.31M. Insiders hold about 1.71% of the company’s shares, while institutions hold 99.14% stake in the company. Shares short for NMIH as of 1728950400 were 1584008 with a Short Ratio of 3.10, compared to 1726185600 on 1463320. Therefore, it implies a Short% of Shares Outstanding of 1584008 and a Short% of Float of 2.4500001.
