NMI Holdings Inc. [NMIH] Is Currently 5.48 below its 200 Period Moving Avg: What Dose This Mean?

NMI Holdings Inc. [NASDAQ: NMIH] price surged by 5.48 percent to reach at $1.02.

A sum of 1047051 shares traded at recent session while its average daily volume was at 907.43K shares. NMI Holdings Inc. shares reached a high of $19.78 and dropped to a low of $17.85 until finishing in the latest session at $19.64.

The one-year NMIH stock forecast points to a potential upside of 11.73. The average equity rating for NMIH stock is currently 1.80, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on NMI Holdings Inc. [NMIH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NMIH shares is $22.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NMIH stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for NMI Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 14, 2020. The new note on the price target was released on July 15, 2020, representing the official price target for NMI Holdings Inc. stock. Previously, the target price had yet another raise to $20, while Keefe Bruyette analysts kept a Mkt Perform rating on NMIH stock.

The Average True Range (ATR) for NMI Holdings Inc. is set at 0.90, with the Price to Sales ratio for NMIH stock in the period of the last 12 months amounting to 3.71. The Price to Book ratio for the last quarter was 1.15, with the Price to Cash per share for the same quarter was set at 6.41. Price to Free Cash Flow for NMIH in the course of the last twelve months was 6.63.

NMIH Stock Performance Analysis:

NMI Holdings Inc. [NMIH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.12. With this latest performance, NMIH shares gained by 9.54% in over the last four-week period, additionally plugging by 101.85% over the last 6 months – not to mention a drop of -25.63% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NMIH stock in for the last two-week period is set at 65.43, with the RSI for the last a single of trading hit 70.28, and the three-weeks RSI is set at 62.46 for NMI Holdings Inc. [NMIH]. The present Moving Average for the last 50 days of trading for this stock 16.96, while it was recorded at 18.28 for the last single week of trading, and 19.62 for the last 200 days.

Insight into NMI Holdings Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and NMI Holdings Inc. [NMIH] shares currently have an operating margin of +62.18. NMI Holdings Inc.’s Net Margin is presently recorded at +46.74.

Return on Total Capital for NMIH is now 23.71, given the latest momentum, and Return on Invested Capital for the company is 17.88. Return on Equity for this stock inclined to 21.07, with Return on Assets sitting at 14.07. When it comes to the capital structure of this company, NMI Holdings Inc. [NMIH] has a Total Debt to Total Equity ratio set at 16.19. Additionally, NMIH Total Debt to Total Capital is recorded at 13.93, with Total Debt to Total Assets ending up at 11.05. Long-Term Debt to Equity for the company is recorded at 15.76, with the Long-Term Debt to Total Capital now at 13.56.

Reflecting on the efficiency of the workforce at the company, NMI Holdings Inc. [NMIH] managed to generate an average of $535,692 per employee.

NMIH Stock EPS

With the latest financial reports released by the company, NMI Holdings Inc. posted 0.71/share EPS, while the average EPS was predicted by analysts to be reported at 0.62/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 14.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NMIH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NMI Holdings Inc. go to 9.89%.

NMI Holdings Inc. [NMIH] Insider Position Details

There are presently around $1,537 million, or 94.80% of NMIH stock, in the hands of institutional investors. The top three institutional holders of NMIH stocks are: BLACKROCK INC. with ownership of 11,588,620, which is approximately 18.751% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 6,225,148 shares of the stock with an approximate value of $122.26 million in NMIH stocks shares; and GOLDMAN SACHS GROUP INC, currently with $95.41 million in NMIH stock with ownership of nearly 85.116% of the company’s market capitalization.

Positions in NMI Holdings Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 143 institutional holders increased their position in NMI Holdings Inc. [NASDAQ:NMIH] by around 22,459,278 shares. Additionally, 97 investors decreased positions by around 7,606,678 shares, while 27 investors held positions by with 48,204,230 shares. The mentioned changes placed institutional holdings at 78,270,186 shares, according to the latest SEC report filing. NMIH stock had 47 new institutional investments in for a total of 4,828,411 shares, while 44 institutional investors sold positions of 3,604,872 shares during the same period.

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