OneMain Holdings Inc [NYSE: OMF] stock went on an upward path that rose over 9.35% on Wednesday, amounting to a one-week price increase of more than 12.70%.
Over the last 12 months, OMF stock rose by 46.71%. The one-year OneMain Holdings Inc stock forecast points to a potential upside of 7.83. The average equity rating for OMF stock is currently 1.71, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $6.22 billion, with 119.76 million shares outstanding and 119.02 million shares in the current float. Compared to the average trading volume of 1.08M shares, OMF stock reached a trading volume of 3688537 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on OneMain Holdings Inc [OMF]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OMF shares is $56.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OMF stock is a recommendation set at 1.71. 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.
Barclays have made an estimate for OneMain Holdings Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 08, 2024. While these analysts kept the previous recommendation, BTIG Research raised their target price to Neutral. The new note on the price target was released on June 07, 2024, representing the official price target for OneMain Holdings Inc stock. Previously, the target price had yet another drop from $55 to $49, while Piper Sandler kept a Neutral rating on OMF stock. On January 17, 2024, analysts increased their price target for OMF shares from 46 to 49.
The Average True Range (ATR) for OneMain Holdings Inc is set at 1.54, with the Price to Sales ratio for OMF stock in the period of the last 12 months amounting to 1.13. The Price to Book ratio for the last quarter was 1.97, with the Price to Cash per share for the same quarter was set at 10.83. Price to Free Cash Flow for OMF in the course of the last twelve months was 2.44.
OMF Stock Performance Analysis:
OneMain Holdings Inc [OMF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.70. With this latest performance, OMF shares gained by 13.59% in over the last four-week period, additionally plugging by 2.29% over the last 6 months – not to mention a rise of 46.71% 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 OMF stock in for the last two-week period is set at 68.50, with the RSI for the last a single of trading hit 75.32, and the three-weeks RSI is set at 63.49 for OneMain Holdings Inc [OMF]. The present Moving Average for the last 50 days of trading for this stock 47.04, while it was recorded at 48.09 for the last single week of trading, and 48.14 for the last 200 days.
OMF Stock EPS
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 OMF. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for OneMain Holdings Inc go to 13.16%.
OneMain Holdings Inc [OMF] Institutonal Ownership Details
There are presently around $96.30%, or 96.69%% of OMF stock, in the hands of institutional investors. The top three institutional holders of OMF stocks are: VANGUARD GROUP INC with ownership of 12.13 million shares, which is approximately 10.1248%. BLACKROCK INC., holding 10.05 million shares of the stock with an approximate value of $$487.53 million in OMF stocks shares; and BLACKROCK INC., currently with $$468.5 million in OMF stock with ownership which is approximately 8.063%.
