NMI Holdings Inc (NASDAQ: NMIH) is 13.21% higher on its value in year-to-date trading and has touched a low of $23.63 and a high of $33.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NMIH stock was last observed hovering at around $33.42 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $33.60, the stock is 8.16% and 9.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 0.54% at the moment leaves the stock 15.27% off its SMA200. NMIH registered 40.70% gain for a year compared to 6-month gain of 18.94%.
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The stock witnessed a 12.60% loss in the last 1 month and extending the period to 3 months gives it a 12.26%, and is 3.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.18% over the week and 2.27% over the month.
NMI Holdings Inc (NMIH) has around 238 employees, a market worth around $2.70B and $598.48M in sales. Current P/E ratio is 8.30 and Fwd P/E is 7.35. Profit margin for the company is 56.26%. Distance from 52-week low is 42.19% and -1.09% from its 52-week high. The company has generated returns on investments over the last 12 months (14.17%).
The EPS is expected to grow by 11.05% this year
The shares outstanding are 80.88M, and float is at 78.96M with Short Float at 1.87%.
NMI Holdings Inc (NMIH) Insider Activity
The most recent transaction is an insider sale by Smith Robert Owen, the company’s EVP, Chief Risk Officer. SEC filings show that Smith Robert Owen sold 3,000 shares of the company’s common stock on Mar 21 ’24 at a price of $31.19 per share for a total of $93556.0. Following the sale, the insider now owns 82612.0 shares.
NMI Holdings Inc disclosed in a document filed with the SEC on Mar 19 ’24 that Realmuto Nicholas Daniel (VP, Controller) sold a total of 1,803 shares of the company’s common stock. The trade occurred on Mar 19 ’24 and was made at $30.08 per share for $54238.0. Following the transaction, the insider now directly holds 10128.0 shares of the NMIH stock.
Still, SEC filings show that on Mar 19 ’24, Yousaf Mohammad Nawaz (EVP, Operations & Info. Tech.) disposed off 1,117 shares at an average price of $29.95 for $33459.0. The insider now directly holds 32,909 shares of NMI Holdings Inc (NMIH).
