With 0.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.5 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $38.53 whereas the lowest price it dropped to was $37.87. The 52-week range on NMIH shows that it touched its highest point at $42.49 and its lowest point at $27.00 during that stretch. It currently has a 1-year price target of $43.88. Beta for the stock currently stands at 1.11.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NMIH was up-trending over the past week, with a rise of 2.41%, but this was down by -3.09% over a month. Three-month performance dropped to -3.84% while six-month performance rose 17.50%. The stock gained 40.39% in the past year, while it has gained 28.94% so far this year. A look at the trailing 12-month EPS for NMIH yields 4.37 with Next year EPS estimates of 4.77. For the next quarter, that number is 1.13. This implies an EPS growth rate of 18.04% for this year and 5.29% for next year. EPS is expected to grow by 9.05% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.21%.
Float and Shares Shorts:
At present, 80.88 million NMIH shares are outstanding with a float of 77.80 million shares on hand for trading. On 2024-10-31, short shares totaled 1.56 million, which was 197.0 higher than short shares on 1727654400. In addition to Mr. Bradley Mize Shuster C.F.A. as the firm’s Executive Chairman, Mr. Adam S. Pollitzer serves as its President, CEO & Director.
Institutional Ownership:
Through their ownership of 1.00328 of NMIH’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NMIH since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NMIH analysts setting a high price target of 48.0 and a low target of 36.0, the average target price over the next 12 months is 43.875. Based on these targets, NMIH could surge 25.42% to reach the target high and fall by -5.93% to reach the target low. Reaching the average price target will result in a growth of 14.65% from current levels.
Analysts have provided yearly estimates in a range of $4.58292 being high and $4.47285 being low. For NMIH, this leads to a yearly average estimate of $4.53289.
