With 51406.0 shares changed hands, the volume of the stock remained heavier than its average volume of 36620.0 shares. During the session, the Mortgage Finance company that operates in wider Financial sector, reached to the highest price of $31.0 whereas the lowest price it dropped to was $29.76. The 52-week range on ONIT shows that it touched its highest point at $36.91 and its lowest point at $22.40 during that stretch. It currently has a 1-year price target of $43.75. Beta for the stock currently stands at 1.86.
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 ONIT was up-trending over the past week, with a rise of 0.07%, but this was down by -6.94% over a month. Three-month performance surged to 0.36% while six-month performance rose 30.38%. The stock gained 4.84% in the past year, while it has gained 0.07% so far this year. A look at the trailing 12-month EPS for ONIT yields 1.54 with Next year EPS estimates of 8.07. For the next quarter, that number is 2.08. This implies an EPS growth rate of 218.55% for this year and -18.40% for next year. EPS is expected to grow by 21.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.99%.
Float and Shares Shorts:
At present, 7.87 million ONIT shares are outstanding with a float of 6.62 million shares on hand for trading. On 2024-12-13, short shares totaled 37649.0, which was 47.999998000000005 higher than short shares on 1731628800. In addition to Mr. Glen A. Messina as the firm’s CEO, President & Chair of the Board, Mr. Sean Bradley O’Neil serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.52085996 of ONIT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ONIT reported revenue of $290200000.0 and operating income of $72100000.0. The EBITDA in the recently reported quarter was $73700000.0 and diluted EPS was $2.65.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With ONIT analysts setting a high price target of 50.0 and a low target of 40.0, the average target price over the next 12 months is 43.75. Based on these targets, ONIT could surge 62.71% to reach the target high and rise by 30.17% to reach the target low. Reaching the average price target will result in a growth of 42.37% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $10.00329 being high and $9.74842 being low. For ONIT, this leads to a yearly average estimate of $9.845.
