With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.67 million shares. The 52-week range on NMIH shows that it touched its highest point at $42.49 and its lowest point at $31.59 during that stretch. It currently has a 1-year price target of $43.29. Beta for the stock currently stands at 0.53.
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 0.32%, but this was up by 12.78% over a month. Three-month performance surged to 8.29% while six-month performance rose 0.43%. The stock gained 13.19% in the past year, while it has gained 2.75% so far this year. A look at the trailing 12-month EPS for NMIH yields 4.63 with Next year EPS estimates of 5.10. For the next quarter, that number is 1.22. This implies an EPS growth rate of 9.17% for this year and 3.79% for next year. EPS is expected to grow by 6.15% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.43%.
Float and Shares Shorts:
At present, 78.30 million NMIH shares are outstanding with a float of 76.50 million shares on hand for trading.
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.
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 $4.59517 being high and $4.53497 being low. For NMIH, this leads to a yearly average estimate of $4.55504. Based on analyst estimates, the high estimate for the next quarter is $1.24 and the low estimate is $1.15. The average estimate for the next quarter is thus $1.2.
