NMI (NMIH) Upgraded by Credit Suisse Group AG to Outperform

NMI stock has undergone multiple analysts rating changes in the recent past.  NMI Upgraded by Credit Suisse Group AG on 10-11-21. In a note to investors, the firm issued a new rating of Outperform. The analysts previously had rating of Neutral.

Shares of NMI traded up $0.65 on Monday, reaching $23.97. 349940 shares of the stock traded hands, compared to its average volume of 430454. Shares of NMI were trading at $23.97 on Monday. The firm’s 50 day moving average is $22.38 and its 200 day moving average is $23.03.NMI has a 12 month low of $23.68 and a 12 month high of $26.82. While on yearly highs and lows, NMI’s today has traded high as $24.22 and has touched $23.68 on the downward trend. See More Analyst Rating at: RATING

NMI Earnings and What to expect: 

NMI last released its earnings results on August 3rd, 2021. The financial services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. The firm had revenue of $120.77 million for the quarter, compared to analyst estimates of $119.61 million. NMI has generated $2.19 earnings per share over the last year ($2.27 diluted earnings per share) and currently has a price-to-earnings ratio of 10.6. Earnings for NMI are expected to grow by 21.56% in the coming year, from $2.69 to $3.27 per share. NMI has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 4th, 2021 based off prior year’s report dates.

Earnings for NMI are expected to grow by 21.56% in the coming year, from $2.69 to $3.27 per share. The P/E ratio of NMI is 10.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.67. The P/E ratio of NMI is 10.56, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.49. NMI has a P/B Ratio of 1.48. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

NMI (NMIH) Moving Average Technical Analysis

5 day Moving Average is $23.15 And 5 day price change is $1.14 (4.99%)  with average volume for 5 day average is 255,640. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $22.46 and 20 day price change is $1.69 (7.59%) and average 20 day moving volume is 420,645. 50 day moving average is $22.38  and 50 day price change is $1.95 ( 8.86%)  and with average volume for 50 days is : 380,468. 200 day moving average is $23.03  and 200 day price change is $1.07 (4.67%)  and with average volume for 200 days is : 602,266.

Other owners latest trading in NMI :

  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 62,515 which equates to market value of $1.41M and appx 0.00% owners of NMI
  • On 10/6/2021 shares held by Hodges Capital Management Inc. were 254,273 which equates to market value of $5.75M and appx 0.40% owners of NMI
  • On 9/24/2021 shares held by Thrivent Financial for Lutherans were 183,775 which equates to market value of $4.13M and appx 0.00% owners of NMI
  • In total Institutional ownership equates to Institutional Ownership Percentage: 93.24% for NMI

See More Analyst Rating at: RATING