NMIH (NASDAQ:NMIH) Target Raised by B. Riley – 2 stars to $32.00

NMIH stock has undergone multiple analysts rating changes in the recent past.  NMI stock Target Raised by B. Riley – 2 stars on 10/13/2021. In a note to investors, the firm issued a new target price of $32.00. The analysts previously had $30.00 target price. B. Riley – 2 stars’s price target would indicate a potential upside of 31.74% from the stock’s previous close.

Shares of NMI traded up $0.04 on Wednesday, reaching $24.34. 310987 shares of the stock traded hands, compared to its average volume of 428668. On Wednesday, Shares of NMI closed at $24.34. The firm’s 50 day moving average is $22.48 and its 200 day moving average is $23.05.NMI  has a 12 month low of $19.83 and a 12 month high of $26.82. While on yearly highs and lows, NMI today has traded high as $24.69 and has touched $24.11 on the downward trend.

NMI Earnings and What to expect: 

NMI last announced its earnings results on August 3rd, 2021. The financial services provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The business had revenue of $120.77 million for the quarter, compared to the consensus estimate 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 10.7. 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 10.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.74. The P/E ratio of NMI is 10.72, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.60. NMI has a P/B Ratio of 1.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

NMI (NASDAQ:NMIH) Moving Average Technical Analysis

5 day Moving Average is $$23.80 And 5 day price change is $1.80 (7.99%)  with average volume for 5 day average is 284,480. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $22.70 and 20 day price change is $2.27 (10.29%) and average 20 day moving volume is 389,495. 50 day moving average is $22.48  and 50 day price change is $2.44 ( 11.14%)  and with average volume for 50 days is : 379,524. 200 day moving average is $23.05  and 200 day price change is $1.58 (6.94%)  and with average volume for 200 days is : 602,166.

Other owners latest trading in NMIH :

  • On 10/12/2021 shares held by Louisiana State Employees Retirement System were 41,300 which equates to market value of $0.93M and appx 0.00% owners of NMIH
  • 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 NMIH
  • 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 NMIH
  • In total Institutional ownership equates to Institutional Ownership Percentage: 93.24% for NMIH

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