How to buy NMI stock | $24.37

NMI Holdings, Inc is an insurance-property & casualty business based in the US. NMI shares (NMIH) are listed on the NASDAQ and all prices are listed in US Dollars. NMI employs 261 staff and has a trailing 12-month revenue of around USD$428.3 million.

How to buy shares in NMI

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for NMI. Find the stock by name or ticker symbol: NMIH. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until NMI reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of USD$24.37, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of NMI, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of NMI. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

NMI share price

Use our graph to track the performance of NMIH stocks over time.

NMI shares at a glance

• Key figures

Information last updated 2020-12-10.

Latest market close	USD$24.37
52-week range	USD$8.06 - USD$35.79
50-day moving average	USD$22.8609
200-day moving average	USD$18.6152
Wall St. target price	USD$26.54
PE ratio	10.8119
Dividend yield	N/A (0%)
Earnings per share (TTM)	USD$2.254

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Is it a good time to buy NMI stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of NMI Holdings, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

NMI price performance over time

Historical closes compared with the close of $24.37 from 2020-12-09

1 week (2021-01-07)	0.33%
1 month (2020-12-17)	2.83%
3 months (2020-10-15)	5.45%
6 months (2020-07-15)	60.43%

1 year (2020-01-15)	-25.66%
2 years (2019-01-15)	25.23%
3 years (2018-01-13)	N/A
5 years (2016-01-15)	351.30%

Is NMI under- or over-valued?

Valuing NMI stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of NMI's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

NMI's P/E ratio

NMI's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, NMI shares trade at around 11x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

NMI's PEG ratio

NMI's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.66. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into NMI's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

NMI's EBITDA

NMI's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$247.1 million.

The EBITDA is a measure of a NMI's overall financial performance and is widely used to measure a its profitability.

NMI financials

Revenue TTM	USD$428.3 million
Operating margin TTM	55.36%
Gross profit TTM	USD$241.8 million
Return on assets TTM	8.76%
Return on equity TTM	15.91%
Profit margin	40.51%
Book value	$15.418
Market capitalisation	USD$2.1 billion

TTM: trailing 12 months

Shorting NMI shares

There are currently 2.9 million NMI shares held short by investors – that's known as NMI's "short interest". This figure is 14.4% down from 3.4 million last month.

There are a few different ways that this level of interest in shorting NMI shares can be evaluated.

NMI's "short interest ratio" (SIR)

NMI's "short interest ratio" (SIR) is the quantity of NMI shares currently shorted divided by the average quantity of NMI shares traded daily (recently around 676669.1954023). NMI's SIR currently stands at 4.35. In other words for every 100,000 NMI shares traded daily on the market, roughly 4350 shares are currently held short.

However NMI's short interest can also be evaluated against the total number of NMI shares, or, against the total number of tradable NMI shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case NMI's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 NMI shares in existence, roughly 30 shares are currently held short) or 0.04% of the tradable shares (for every 100,000 tradable NMI shares, roughly 40 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against NMI.

Find out more about how you can short NMI stock.

NMI share dividends

We're not expecting NMI to pay a dividend over the next 12 months.

NMI share price volatility

Over the last 12 months, NMI's shares have ranged in value from as little as $8.06 up to $35.79. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while NMI's is 1.7428. This would suggest that NMI's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

NMI overview

NMI Holdings, Inc., through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders. The company was founded in 2011 and is headquartered in Emeryville, California.

Frequently asked questions

• What percentage of NMI is owned by insiders or institutions?

  Currently 1.382% of NMI shares are held by insiders and 97.442% by institutions.

• How many people work for NMI?

  Latest data suggests 261 work at NMI.

• When does the fiscal year end for NMI?

  NMI's fiscal year ends in December.

• Where is NMI based?

  NMI's address is: 2100 Powell Street, Emeryville, CA, United States, 94608

• What is NMI's ISIN number?

  NMI's international securities identification number is: US6292093050

• What is NMI's CUSIP number?

  NMI's Committee on Uniform Securities Identification Procedures number is: 629209305