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How to buy NMI stock in Canada
Own NMI shares in just a few minutes.
NMI Holdings, Inc (NMIH) is a leading insurance-property & casualty business based in the US. It opened the day at $24.69 after a previous close of $24.41. During the day the price has varied from a low of $24.1 to a high of $24.72. The latest price was $24.13 (25 minute delay). NMI is listed on the NASDAQ and employs 262 staff. All prices are listed in US Dollars.
How to buy shares in NMI
- Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: NMIH in this case.
- Research NMI shares. The platform should provide the latest information available.
- Buy your NMI shares. It's that simple.
NMI share priceUse our graph to track the performance of NMIH stocks over time.
NMI shares at a glance
|52-week range||$11.15 - $26.13|
|50-day moving average||$23.4835|
|200-day moving average||$23.0928|
|Wall St. target price||$29.4|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$2.128|
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Note: The dollar amounts in the table below are in Canadian dollars.
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.
NMI price performance over time
|1 week (2021-04-29)||-7.55%|
|1 month (2021-04-06)||6.21%|
|3 months (2021-02-05)||9.53%|
|6 months (2020-11-06)||9.63%|
|1 year (2020-05-06)||81.70%|
|2 years (2019-05-06)||-14.25%|
|3 years (2018-05-04)||46.24%|
|5 years (2016-05-06)||278.81%|
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 (earnings before interest, taxes, depreciation and amortisation) is USD$249.5 million.
The EBITDA is a measure of a NMI's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$433.3 million|
|Operating margin TTM||55.29%|
|Gross profit TTM||USD$244.7 million|
|Return on assets TTM||8.48%|
|Return on equity TTM||14.92%|
|Market capitalisation||USD$2 billion|
TTM: trailing 12 months
How to short and sell NMI shares
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "NMIH.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 1.7 million NMI shares held short by investors – that's known as NMI's "short interest". This figure is 26.4% down from 2.3 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 926768.68131868). NMI's SIR currently stands at 1.82. In other words for every 100,000 NMI shares traded daily on the market, roughly 1820 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 0.02% of the outstanding shares (for every 100,000 NMI shares in existence, roughly 20 shares are currently held short) or 0.0235% of the tradable shares (for every 100,000 tradable NMI shares, roughly 24 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. However, you can browse other dividend-paying shares in our guide.
NMI share price volatility
Over the last 12 months, NMI's shares have ranged in value from as little as $11.15 up to $26.13. 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 1.6944. 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 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 incorporated in 2011 and is headquartered in Emeryville, California.
Frequently asked questions
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