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How to buy NMI stock in Canada | $24.27
Own NMI shares in just a few minutes.
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 251 staff and has a trailing 12-month revenue of around USD$453.6 million.
How to buy shares in NMI
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – NMIH – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
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.
What's in this guide?
- Can I buy shares in NMI?
- Has coronavirus impacted NMI shares?
- NMI shares summary
- Compare share dealing platforms
- Is NMI stock a buy or sell?
- NMI performance over time
- Can I short NMI shares?
- Are NMI shares over-valued?
- NMI's financials
- How volatile are NMI shares?
- Does NMI pay a dividend?
- Other common questions
How has Coronavirus impacted NMI's stock price?
Since the stock market crash in March caused by coronavirus, NMI's stock price has had significant negative movement.
Its last market close was $24.27, which is 14.77% down on its pre-crash value of $28.475 and 201.12% up on the lowest point reached during the March crash when the stocks fell as low as $8.06.
If you had bought $1,000 worth of NMI stocks at the start of February 2020, those stocks would have been worth $292.19 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $740.24.
NMI stock priceUse our graph to track the performance of NMIH stocks over time.
NMI shares at a glance
|Latest market close||$24.27|
|52-week range||$20.40 - $26.82|
|50-day moving average||$22.66|
|200-day moving average||$22.99|
|Wall St. target price||$31.80|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$2.29|
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Note: The dollar amounts in the table below are in Canadian dollars.
NMI price performance over time
|1 week (2021-10-13)||-0.29%|
|1 month (2021-09-20)||12.10%|
|3 months (2021-07-20)||17.59%|
|6 months (2021-04-20)||5.89%|
|1 year (2020-10-20)||2.32%|
|2 years (2019-10-18)||-12.76%|
|3 years (2018-10-19)||24.46%|
|5 years (2016-10-20)||197.06%|
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 $295.3 million.
The EBITDA is a measure of a NMI's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$453.6 million|
|Operating margin TTM||62.82%|
|Gross profit TTM||$244.7 million|
|Return on assets TTM||8.18%|
|Return on equity TTM||14.49%|
|Market capitalisation||$2.1 billion|
TTM: trailing 12 months
Shorting NMI shares
There are currently 2.0 million NMI shares held short by investors – that's known as NMI's "short interest". This figure is 13.3% 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 460831.22065728). NMI's SIR currently stands at 4.26. In other words for every 100,000 NMI shares traded daily on the market, roughly 4260 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 0.0232% of the tradable shares (for every 100,000 tradable NMI shares, roughly 23 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.
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 $20.4 up to $26.82. 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 1.6524. 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. .
Stocks similar to NMI
Frequently asked questions
NMI in the news
NMI Holdings, Inc. to Host Investor Day on December 2, 2021
NMI : Holdings, Inc. to Host Investor Day on December 2, 2021
NMI Holdings, Inc. to Host Investor Day on December 2, 2021
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