As of Friday close, OneMain Holdings Inc.’s (NYSE:OMF) stock was down -$0.06, moving down -0.15 percent to $39.66. The average number of shares traded per day over the past five days has been 913,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.86 fall in that time frame. In the last twenty days, the average volume was 850,865, while in the previous 50 days, it was 753,682.
Since last month, OMF stock retreated -16.61%. Shares of the company fell to $39.30 on 08/18/23, the lowest level in the past month. A 52-week high of $48.64 was reached on 07/24/23 after having rallying from a 52-week low of $28.77. Since the beginning of this year, OMF’s stock price has risen by 19.06% or $6.35, and marked a new high 23 times. However, the stock has declined by -18.46% since its 52-week high.
Valuation Metrics
Right now, OneMain Holdings Inc. (OMF) has a P/E ratio of about 7.44. The stock’s beta is 1.73. Besides these, the trailing price-to-sales (P/S) ratio of 0.94, the price-to-book (PB) ratio of 1.56, and the price-to-cash flow ratio of 1.96 may also be considered.
The latest dividend of $1.00 per share was paid out, remained unchanged from last year’s $1.00. On Tuesday February 7 2023, a $0.05 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 6.28, and the total debt-to-equity ratio was 6.28. On the profitability front, the trailing twelve-month gross margin is 81.80% percent. In the year ended June 29, operating margins totaled 16.70%. Based on annual data, OMF earned $3.54 billion in gross profit and brought in $4.43 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.10%. Return on equity (ROE) for the past 12 months was 21.30%.
In OneMain Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $19.2 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected OneMain Holdings Inc. to report $1.27 quarterly earnings, the actual figure was $1.01 per share, beating the consensus estimate by -20.50%. The value of shareholders’ equity is $120.42 million.
Technical Picture
This quick technical analysis looks at OneMain Holdings Inc.’s (OMF) price momentum. With a historical volatility rate of 18.06%, the RSI 9-day stood at 13.77% on 18 August.
With respect to its five-day moving average, the current OneMain Holdings Inc. price is down by -8.87% percent or -$3.86. At present, OMF shares trade -16.49% below its 20-day simple moving average and +12.32% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.49% below its SMA50 and +2.85% above its SMA200.
Stochastic coefficient K was 2.45% and Stochastic coefficient D was 1.84%, while ATR was 1.06. Given the Stochastic reading of 5.57% for the 14-day period, the RSI (14) reading has been calculated as 24.20%. As of today, the MACD Oscillator reading stands at -2.38, while the 14-day reading stands at -3.47.
Analyst Ratings
BofA Securities launched its rating on OneMain Holdings Inc. (NYSE: OMF) to a Buy in a note to investors on June 15, 2023. OneMain Holdings Inc. (OMF) has been rated Buy by analysts. According to 0 brokerage firms, OMF is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate OneMain Holdings Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $51.50, the current consensus forecast for the stock is $46.00 – $60.00. Based on these forecasts, analysts predict OneMain Holdings Inc. (OMF) will achieve an average price target of $52.42.
