OneMain Holdings falls as it crosses below key SMA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12 Jan 26
Source: NASDAQ.COM
OneMain Holdings Inc. experienced a decline of 5.05% as it crossed below its 5-day SMA, indicating a bearish trend in the stock's performance.
The lack of relevant news surrounding OneMain Holdings suggests that the stock's movement is primarily influenced by sector rotation, as the broader market, including the Nasdaq-100 and S&P 500, showed positive gains. This indicates that the decline in OneMain's stock price is not reflective of overall market conditions but rather a shift in investor sentiment within its sector.
Investors may want to monitor the stock closely for any potential recovery or further declines, especially in light of the broader market's upward trajectory.
Analyst Views on OMF
Wall Street analysts forecast OMF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OMF is 72.20 USD with a low forecast of 64.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
6 Buy
4 Hold
1 Sell
Moderate Buy
Current: 65.050
Low
64.00
Averages
72.20
High
80.00
Current: 65.050
Low
64.00
Averages
72.20
High
80.00
About OMF
OneMain Holdings, Inc. is a financial services holding company. The Company provides personal loan products; offers auto financing; offers credit cards; offers optional products; offers a customer-focused financial wellness program; services loans, and acquisitions and dispositions of assets and businesses. It provides origination, underwriting, and servicing of personal loans, primarily to nonprime customers. In addition, the Company offers two credit cards, BrightWay and BrightWay+, through a third-party bank partner. The Company offers optional credit insurance products, such as credit life insurance, which provides for payment to the lender of the finance receivable in the event of the borrower’s death; credit disability insurance, which provides scheduled monthly loan payments to the lender during a borrower’s disability due to illness or injury, and credit involuntary unemployment insurance, which provides scheduled monthly loan payments during involuntary unemployment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
