NMIH Price Prediction Next Week
Analysis and Insights
News Sentiment and Analyst Upgrades:
Keefe Bruyette Upgrade: NMI Holdings (NMIH) was upgraded to Outperform from Market Perform by Keefe Bruyette, with a price target of $43. This upgrade highlights improving sentiment and suggests that the stock may be undervalued at current levels.
Insider Activity: Recent insider selling activity, including the sale of 20,000 shares by EVP Norman Peter Fitzgerald, indicates potential short-term caution from company insiders.
Technical Indicators:
RSI (14-period): The Relative Strength Index (RSI) for NMIH is currently at 35.85, indicating that the stock is in oversold territory and may be due for a rebound.
MACD: The MACD line is slightly below the signal line, suggesting mild bearish momentum, but the gap is narrowing, which could indicate a potential trend reversal.
Fibonacci Levels: The stock is trading near the lower end of its Fibonacci range, with a pivot point at $35.79, resistance at $36.76, and support at $34.81.
Price Prediction and Recommendation:
Based on the combination of positive analyst sentiment and oversold technical indicators, NMIH is likely to experience a short-term rebound. The stock is expected to rise to $36.50 by the end of the next trading week.
Recommendation: Buy NMIH with a target price of $36.50.
NMIH Similar Chart Price Prediction
The price of NMIH is predicted to go up -11.56%, based on the high correlation periods with ILMN. The similarity of these two price pattern on the periods is 98.04%.
NMIH
ILMN
Down: -11.56%Similarity: 98.04%
NMIH Revenue Forecast
NMIH EPS Forecast
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NMIH Analyst's Forecast
Bose George
Keefe, Bruyette & Woods
Hold → Buy
2025-02-24
Price Target
$43
Upside
+20.48%
Keefe Bruyette upgraded NMI Holdings to Outperform from Market Perform with an unchanged price target of $43. The shares now trading at "just" a 0.15 times tangible book value premium to the group average versus the longer term average premium of 0.30 times, the analyst tells investors in a research note. The firm believes NMI deserves more of a premium multiple and says the Department of Government Efficiency-driven job cuts at the Federal Housing Administration and Ginnie Mae ahead of the spring selling season could temporarily shift some market share to the mortgage insurers.
Terry Ma
Barclays
Buy → Hold
2025-01-06
Price Target
$48 → $41
Upside
+15.1%
Richard Shane
JP Morgan
Buy
2024-12-09
Price Target
$46 → $41
Upside
+9.07%
