Yahoo Finance Why NMI Holdings (NMIH) is a Top Momentum Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
NMI Holdings (NMIH)
Headquartered in Emeryville, CA, NMI Holdings was incorporated in May 2011 and began start-up operations in 2012. NMI Holdings wrote its first MI policy in 2013.
NMIH boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #2 (Buy) rating. Shares of NMI Holdings has seen some interesting price action recently; the stock is up 7.3% over the past one week and up 7.2% over the past four weeks. And in the last one-year period, NMIH has gained 39.3%. As for the stock's trading volume, 528,349.63 shares on average were traded over the last 20 days.
Momentum investors also pay close attention to a company's earnings. For NMIH, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.14 to $4.18 per share for 2024. NMIH boasts an average earnings surprise of 8.6%.
NMIH should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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NMI Holdings Inc (NMIH) : Free Stock Analysis Report
