Alert: Negative Investment/Fundamental Signals (9/26/24)-OneMain Holdings Inc (NYSE: OMF)

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OneMain Holdings Inc (NYSE: OMF). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.

Slight negative changes in OneMain Holdings Inc (NYSE: OMF) fundamentals have recently occurred: the stock’s power rating fell below 50.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be above the cost of capital, OMF is expected to continue to be a major Value Builder.

OneMain Holdings has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. OneMain Holdings has a slightly positive Appreciation Score of 70 and a neutral Power Rating of 42, with the Neutral Value Trend Rating the result.

Recent Price Action

OneMain Holdings Inc (NYSE: OMF) stock closed at $46.49 on 9/26/24 after a large increase of 3.3%. NORMAL trading volume accompanied the advance. The stock has declined -3.7% during the last week and has performed in line with the market over the last nine months.

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