Why BofI Holding, Inc. (NASDAQ:BOFI) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $31.1700 on BofI Holding, Inc. (NASDAQ:BOFI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.1400 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of BofI Holding, Inc. (NASDAQ:BOFI) stands at 11.3689.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For BofI Holding, Inc., the PEG ratio for coming 3-5 years is 0.9200.

Technical Analysis

The technical analysis highlights that BofI Holding, Inc. current is trading $3.5222 points away or +20.1150% from its 50-day moving average of $17.5103. Further it is trading $2.7198 or +14.8520% away its 200-day moving average of $18.3127.

The 52-week high of BofI Holding, Inc. (NASDAQ:BOFI) was $35.9800 while lowest point recorded in 52-week was $13.4700. It implies if stock price makes a movement of over $-14.9475, it will record a new 52-week high. In the case of +56.1433% drop, it will touch a new 52-week low.

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