Ocwen Financial Corporation (OCN): Is it worth Buying?


Ocwen Financial Corporation (NYSE:OCN) changes shares on Tuesday trading session, with a change of -1.93% or -$0.02 shares. The trading starts at $0.64 and closed at $0.63 throughout the day. The trading session low price was $0.603 and day high was $0.67 on Tuesday, June 23. After the session, the Financial sector daily volume shifted to 1.26 million while its average volume is 2.03M. In other hand, the OCN market cap reached to $83.29M. While, its current target price is $0.61 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -16.18% and down -8.13% for month. Its quarterly performance was 6.17% above, while its half year performance is down -56.11%. OCN yearly performance stood at negative -65.68% and fall -55.15% for year-to-date. Current recommendation for Ocwen Financial Corporation is 3.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. OCN EPS (TTM) for 12-month is -0.89. EPS for this year is -106.50%, while for the next year its value is -0.36. Its EPS Q/Q reached 49.60%. It has an EPS of 21.70% up for past five years and for the next five years will be up 3.00%.

Let’s take a look on the analyst recommendations on OCN for the current month and previous month. For the current month, 0 of 1 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $1.00-$1.00. Average target price for OCN was reached at $1.00.

The insider ownership moved to 2.50% and institutional holding shifted to 61.50%.

The company posted an EPS (TTM) of -0.89. According to the most recent quarter report on (Jun 2020), 1 analysts estimated an average EPS of -0.09, while -0.67 EPS posted a year ago period. Analyst Estimated EPS for OCN published in the report was -0.09–0.09 during the same period. Comparing with last year, the average estimated EPS was -0.67 which is lower than -0.06 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for OCN fall -49.24% for period of 200 days. SMA for 50 days was 4.39% which is showing green signal, while SMA-20 was -15.26%. The moving average value for Ocwen Financial Corporation (OCN) is 0.9547 and 0.6603 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in OCN stock. On Jun 01, Busquet Jacques J, Director, bought 10,000 trading shares at the cost of $0.76, which valued at 7550.0. On May 14, STEIN KEVIN, Director, bought 10,000 shares at the cost of $0.61, with total shares of 77,500. On May 13, STEIN KEVIN, Director, bought 5,000 shares at the cost of 0.55. After this transaction, STEIN KEVIN total shares reached to 67,500 which valued at 2750.0.