(ONIT) Onity - Ratings and Ratios

Onity Group Inc. (NYSE:ONIT) is a financial services company specializing in mortgage loan origination and servicing. The company operates in the United States, the U.S. Virgin Islands, India, and the Philippines. Its services include commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management for mortgage and real estate owners. It also offers residential mortgage loan servicing for forward and reverse loans, including government-insured and non-agency loans. The company originates conventional and government-insured residential forward and reverse mortgage loans through correspondent lending, broker relationships, and retail channels. Its primary brands are PHH Mortgage and Liberty Reverse Mortgage. Formerly known as Ocwen Financial Corporation, the company rebranded as Onity Group Inc. in June 2024. Founded in 1988, it is headquartered in West Palm Beach, Florida.

Ticker: ONIT (NYSE) operates under the Commercial & Residential Mortgage Finance industry. The stock has shown recent price movements, with a last price of 32.32, SMA 20 at 33.49, SMA 50 at 29.30, and SMA 200 at 35.29. The Average True Range (ATR) is 1.36, indicating moderate volatility.

3-Month Forecast: Based on and , Onity Group Inc. is expected to experience price consolidation. The SMA 20 being above the last price suggests potential resistance at higher levels, while the SMA 50 indicates support. The ATR of 1.36 signals manageable volatility. Fundamentally, the P/B ratio of 0.52 suggests undervaluation, potentially attracting value investors. However, the RoE of 6.88% is below industry averages, indicating lower profitability. Overall, the stock may see sideways movement with potential upside if profitability improves.