Ocwen Financial Stock Today
| OCN Stock | USD 25.51 1.34 5.54% |
Performance0 of 100
| Odds Of DistressLess than 48
|
Ocwen Financial is selling at 25.51 as of the 2nd of May 2024; that is 5.54 percent up since the beginning of the trading day. The stock's open price was 24.17. Ocwen Financial has 48 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Ocwen Financial are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of April 2024 and ending today, the 2nd of May 2024. Click here to learn more.
Business Domain Banks | IPO Date 25th of September 1996 | Category Financial Services | Classification Financials |
Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company was founded in 1988 and is headquartered in West Palm Beach, Florida. The company has 7.81 M outstanding shares of which 31.03 K shares are now shorted by investors with about 2.66 days to cover. More on Ocwen Financial
Moving together with Ocwen Stock
| 0.62 | CNF | CNFinance Holdings Financial Report 24th of May 2024 | PairCorr |
| 0.61 | GHI | Greystone Housing Impact Earnings Call This Week | PairCorr |
| 0.71 | LDI | Loandepot Earnings Call This Week | PairCorr |
Moving against Ocwen Stock
| 0.7 | DB | Deutsche Bank AG | PairCorr |
| 0.69 | IOR | Income Opportunity Realty Earnings Call This Week | PairCorr |
| 0.65 | COOP | Mr Cooper Group | PairCorr |
| 0.58 | CM | Canadian Imperial Bank Financial Report 23rd of May 2024 | PairCorr |
| 0.53 | C | Citigroup Earnings Call This Week | PairCorr |
| 0.5 | FMCC | Federal Home Loan | PairCorr |
| 0.46 | CG | Carlyle Group | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores
Ocwen Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ocwen Financial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ocwen Financial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Ronald Faris | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Oceanus Resources Corporation, OMNICOM GROUP INC - Dusseldorf Stock Exchang] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Thrifts & Mortgage Finance, Mortgage Finance, Financial Services, NYSE Composite, Financials, Thrifts & Mortgage Finance, Mortgage Finance, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Ocwen Financial report their recommendations after researching Ocwen Financial's financial statements, talking to executives and customers, or listening in on Ocwen Financial's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Ocwen Financial. The Ocwen consensus assessment is calculated by taking the average forecast from all of the analysts covering Ocwen Financial. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Ocwen Financial's profitability, liquidity, and operating efficiency, Ocwen Financial is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in June. Financial strength of Ocwen Financial is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ocwen Financial's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Ocwen Financial's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ocwen Financial's financial leverage. It provides some insight into what part of Ocwen Financial's total assets is financed by creditors.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ocwen Financial (OCN) is traded on New York Stock Exchange in USA. It is located in 1661 Worthington Road, West Palm Beach, FL, United States, 33409 and employs 4,500 people. Ocwen Financial is listed under Thrifts & Mortgage Finance category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 188.76 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ocwen Financial's market, we take the total number of its shares issued and multiply it by Ocwen Financial's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Ocwen Financial runs under Thrifts & Mortgage Finance sector within Financials industry. The entity has 7.81 M outstanding shares of which 31.03 K shares are now shorted by investors with about 2.66 days to cover.
Ocwen Financial has about 269.01 M in cash with (61.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 30.92, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Ocwen Financial Probability Of Bankruptcy
Ownership AllocationOcwen Financial has a total of 7.81 Million outstanding shares. Over half of Ocwen Financial's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Ocwen Financial. Please watch out for any change in the institutional holdings of Ocwen Financial as this could mean something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Ocwen Ownership Details
Ocwen Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Ocwen Financial jumping above the current price in 90 days from now is about 59.52%. The Ocwen Financial probability density function shows the probability of Ocwen Financial stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.8299. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Ocwen Financial will likely underperform. Additionally, ocwen Financial has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Ocwen Financial to move above the current price in 90 days from now is about 59.52 (This Ocwen Financial probability density function shows the probability of Ocwen Stock to fall within a particular range of prices over 90 days) .
Ocwen Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Ocwen Financial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ocwen Financial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ocwen Financial's value.| Instituion | Recorded On | Shares | |
| Northern Trust Corp | 2023-12-31 | 50.4 K | |
| Jacobs Levy Equity Management, Inc. | 2023-09-30 | 47.4 K | |
| Empowered Funds, Llc | 2023-12-31 | 34.9 K | |
| D. E. Shaw & Co Lp | 2023-09-30 | 31.6 K | |
| Amvescap Plc. | 2023-12-31 | 29 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 28.5 K | |
| Alphacentric Advisors, Llc | 2023-12-31 | 28.2 K | |
| Citadel Advisors Llc | 2023-09-30 | 20.4 K | |
| Miller Investment Management, Lp | 2023-12-31 | 20 K | |
| Long Focus Capital Management, Llc | 2023-12-31 | 652.1 K | |
| Deer Park Road Corporation | 2023-12-31 | 577.9 K |
Ocwen Financial Historical Income Statement
Ocwen Financial Income Statement is one of the three primary financial statements used for reporting Ocwen's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Ocwen Financial revenue and expense. Ocwen Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Ocwen Financial's Gross Profit is very stable compared to the past year. As of the 2nd of May 2024, Other Operating Expenses is likely to grow to about 743.5 M, while Depreciation And Amortization is likely to drop about 11.5 M. View More FundamentalsOcwen Stock Against Markets
Picking the right benchmark for Ocwen Financial stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ocwen Financial stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ocwen Financial is critical whether you are bullish or bearish towards Ocwen Financial at a given time. Please also check how Ocwen Financial's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ocwen Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Competition Analyzer Now
Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
| All Next | Launch Module |
Ocwen Financial Corporate Directors
Ocwen Financial corporate directors refer to members of an Ocwen Financial board of directors. The board of directors generally takes responsibility for the Ocwen Financial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ocwen Financial's board members must vote for the resolution. The Ocwen Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Robert Salcetti | Independent Director | Profile | |
| Carol Galante | Independent Director | Profile | |
| Alan Bowers | Independent Director | Profile | |
| DeForest Soaries | Independent Director | Profile |
How to buy Ocwen Stock?
Before investing in Ocwen Financial, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Ocwen Financial. To buy Ocwen Financial stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ocwen Financial. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Ocwen Financial stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Ocwen Financial stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Ocwen Financial stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Ocwen Financial, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Ocwen Stock please use our How to Invest in Ocwen Financial guide.
Already Invested in Ocwen Financial?
The danger of trading Ocwen Financial is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ocwen Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ocwen Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ocwen Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Ocwen Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ocwen Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ocwen Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ocwen Financial Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocwen Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Ocwen Stock, please use our How to Invest in Ocwen Financial guide.Note that the Ocwen Financial information on this page should be used as a complementary analysis to other Ocwen Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Ocwen Stock analysis
When running Ocwen Financial's price analysis, check to measure Ocwen Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ocwen Financial is operating at the current time. Most of Ocwen Financial's value examination focuses on studying past and present price action to predict the probability of Ocwen Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocwen Financial's price. Additionally, you may evaluate how the addition of Ocwen Financial to your portfolios can decrease your overall portfolio volatility.
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Global Correlations Find global opportunities by holding instruments from different markets |
Is Ocwen Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ocwen Financial. If investors know Ocwen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ocwen Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.75) | Earnings Share (8.34) | Revenue Per Share 139.688 | Quarterly Revenue Growth 0.107 | Return On Assets 0.0328 |
The market value of Ocwen Financial is measured differently than its book value, which is the value of Ocwen that is recorded on the company's balance sheet. Investors also form their own opinion of Ocwen Financial's value that differs from its market value or its book value, called intrinsic value, which is Ocwen Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ocwen Financial's market value can be influenced by many factors that don't directly affect Ocwen Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ocwen Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ocwen Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocwen Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.