Getting Defensive In Emerging Markets: Ocwen Financial Corporation (OCN)

Wall Street analysts will be watching closely when Ocwen Financial Corporation (NYSE:OCN) reports its quarterly earnings next, which is scheduled for Wed 27 Feb (In 52 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at -$0.30 per share. In the preceding quarter, the company reportedly generated EPS of $276.77 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 22.50%, a profit margin of -11.00% and a gross margin of 82.20%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Ocwen Financial Corporation (NYSE:OCN). Most recently, on November 30th, 2018, BTIG Research Initiated a Neutral rating. Before that, on May 1st, 2017, Piper Jaffray Upgrade to Neutral. Piper Jaffray Downgrade a Underweight rating on October 25th, 2016, Compass Point Reiterated an Neutral rating on April 28th, 2016, and Compass Point Reiterated a Neutral rating on March 3rd, 2016.

At its current price point, combined with the fact that this company has 117.48M shares outstanding, the current market capitalization sits at 182.09M. In the last trading day, 1,823,727 shares of Ocwen Financial Corporation were traded, which compares to its usual volume of about 2.13M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.21 in the past five trading days, resulting in a percentage change of +15.67% and a moving average of 1.39. In the past 20 days, its price changed by -$0.34 (which is -17.99%) and the stock’s moving average was 1.46. Looking back a full 50 days, shares of OCN changed by -$2.37 (which is -60.46%) and demonstrated a moving average of 2.29.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 71.45%, a 14-day Stochastic %K score of 52.54% and a 20-day Stochastic %K score of 28.03%. Using a similar metric, Ocwen Financial Corporation (OCN) shares showed a Stochastic %D of 57.89% over the past 9 days, a Stochastic %D score of 36.73% over the last 14 days, and a 20-day Stochastic %D of 19.69%. Meanwhile, this stock’s MACD Oscillator was 0.08 over the past 9 days, 0.06 over the past two weeks, and -0.04 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $1.55 level. Over the past 12 months, this stock has experienced a high price of $4.84 and a low of $1.20. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

Deer Park Road Management Co LP Held shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Ocwen Financial Corporation (NYSE:OCN) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 13,331,147 shares of the company’s stock . This share count represents that Deer Park Road Management Co LP now held 9.96% stake in Ocwen Financial Corporation (OCN)’s shares.

Just in the most recent trading day, Ocwen Financial Corporation (NYSE:OCN) experienced a high price of $1.58 and low point of $1.32. At the end of the last trading session, this stock was at 1.55 per share, following a gain of $0.01, or 15.67% during the full day.