National CineMedia Inc. (NASDAQ: NCMI)’s stock price has decreased by -16.29 compared to its previous closing price of 0.17. Despite this, the company has seen a fall of -37.12% in its stock price over the last five trading days.
Is It Worth Investing in National CineMedia Inc. (NASDAQ: NCMI) Right Now?
Additionally, the 36-month beta value for NCMI is 1.93. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for NCMI is $1.88, which is $1.74 above the current price. The public float for NCMI is 73.65M and currently, short sellers hold a 5.57% ratio of that float. The average trading volume of NCMI on March 17, 2023 was 849.59K shares.
NCMI’s Market Performance
The stock of National CineMedia Inc. (NCMI) has seen a -37.12% decrease in the past week, with a -43.95% drop in the past month, and a -63.51% fall in the past quarter. The volatility ratio for the week is 16.09%, and the volatility levels for the past 30 days are at 9.83% for NCMI. The simple moving average for the last 20 days is -36.02% for NCMI stock, with a simple moving average of -80.29% for the last 200 days.
Analysts’ Opinion of NCMI
Many brokerage firms have already submitted their reports for NCMI stocks, with B. Riley Securities repeating the rating for NCMI by listing it as a “Neutral.” The predicted price for NCMI in the upcoming period, according to B. Riley Securities is $0.25 based on the research report published on January 03rd of the current year 2023.
B. Riley Securities, on the other hand, stated in their research note that they expect to see NCMI reach a price target of $0.50, previously predicting the price at $1. The rating they have provided for NCMI stocks is “Neutral” according to the report published on October 12th, 2022.
B. Riley Securities gave a rating of “Neutral” to NCMI, setting the target price at $1.50 in the report published on June 21st of the previous year.
NCMI Trading at -45.08% from the 50-Day Moving Average
After a stumble in the market that brought NCMI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.76% of loss for the given period.
Volatility was left at 9.83%, however, over the last 30 days, the volatility rate increased by 16.09%, as shares sank -43.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.98% lower at present.
During the last 5 trading sessions, NCMI fell by -37.12%, which changed the moving average for the period of 200-days by -89.14% in comparison to the 20-day moving average, which settled at $0.2169. In addition, National CineMedia Inc. saw -35.32% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NCMI starting from Lesinski Thomas F., who sale 24,329 shares at the price of $0.22 back on Feb 28. After this action, Lesinski Thomas F. now owns 331,113 shares of National CineMedia Inc., valued at $5,382 using the latest closing price.
Felenstein Scott D, the President – Sales & Marketing of National CineMedia Inc., sale 7,911 shares at $0.22 during a trade that took place back on Feb 28, which means that Felenstein Scott D is holding 220,315 shares at $1,750 based on the most recent closing price.
Stock Fundamentals for NCMI
Current profitability levels for the company are sitting at:
- -59.69 for the present operating margin
- +2.01 for the gross margin
The net margin for National CineMedia Inc. stands at -42.50. Equity return is now at value 4.80, with -3.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.27.
Conclusion
In conclusion, National CineMedia Inc. (NCMI) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
