In the past week, NCNO stock has gone up by 15.71%, with a monthly gain of 18.47% and a quarterly surge of 3.44%. The volatility ratio for the week is 4.35%, and the volatility levels for the last 30 days are 3.00% for Ncino Inc. The simple moving average for the last 20 days is 16.03% for NCNO’s stock, with a simple moving average of 15.64% for the last 200 days.
Is It Worth Investing in Ncino Inc. (NASDAQ: NCNO) Right Now?
The stock has a 36-month beta value of 0.49. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NCNO is 65.00M, and at present, short sellers hold a 6.96% of that float. On April 02, 2024, the average trading volume of NCNO was 823.23K shares.
NCNO) stock’s latest price update
Ncino Inc. (NASDAQ: NCNO)’s stock price has dropped by -5.43 in relation to previous closing price of 37.38. Nevertheless, the company has seen a gain of 15.71% in its stock price over the last five trading days. PYMNTS reported 2024-04-01 that NCino expanded the omnichannel functionality of its Consumer Banking Solution for banks and credit unions. The expansion helps bankers interact with consumers where and how those customers want to engage, the provider of cloud banking for the global financial services industry said in a Monday (April 1) press release.
Analysts’ Opinion of NCNO
Many brokerage firms have already submitted their reports for NCNO stocks, with Morgan Stanley repeating the rating for NCNO by listing it as a “Equal-Weight.” The predicted price for NCNO in the upcoming period, according to Morgan Stanley is $27 based on the research report published on March 15, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see NCNO reach a price target of $42, previously predicting the price at $30. The rating they have provided for NCNO stocks is “Overweight” according to the report published on January 02nd, 2024.
Stephens gave a rating of “Equal-Weight” to NCNO, setting the target price at $34 in the report published on October 02nd of the previous year.
NCNO Trading at 14.62% from the 50-Day Moving Average
After a stumble in the market that brought NCNO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.68% of loss for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares surge +17.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.24% upper at present.
During the last 5 trading sessions, NCNO rose by +15.71%, which changed the moving average for the period of 200-days by +45.53% in comparison to the 20-day moving average, which settled at $30.73. In addition, Ncino Inc. saw 5.11% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NCNO starting from Rieger April, who sale 27,513 shares at the price of $36.09 back on Mar 28 ’24. After this action, Rieger April now owns 128,075 shares of Ncino Inc., valued at $992,961 using the latest closing price.
Kilday Pamela, the Director of Ncino Inc., sale 1,000 shares at $36.48 during a trade that took place back on Mar 28 ’24, which means that Kilday Pamela is holding 20,930 shares at $36,482 based on the most recent closing price.
Stock Fundamentals for NCNO
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.59 for the gross margin
The net margin for Ncino Inc. stands at -0.12. The total capital return value is set at -0.04. Equity return is now at value -4.08, with -3.17 for asset returns.
Based on Ncino Inc. (NCNO), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 0.74. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -13.29.
Currently, EBITDA for the company is 11.78 million with net debt to EBITDA at 4.85. When we switch over and look at the enterprise to sales, we see a ratio of 8.72. The receivables turnover for the company is 4.06for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
Conclusion
To sum up, Ncino Inc. (NCNO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
