The stock of Ncino Inc. (NASDAQ: NCNO) has increased by 1.30 when compared to last closing price of 34.68. Despite this, the company has experienced a 1.15% gain in its stock price over the last five trading sessions. 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.
Is It Worth Investing in Ncino Inc. (NASDAQ: NCNO) Right Now?
NCNO has 36-month beta value of 0.50. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NCNO is 69.80M, and currently, short sellers hold a 6.49% ratio of that float. The average trading volume of NCNO on April 10, 2024 was 899.26K shares.
NCNO’s Market Performance
NCNO stock saw an increase of 1.15% in the past week, with a monthly gain of 19.86% and a quarterly increase of 1.56%. The volatility ratio for the week is 3.00%, and the volatility levels for the last 30 days are 3.10% for Ncino Inc. (NCNO). The simple moving average for the last 20 days is 9.36% for NCNO stock, with a simple moving average of 14.11% for the last 200 days.
Analysts’ Opinion of NCNO
Morgan Stanley, on the other hand, stated in their research note that they expect to see NCNO reach a price target of $27, previously predicting the price at $24. The rating they have provided for NCNO stocks is “Equal-Weight” according to the report published on March 15th, 2024.
Piper Sandler gave a rating of “Overweight” to NCNO, setting the target price at $42 in the report published on January 02nd of the current year.
NCNO Trading at 12.85% 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 -6.27% of loss for the given period.
Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares surge +19.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.45% upper at present.
During the last 5 trading sessions, NCNO rose by +1.15%, which changed the moving average for the period of 200-days by +18.84% in comparison to the 20-day moving average, which settled at $32.41. In addition, Ncino Inc. saw 4.46% 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 RUH WILLIAM J, who sale 5,000 shares at the price of $34.51 back on Apr 08 ’24. After this action, RUH WILLIAM J now owns 251,201 shares of Ncino Inc., valued at $172,545 using the latest closing price.
RUH WILLIAM J, the Director of Ncino Inc., sale 10,000 shares at $34.43 during a trade that took place back on Apr 05 ’24, which means that RUH WILLIAM J is holding 256,201 shares at $344,284 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 8.66. 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 put it simply, Ncino Inc. (NCNO) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
