Company’s 36-month beta value is 0.55.Analysts have differing opinions 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 75.09M, and currently, short sellers hold a 7.45% ratio of that floaft. The average trading volume of NCNO on April 17, 2024 was 942.23K shares.
NCNO) stock’s latest price update
The stock price of Ncino Inc. (NASDAQ: NCNO) has dropped by -3.54 compared to previous close of 31.04. Despite this, the company has seen a fall of -14.77% 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.
NCNO’s Market Performance
Ncino Inc. (NCNO) has experienced a -14.77% fall in stock performance for the past week, with a 1.25% rise in the past month, and a -13.32% drop in the past quarter. The volatility ratio for the week is 5.09%, and the volatility levels for the past 30 days are at 3.67% for NCNO.. The simple moving average for the past 20 days is -9.06% for NCNO’s stock, with a -3.00% simple moving average for the past 200 days.
Analysts’ Opinion of NCNO
Many brokerage firms have already submitted their reports for NCNO stocks, with Keefe Bruyette repeating the rating for NCNO by listing it as a “Outperform.” The predicted price for NCNO in the upcoming period, according to Keefe Bruyette is $41 based on the research report published on April 09, 2024 of the current year 2024.
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 -4.17% 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 -20.12% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 5.09%, as shares surge +0.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.31% lower at present.
During the last 5 trading sessions, NCNO fell by -14.77%, which changed the moving average for the period of 200-days by -0.96% in comparison to the 20-day moving average, which settled at $32.93. In addition, Ncino Inc. saw -10.97% 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 NCNO starting from RUH WILLIAM J, who sale 5,000 shares at the price of $35.16 back on Apr 09 ’24. After this action, RUH WILLIAM J now owns 246,201 shares of Ncino Inc., valued at $175,784 using the latest closing price.
Sellers Jeanette, the VP of Accounting of Ncino Inc., sale 563 shares at $35.43 during a trade that took place back on Apr 09 ’24, which means that Sellers Jeanette is holding 30,392 shares at $19,947 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 7.37. 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
In a nutshell, Ncino Inc. (NCNO) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
