In the past week, NCNC stock has gone down by -2.15%, with a monthly gain of 12.74% and a quarterly surge of 63.08%. The volatility ratio for the week is 15.22%, and the volatility levels for the last 30 days are 15.98% for noco-noco Inc The simple moving average for the past 20 days is -0.12% for NCNC’s stock, with a -88.96% simple moving average for the past 200 days.
Is It Worth Investing in noco-noco Inc (NASDAQ: NCNC) Right Now?
The price-to-earnings ratio for noco-noco Inc (NASDAQ: NCNC) is above average at 3.98x, Company’s 36-month beta value is 1.39.
The public float for NCNC is 80.00M, and currently, short sellers hold a 0.17% ratio of that floaft. The average trading volume of NCNC on April 17, 2024 was 719.90K shares.
NCNC) stock’s latest price update
noco-noco Inc (NASDAQ: NCNC)’s stock price has soared by 15.24 in relation to previous closing price of 0.22. Nevertheless, the company has seen a loss of -2.15% in its stock price over the last five trading days. PennyStocks reported 2023-11-09 that Penny stocks, those listed at under $5 per share, are the wild west of the stock market. They’re the ones your typical market newbie brags about at family reunions, boasting he turned spare change into a mini-windfall.
NCNC Trading at 15.56% from the 50-Day Moving Average
After a stumble in the market that brought NCNC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.73% of loss for the given period.
Volatility was left at 15.98%, however, over the last 30 days, the volatility rate increased by 15.22%, as shares surge +13.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +57.82% upper at present.
During the last 5 trading sessions, NCNC fell by -2.15%, in comparison to the 20-day moving average, which settled at $0.2611. In addition, noco-noco Inc saw 39.94% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NCNC
The total capital return value is set at 16.98. Equity return is now at value 0.96, with 0.91 for asset returns.
Based on noco-noco Inc (NCNC), the company’s capital structure generated -0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -3.35.
Currently, EBITDA for the company is -16.85 million with net debt to EBITDA at -0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 14.21.
Conclusion
In a nutshell, noco-noco Inc (NCNC) 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.
