The stock of noco-noco Inc (NCNC) has gone down by -6.73% for the week, with a -28.42% drop in the past month and a 39.60% rise in the past quarter. The volatility ratio for the week is 9.78%, and the volatility levels for the past 30 days are 12.87% for NCNC. The simple moving average for the past 20 days is -16.25% for NCNC’s stock, with a -88.32% 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 3.19x, which is above its average ratio. Moreover, the 36-month beta value for NCNC is 1.37.
The public float for NCNC is 80.00M and currently, short sellers hold a 0.08% of that float. On May 02, 2024, NCNC’s average trading volume was 622.08K shares.
NCNC) stock’s latest price update
noco-noco Inc (NASDAQ: NCNC) has experienced a decline in its stock price by -8.49 compared to its previous closing price of 0.23. However, the company has seen a fall of -6.73% 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 -11.22% 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 -98.18% of loss for the given period.
Volatility was left at 12.87%, however, over the last 30 days, the volatility rate increased by 9.78%, as shares sank -27.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.46% upper at present.
During the last 5 trading sessions, NCNC fell by -6.73%, in comparison to the 20-day moving average, which settled at $0.2444. In addition, noco-noco Inc saw 12.25% 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
To wrap up, the performance of noco-noco Inc (NCNC) has been mixed in recent times. The stock has received a mixed of “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.
