noco-noco Inc (NASDAQ: NCNC)’s stock price has plunge by -1.70relation to previous closing price of 0.17. Nevertheless, the company has seen a -11.53% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-04-24 that Singapore and Tokyo, 24th April 2024 – noco-noco Inc. (NASDAQ: NCNC), (“noco-noco”), signed a Memorandum of Understanding with Binex Inc. Tokyo (“Binex”) to jointly develop agriculture-based carbon-credits. Singapore and Tokyo, 24th April 2024 – noco-noco Inc. (NASDAQ: NCNC), (“noco-noco”), signed a Memorandum of Understanding with Binex Inc. Tokyo (“Binex”) to jointly develop agriculture-based carbon-credits.
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 2.58x, Company’s 36-month beta value is 1.28.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for NCNC is 80.00M, and currently, short sellers hold a 0.04% ratio of that floaft. The average trading volume of NCNC on June 26, 2024 was 290.63K shares.
NCNC’s Market Performance
NCNC stock saw a decrease of -11.53% in the past week, with a monthly decline of -22.18% and a quarterly a decrease of -33.29%. The volatility ratio for the week is 10.99%, and the volatility levels for the last 30 days are 9.57% for noco-noco Inc (NCNC). The simple moving average for the past 20 days is -11.18% for NCNC’s stock, with a -49.47% simple moving average for the past 200 days.
NCNC Trading at -16.47% 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 -98.53% of loss for the given period.
Volatility was left at 9.57%, however, over the last 30 days, the volatility rate increased by 10.99%, as shares sank -21.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.16% lower at present.
During the last 5 trading sessions, NCNC fell by -13.74%, which changed the moving average for the period of 200-days by -82.16% in comparison to the 20-day moving average, which settled at $0.1870. In addition, noco-noco Inc saw -9.28% in overturn over a single year, with a tendency to cut further losses.
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 bad 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.
