Ncino Inc. (NASDAQ: NCNO)’s stock price has gone rise by 0.97 in comparison to its previous close of 33.14, however, the company has experienced a 2.45% increase in its stock price over the last five trading days. globenewswire.com reported 2024-07-10 that Recognition in the Banking Solutions category reinforces nCino’s reputation as a company that has an innovative impact on financial services globally Recognition in the Banking Solutions category reinforces nCino’s reputation as a company that has an innovative impact on financial services globally
Is It Worth Investing in Ncino Inc. (NASDAQ: NCNO) Right Now?
NCNO has 36-month beta value of 0.60. 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.”
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The public float for NCNO is 88.88M, and currently, short sellers hold a 6.04% ratio of that float. The average trading volume of NCNO on July 23, 2024 was 1.04M shares.
NCNO’s Market Performance
The stock of Ncino Inc. (NCNO) has seen a 2.45% increase in the past week, with a 5.59% rise in the past month, and a 12.89% gain in the past quarter. The volatility ratio for the week is 2.95%, and the volatility levels for the past 30 days are at 2.31% for NCNO. The simple moving average for the past 20 days is 5.65% for NCNO’s stock, with a 8.28% simple moving average for the past 200 days.
Analysts’ Opinion of NCNO
Many brokerage firms have already submitted their reports for NCNO stocks, with JMP Securities repeating the rating for NCNO by listing it as a “Mkt Outperform.” The predicted price for NCNO in the upcoming period, according to JMP Securities is $43 based on the research report published on July 22, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see NCNO reach a price target of $41. The rating they have provided for NCNO stocks is “Outperform” according to the report published on April 09th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to NCNO, setting the target price at $27 in the report published on March 15th of the current year.
NCNO Trading at 7.12% 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 -10.73% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares surge +6.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.99% upper at present.
During the last 5 trading sessions, NCNO rose by +2.82%, which changed the moving average for the period of 200-days by +12.53% in comparison to the 20-day moving average, which settled at $31.77. In addition, Ncino Inc. saw -0.51% 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 HORING JEFF, who sale 234,584 shares at the price of $33.32 back on Jul 18 ’24. After this action, HORING JEFF now owns 19,152,242 shares of Ncino Inc., valued at $7,815,283 using the latest closing price.
Insight Holdings Group, LLC, the Director of Ncino Inc., sale 100,354 shares at $33.32 during a trade that took place back on Jul 18 ’24, which means that Insight Holdings Group, LLC is holding 100,782 shares at $3,343,344 based on the most recent closing price.
Stock Fundamentals for NCNO
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.58 for the gross margin
The net margin for Ncino Inc. stands at -0.1. The total capital return value is set at -0.03. Equity return is now at value -3.26, with -2.49 for asset returns.
Based on Ncino Inc. (NCNO), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 1.28. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -10.28.
Currently, EBITDA for the company is 11.78 million with net debt to EBITDA at -1.64. When we switch over and look at the enterprise to sales, we see a ratio of 8.15. The receivables turnover for the company is 6.03for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
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.
