N-able Inc (NYSE: NABL)’s stock price has plunge by 0.65relation to previous closing price of 13.76. Nevertheless, the company has seen a -3.82% plunge in its stock price over the last five trading sessions. businesswire.com reported 2024-06-18 that BURLINGTON, Mass.–(BUSINESS WIRE)–N-able, Inc. (NYSE: NABL), a global software company helping IT services providers deliver remote monitoring and management, data protection as-a-service, and security solutions, today announced its Pledge on the Responsible Use of Artificial Intelligence (AI). The pledge describes the company’s commitment to openness and protecting partner data and intellectual property. The newly unveiled AI strategy outlined in the pledge is built on three pillars: consent.
Is It Worth Investing in N-able Inc (NYSE: NABL) Right Now?
N-able Inc (NYSE: NABL) has a price-to-earnings ratio of 94.54x that is above its average ratio. Additionally, the 36-month beta value for NABL is 0.49. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NABL is 63.39M and currently, short sellers hold a 2.24% ratio of that float. The average trading volume of NABL on July 25, 2024 was 655.20K shares.
NABL’s Market Performance
NABL’s stock has seen a -3.82% decrease for the week, with a -6.73% drop in the past month and a 12.33% gain in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are at 1.95% for N-able Inc The simple moving average for the past 20 days is -5.33% for NABL’s stock, with a 5.33% simple moving average for the past 200 days.
Analysts’ Opinion of NABL
Many brokerage firms have already submitted their reports for NABL stocks, with JP Morgan repeating the rating for NABL by listing it as a “Neutral.” The predicted price for NABL in the upcoming period, according to JP Morgan is $11 based on the research report published on January 24, 2023 of the previous year 2023.
Needham, on the other hand, stated in their research note that they expect to see NABL reach a price target of $13.50, previously predicting the price at $17. The rating they have provided for NABL stocks is “Buy” according to the report published on December 29th, 2021.
BMO Capital Markets gave a rating of “Market Perform” to NABL, setting the target price at $14 in the report published on October 05th of the previous year.
NABL Trading at -1.10% from the 50-Day Moving Average
After a stumble in the market that brought NABL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.56% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares sank -7.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.92% upper at present.
During the last 5 trading sessions, NABL fell by -4.58%, which changed the moving average for the period of 200-days by +4.09% in comparison to the 20-day moving average, which settled at $14.57. In addition, N-able Inc saw 4.53% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NABL starting from Colletti Frank, who sale 3,333 shares at the price of $15.24 back on Jul 01 ’24. After this action, Colletti Frank now owns 453,475 shares of N-able Inc, valued at $50,795 using the latest closing price.
Pai Kathleen, the EVP, Chief People Officer of N-able Inc, sale 13,390 shares at $15.02 during a trade that took place back on Jun 27 ’24, which means that Pai Kathleen is holding 538,194 shares at $201,118 based on the most recent closing price.
Stock Fundamentals for NABL
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.84 for the gross margin
The net margin for N-able Inc stands at 0.06. The total capital return value is set at 0.07. Equity return is now at value 4.00, with 2.44 for asset returns.
Based on N-able Inc (NABL), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 2.47.
Currently, EBITDA for the company is 92.14 million with net debt to EBITDA at 2.37. When we switch over and look at the enterprise to sales, we see a ratio of 6.44. The receivables turnover for the company is 8.68for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.01.
Conclusion
In conclusion, N-able Inc (NABL) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
