noco-noco Inc (NASDAQ: NCNC) has a price-to-earnings ratio that is above its average at 2.92x. The stock has a 36-month beta value of 1.24.
The public float for NCNC is 80.00M, and at present, short sellers hold a 0.14% of that float. On August 26, 2024, the average trading volume of NCNC was 5.28M shares.
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NCNC) stock’s latest price update
noco-noco Inc (NASDAQ: NCNC)’s stock price has plunge by -0.21relation to previous closing price of 0.19. Nevertheless, the company has seen a -2.46% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-26 that Singapore, Aug. 26, 2024 (GLOBE NEWSWIRE) — noco-noco Inc (the “Company”) received a hearing decision letter (the “Decision Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). The Decision Letter gave the Company an exception period until October 30, 2024 to regain compliance with Listing Rule 5550(a)(2) (the “Bid Price Rule”) and Listing Rule 5550(b)(2) (the “MVLS Rule”) or any of the alternatives outlined in Listing Rule 5550(b).
NCNC’s Market Performance
noco-noco Inc (NCNC) has seen a -2.46% fall in stock performance for the week, with a 19.81% gain in the past month and a -11.81% plunge in the past quarter. The volatility ratio for the week is 8.30%, and the volatility levels for the past 30 days are at 18.71% for NCNC. The simple moving average for the past 20 days is 2.44% for NCNC’s stock, with a -7.49% simple moving average for the past 200 days.
NCNC Trading at 1.93% 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 -97.65% of loss for the given period.
Volatility was left at 18.71%, however, over the last 30 days, the volatility rate increased by 8.30%, as shares surge +17.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.12% lower at present.
During the last 5 trading sessions, NCNC fell by -6.25%, which changed the moving average for the period of 200-days by -40.36% in comparison to the 20-day moving average, which settled at $0.1873. In addition, noco-noco Inc saw 2.81% 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 4.72. Equity return is now at value 0.96, with 0.91 for asset returns.
Currently, EBITDA for the company is -16.85 million with net debt to EBITDA at 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 14.21.
Conclusion
To sum up, noco-noco Inc (NCNC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
