The price-to-earnings ratio for noco-noco Inc (NASDAQ: NCNC) is above average at 2.61x. The 36-month beta value for NCNC is also noteworthy at 1.17.
The public float for NCNC is 104.89M, and at present, short sellers hold a 0.22% of that float. The average trading volume of NCNC on September 06, 2024 was 5.72M shares.
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NCNC) stock’s latest price update
noco-noco Inc (NASDAQ: NCNC)’s stock price has soared by 5.26 in relation to previous closing price of 0.16. Nevertheless, the company has seen a loss of -3.02% in its stock price over the last five trading days. 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
NCNC’s stock has fallen by -3.02% in the past week, with a monthly drop of -9.09% and a quarterly drop of -14.49%. The volatility ratio for the week is 9.21% while the volatility levels for the last 30 days are 11.76% for noco-noco Inc The simple moving average for the past 20 days is -4.21% for NCNC’s stock, with a -15.77% simple moving average for the past 200 days.
NCNC Trading at -8.41% 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 -90.40% of loss for the given period.
Volatility was left at 11.76%, however, over the last 30 days, the volatility rate increased by 9.21%, as shares sank -2.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.58% lower at present.
During the last 5 trading sessions, NCNC fell by -3.02%, which changed the moving average for the period of 200-days by -36.80% in comparison to the 20-day moving average, which settled at $0.1773. In addition, noco-noco Inc saw -8.26% 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 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
In summary, noco-noco Inc (NCNC) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
