The stock of Neo Concept International Group Holdings Ltd (NASDAQ: NCI) has decreased by -11.19 when compared to last closing price of 0.69.Despite this, the company has seen a gain of 15.64% in its stock price over the last five trading days. prnewswire.com reported 2024-10-04 that SOUTH SAN FRANCISCO, Calif., Oct. 4, 2024 /PRNewswire/ — IDEAYA Biosciences, Inc. (Nasdaq:IDYA), a precision medicine oncology company committed to the discovery and development of targeted therapeutics, announced a late-breaking oral presentation of the Phase 1 expansion results of IDE397, a first-in-class, oral, MAT2A inhibitor in methylthioadenosine phosphorylase (MTAP)-deletion urothelial and non-small cell lung cancer (NSCLC) patients at the 36th edition of the EORTC-NCI-AACR Symposium on Molecular Targets and Cancer Therapeutics taking place on October 23 to 25, 2024, in Barcelona, Spain.
Is It Worth Investing in Neo Concept International Group Holdings Ltd (NASDAQ: NCI) Right Now?
Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for NCI is 20.32M and currently, short sellers hold a 0.68% of that float. On October 07, 2024, NCI’s average trading volume was 840.16K shares.
NCI’s Market Performance
The stock of Neo Concept International Group Holdings Ltd (NCI) has seen a 15.64% increase in the past week, with a 40.90% rise in the past month, and a -5.71% fall in the past quarter. The volatility ratio for the week is 34.80%, and the volatility levels for the past 30 days are at 26.60% for NCI. The simple moving average for the past 20 days is 6.41% for NCI’s stock, with a -22.60% simple moving average for the past 200 days.
NCI Trading at 21.82% from the 50-Day Moving Average
After a stumble in the market that brought NCI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.62% of loss for the given period.
Volatility was left at 26.60%, however, over the last 30 days, the volatility rate increased by 34.80%, as shares surge +48.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.45% upper at present.
During the last 5 trading sessions, NCI rose by +15.64%, in comparison to the 20-day moving average, which settled at $0.5860. In addition, Neo Concept International Group Holdings Ltd saw -93.55% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NCI
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.2 for the gross margin
The net margin for Neo Concept International Group Holdings Ltd stands at 0.03. The total capital return value is set at 0.44.
Based on Neo Concept International Group Holdings Ltd (NCI), the company’s capital structure generated 1.05 points at debt to capital in total, while cash flow to debt ratio is standing at -0.9. The debt to equity ratio resting at -22.89. The interest coverage ratio of the stock is 1.57.
Currently, EBITDA for the company is 15.07 million with net debt to EBITDA at 3.24. When we switch over and look at the enterprise to sales, we see a ratio of 0.84. The receivables turnover for the company is 5.39for trailing twelve months and the total asset turnover is 1.92.
Conclusion
To wrap up, the performance of Neo Concept International Group Holdings Ltd (NCI) has been mixed in recent times. The stock has received a mixed of “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.
