National Cinemedia Inc (NASDAQ: NCMI) has seen a rise in its stock price by 0.93 in relation to its previous close of 6.45. However, the company has experienced a -2.40% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-08 that National CineMedia, Inc. (NASDAQ:NCMI ) Q2 2024 Earnings Conference Call August 5, 2024 5:00 PM ET Company Participants Chan Park – Senior Vice President-Finance Tom Lesinski – Chief Executive Officer Ronnie Ng – Chief Financial Officer Conference Call Participants Eric Wold – B. Riley Securities Jim Goss – Barrington Research Mike Hickey – The Benchmark Company Operator Good day, and welcome to the National CineMedia, Inc. Second Quarter 2024 Earnings Conference Call.
Is It Worth Investing in National Cinemedia Inc (NASDAQ: NCMI) Right Now?
The price-to-earnings ratio for National Cinemedia Inc (NASDAQ: NCMI) is 2.42x, which is above its average ratio. Moreover, the 36-month beta value for NCMI is 2.08. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for NCMI is 62.23M and currently, short sellers hold a 9.28% of that float. On October 11, 2024, NCMI’s average trading volume was 471.65K shares.
NCMI’s Market Performance
NCMI’s stock has seen a -2.40% decrease for the week, with a -0.15% drop in the past month and a 34.50% gain in the past quarter. The volatility ratio for the week is 4.17%, and the volatility levels for the past 30 days are at 3.50% for National Cinemedia Inc The simple moving average for the last 20 days is -4.69% for NCMI stock, with a simple moving average of 27.13% for the last 200 days.
Analysts’ Opinion of NCMI
Many brokerage firms have already submitted their reports for NCMI stocks, with The Benchmark Company repeating the rating for NCMI by listing it as a “Buy.” The predicted price for NCMI in the upcoming period, according to The Benchmark Company is $8 based on the research report published on August 15, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see NCMI reach a price target of $6.75, previously predicting the price at $4.50. The rating they have provided for NCMI stocks is “Buy” according to the report published on March 19th, 2024.
B. Riley Securities gave a rating of “Neutral” to NCMI, setting the target price at $4.50 in the report published on December 18th of the previous year.
NCMI Trading at -1.74% from the 50-Day Moving Average
After a stumble in the market that brought NCMI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.21% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 4.17%, as shares sank -3.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.78% upper at present.
During the last 5 trading sessions, NCMI fell by -2.40%, which changed the moving average for the period of 200-days by +52.46% in comparison to the 20-day moving average, which settled at $6.83. In addition, National Cinemedia Inc saw 57.25% 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 NCMI starting from Ng Ronnie Y., who sale 283 shares at the price of $7.16 back on Sep 27 ’24. After this action, Ng Ronnie Y. now owns 12,245 shares of National Cinemedia Inc, valued at $2,026 using the latest closing price.
Woods Maria VG, the EVP – General Counsel of National Cinemedia Inc, sale 510 shares at $6.77 during a trade that took place back on Sep 01 ’24, which means that Woods Maria VG is holding 13,229 shares at $3,453 based on the most recent closing price.
Stock Fundamentals for NCMI
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.32 for the gross margin
The net margin for National Cinemedia Inc stands at 0.78. The total capital return value is set at -0.05. Equity return is now at value 87.95, with 56.82 for asset returns.
Based on National Cinemedia Inc (NCMI), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 1.84. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -15.87.
Currently, EBITDA for the company is -1.8 million with net debt to EBITDA at -2.4. When we switch over and look at the enterprise to sales, we see a ratio of 2.82. The receivables turnover for the company is 4.1for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.45.
Conclusion
To wrap up, the performance of National Cinemedia Inc (NCMI) 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.
