noco-noco Inc (NASDAQ: NCNC) has experienced a decline in its stock price by -5.74 compared to its previous closing price of 0.12. However, the company has seen a fall of -22.86% in its stock price over the last five trading days. globenewswire.com reported 2024-09-19 that Singapore, Sept. 19, 2024 (GLOBE NEWSWIRE) — noco-noco Inc Announces Significant New Financing
Is It Worth Investing in noco-noco Inc (NASDAQ: NCNC) Right Now?
The stock has a 36-month beta value of 1.18.
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The public float for NCNC is 122.14M, and at present, short sellers hold a 0.12% of that float. On October 14, 2024, the average trading volume of NCNC was 8.34M shares.
NCNC’s Market Performance
The stock of noco-noco Inc (NCNC) has seen a -22.86% decrease in the past week, with a -31.76% drop in the past month, and a -44.94% fall in the past quarter. The volatility ratio for the week is 12.76%, and the volatility levels for the past 30 days are at 11.31% for NCNC. The simple moving average for the past 20 days is -16.05% for NCNC’s stock, with a -41.88% simple moving average for the past 200 days.
NCNC Trading at -29.77% 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 -88.35% of loss for the given period.
Volatility was left at 11.31%, however, over the last 30 days, the volatility rate increased by 12.76%, as shares sank -24.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -52.59% lower at present.
During the last 5 trading sessions, NCNC fell by -22.86%, which changed the moving average for the period of 200-days by -41.18% in comparison to the 20-day moving average, which settled at $0.1310. In addition, noco-noco Inc saw -40.64% 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 0.15.
Currently, EBITDA for the company is -16.85 million with net debt to EBITDA at 0.05.
Conclusion
To sum up, noco-noco Inc (NCNC) has seen a bad 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.
