Neo Concept International Group Holdings Ltd (NASDAQ: NCI) has experienced a rise in its stock price by 8.67 compared to its previous closing price of 0.52. However, the company has seen a gain of 9.71% in its stock price over the last five trading days. globenewswire.com reported 2024-12-19 that HONG KONG, Dec. 19, 2024 (GLOBE NEWSWIRE) — Neo-Concept International Group Holdings Limited (“NCI” or the “Company”) (NASDAQ: NCI), today announced its unaudited financial results for the six months ended June 30, 2024.
Is It Worth Investing in Neo Concept International Group Holdings Ltd (NASDAQ: NCI) Right Now?
Analysts have mixed views 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 0.50% ratio of that float. The average trading volume of NCI on December 26, 2024 was 1.12M shares.
NCI’s Market Performance
The stock of Neo Concept International Group Holdings Ltd (NCI) has seen a 9.71% increase in the past week, with a 3.65% rise in the past month, and a 11.88% gain in the past quarter. The volatility ratio for the week is 14.50%, and the volatility levels for the past 30 days are at 10.39% for NCI. The simple moving average for the past 20 days is 6.17% for NCI’s stock, with a -23.76% simple moving average for the past 200 days.
NCI Trading at -12.56% 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 -95.04% of loss for the given period.
Volatility was left at 10.39%, however, over the last 30 days, the volatility rate increased by 14.50%, as shares surge +8.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.95% lower at present.
During the last 5 trading sessions, NCI rose by +9.71%, in comparison to the 20-day moving average, which settled at $0.5322. In addition, Neo Concept International Group Holdings Ltd saw -94.05% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NCI starting from Neo-concept (BVI) Ltd, who proposed sale 2,000,000 shares at the price of $0.68 back on Nov 15 ’24. After this action, Neo-concept (BVI) Ltd now owns shares of Neo Concept International Group Holdings Ltd, valued at $1,360,000 using the latest closing price.
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 1.08 points at debt to capital in total, while cash flow to debt ratio is standing at -1.6. The debt to equity ratio resting at -12.88. The interest coverage ratio of the stock is 1.57.
Currently, EBITDA for the company is 14.9 million with net debt to EBITDA at 3.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.79. The receivables turnover for the company is 5.39for trailing twelve months and the total asset turnover is 1.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.
Conclusion
To put it simply, Neo Concept International Group Holdings Ltd (NCI) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
