The trading price of nCino, Inc. (NASDAQ:NCNO) closed lower on Tuesday, Jan 12, closing at $71.33, -0.07% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $68.60 and $71.57. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $103.95 and a 52-week low of $65.32. Over the past month, the stock has suffered -12.3% in value.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned NCNO a recommendation rating is 7. Out of them, 2 rate it a Hold, while 5 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged nCino, Inc. (NCNO) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that NCNO’s price is currently -5.59% off the SMA20 and -7.06% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.73, and weekly volatility stands at 5.47%. When measured over the past 30 days, the indicator reaches 5.23%. nCino, Inc. (NASDAQ:NCNO)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 4.05. With analysts defining $90-$100 as the low and high price targets, we arrive at a consensus price target of $95.33 for the trailing 12-month period. The current price is about 26.26% off the estimated low and 40.29% off the forecast high, based on this estimate. Investors will be thrilled if NCNO’s share price rises to $95, which is the median consensus price. At that level, NCNO’s share price would be +33.28% above current price.
To see how nCino, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: NCNO stock’s performance was -0.07% in the latest trading, and 0% in the past year, while Paypal Holdings (PYPL) has traded +0.06% on the day and positioned +106.14% higher than it was a year ago. Another comparable company Square (SQ) saw its stock close 0.9% higher in the most recent trading session but was up +231.37% in a year. Furthermore, Zoom Video Communications Cl A (ZM) showed a decline of -0.07% on the day while its price kept declining at 0% over the past year. nCino, Inc. has a P/E ratio of 0, compared to Paypal Holdings 89.74 and Square’s 491.4. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of nCino, Inc. (NASDAQ:NCNO) indicates that the 3-month average is 661.16 Million. However, this figure has declined over the past 10 days to an average of 1.37 Million.
Currently, records show that 92.29 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 1.53% of outstanding shares, whereas institutions hold 73.79%. The stats also highlight that short interest as of December 14, 2020, stood at 3.09 Million shares, resulting in a short ratio of 6.53 at that time. From this, we can conclude that short interest is 3.35% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 2.94 Million. However, since the stock’s price has seen -1.56% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.
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