Nuance Communications Inc. (NASDAQ:NUAN) price closed higher on Tuesday, August 24, jumping 0.02% above its previous close.
A look at the daily price movement shows that the last close reads $55.05, with intraday deals fluctuated between $55.01 and $55.15. The company’s 5Y monthly beta was ticking 1.26. Taking into account the 52-week price action we note that the stock hit a 52-week high of $55.19 and 52-week low of $28.56. The stock subtracted -0.15% on its value in the past month.
Nuance Communications Inc., which has a market valuation of $17.31 billion, is expected to release its quarterly earnings report Nov 16, 2021 – Nov 22, 2021. Analysts tracking NUAN have forecast the quarterly EPS to grow by 0.17 per share this quarter, while the same analysts predict the annual EPS to hit $0.77 for the year 2021 and up to $0.85 for 2022. In this case, analysts estimate an annual EPS growth of -7.20% for the year and 10.40% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $334.2 million, with the likely lows of $334 million and highs of $334.4 million. Staying with the analyst view, there is a consensus estimate of $1.38 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -6.90% below that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NUAN a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that NUAN’s price is at present 0.34% off the SMA20 and 0.53% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 59.29, with weekly volatility standing at 0.29%. The indicator jumps to 0.40% when calculated based on the past 30 days. Nuance Communications Inc. (NASDAQ:NUAN)’s beta value is holding at 1.26, while the average true range (ATR) indicator is currently reading 0.19.
Turning out attention to how the Nuance Communications Inc. stock has performed in comparison to its peers in the industry, here’s what we find: NUAN’s stock is 0.02% on the day and 88.17% in the past 12 months, while Adobe Inc. (ADBE) traded 0.06% in the last session and was positioned 37.99% up on its price 12 months ago. Another comparison is with Alphabet Inc. (GOOGL) whose stock price was up 0.87% in the last trading session, and has flourished 78.23% over the past year. Also, Intuit Inc. (INTU) showed up trend of 0.28% while its price kept floating at 66.31% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.15% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.09%.
An analysis of the Nuance Communications Inc. (NASDAQ:NUAN) stock in terms of its daily trading volume indicates that the 3-month average is 4.68 million. However, this figure increases on the past 10-day timeline to an average of 2.48 million.
Current records show that the company has 294.39M in outstanding shares. The insiders’ percentage holdings are 0.70% of outstanding shares while the percentage share held by institutions stands at 90.30%. The stats also highlight that short interest as of May 27, 2021, stood at 45.24 million shares, which puts the short ratio at the time at 7.07. From this we can glean that short interest is 14.88% of company’s current outstanding shares. Notably, we see that shares short in May fall slightly given the previous month’s figure stood at 51.17 million. But the 24.88% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.