Nuance Communications Inc. (NASDAQ:NUAN) price closed higher on Tuesday, September 14, jumping 0.05% above its previous close.
A look at the daily price movement shows that the last close reads $55.21, with intraday deals fluctuated between $55.09 and $55.31. The company’s 5Y monthly beta was ticking 1.24. Taking into account the 52-week price action we note that the stock hit a 52-week high of $55.27 and 52-week low of $31.05. The stock added 0.84% on its value in the past month.
Nuance Communications Inc., which has a market valuation of $17.38 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 0.2 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 $348.45 million, with the likely lows of $344 million and highs of $352.9 million. The average estimate suggests sales growth for the quarter will likely fall by -1.30% when compared to those recorded in the same quarter in the last financial year. 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.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned NUAN a recommendation rating as follows: 1 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Nuance Communications Inc. (NUAN) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that NUAN’s price is at present 0.31% off the SMA20 and 0.56% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 64.62, with weekly volatility standing at 0.17%. The indicator jumps to 0.24% when calculated based on the past 30 days. Nuance Communications Inc. (NASDAQ:NUAN)’s beta value is holding at 1.25, while the average true range (ATR) indicator is currently reading 0.14. Considering analysts have assigned the stock a price target range of $56.00-$56.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $56.00. Based on this estimate, we see that current price is roughly -1.38% off the estimated low and -1.38% off the forecast high. Investors will no doubt be excited to see the share price fall to $56.00, which is the median consensus price, and at that level NUAN would be -1.38% from current price.
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 0.05% on the day and 75.70% in the past 12 months, while Adobe Inc. (ADBE) traded -0.02% in the last session and was positioned 32.74% up on its price 12 months ago. Another comparison is with Alphabet Inc. (GOOGL) whose stock price was up 0.15% in the last trading session, and has flourished 88.95% over the past year. Also, Intuit Inc. (INTU) showed up trend of 1.95% while its price kept floating at 78.53% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.57% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.84%.
An analysis of the Nuance Communications Inc. (NASDAQ:NUAN) stock in terms of its daily trading volume indicates that the 3-month average is 3.58 million.
Current records show that the company has 294.39M in outstanding shares. The insiders’ percentage holdings are 0.60% of outstanding shares while the percentage share held by institutions stands at 88.80%. But the 25.29% 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.