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What You Missed This Week About National CineMedia Inc. (NASDAQ: NCMI) Stock

National CineMedia Inc. (NASDAQ:NCMI) price closed higher on Friday, September 15, jumping 1.47% above its previous close.

A look at the daily price movement shows that the last close reads $4.76, with intraday deals fluctuated between $4.62 and $4.835. The company’s 5Y monthly beta was ticking 1.86 while its P/E ratio in the trailing 12-month period read 0.17. Taking into account the 52-week price action we note that the stock hit a 52-week high of $10.90 and 52-week low of $1.01. The stock added 30.19% on its value in the past month.

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National CineMedia Inc., which has a market valuation of $460.69 million, is expected to release its quarterly earnings report Nov 06, 2023 – Nov 10, 2023. The company stock has a Forward Dividend ratio of 1.20, while the dividend yield is 24.84%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking NCMI have forecast the quarterly EPS to shrink by -0.15 per share this quarter, while the same analysts predict the annual EPS to hit -$2.77 for the year 2023 and up to -$0.11 for 2024. In this case, analysts estimate an annual EPS growth of -38.50% for the year and 96.00% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $56.7 million, with the likely lows of $53 million and highs of $61.2 million. The average estimate suggests sales growth for the quarter will likely rise by 5.40% 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 $234.3 million for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow -6.00% below that which the company brought in 2023.

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 NCMI 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 NCMI’s price is at present 8.69% off the SMA20 and 25.58% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 63.15, with weekly volatility standing at 6.24%. The indicator jumps to 8.14% when calculated based on the past 30 days. National CineMedia Inc. (NASDAQ:NCMI)’s beta value is holding at 1.86, while the average true range (ATR) indicator is currently reading 0.33.

Turning out attention to how the National CineMedia Inc. stock has performed in comparison to its peers in the industry, here’s what we find: NCMI’s stock is 1.47% on the day and -52.18% in the past 12 months, while Lamar Advertising Company (LAMR) traded -2.56% in the last session and was positioned -10.02% down on its price 12 months ago. Another comparison is with The Interpublic Group of Companies Inc. (IPG) whose stock price was down -1.00% in the last trading session, and has flourished 11.42% over the past year. Also, Microsoft Corporation (MSFT) showed down trend of -2.50% while its price kept floating at 30.93% over the past year. As for National CineMedia Inc., the P/E ratio stands at 0.17 lower than that of Lamar Advertising Company’s at 20.81 and The Interpublic Group of Companies Inc.’s 12.77. Elsewhere in the market, the S&P 500 Index has stumbled -1.22% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.83%.

An analysis of the National CineMedia Inc. (NASDAQ:NCMI) stock in terms of its daily trading volume indicates that the 3-month average is 369.82K. However, this figure increases on the past 10-day timeline to an average of 1.27 million.

Current records show that the company has 96.78M in outstanding shares. The insiders’ percentage holdings are 1.50% of outstanding shares while the percentage share held by institutions stands at 36.00%. The stats also highlight that short interest as of Aug 30, 2023, stood at 0.83 million shares, which puts the short ratio at the time at 1.46. From this we can glean that short interest is 0.86% of company’s current outstanding shares. Notably, we see that shares short in August rose slightly given the previous month’s figure stood at 0.6 million. But the 119.55% 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.