NCR Atleos Corp (NATL) Recovers 54.83% From Low: Are We There Yet?

NCR Atleos Corp (NYSE:NATL) concluded the trading at $27.87 on current market day with a fall of -2.21% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $28.50 with its price kept floating in the range of $27.58 and $28.475 on the day. Considering stock’s 52-week price range provides that NATL hit a high price of $35.29 and saw its price falling to a low level of $18.00 during that period. Over a period of past 1-month, stock came adding 0.29% in its value.

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With its current market valuation of $2.02 billion, NCR Atleos Corp is set to declare its quarterly results on 2024-Aug-13. Analysts are in estimates of 0.79 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 3.08 for current year with estimates of that growing to 4.35 in next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 1.06B. They suggested that in the process company could generate revenue of as low as 1.05B which could climb up to 1.07B to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 4.31B in current fiscal year, which will be 2.70% more from revenue generated by the company last year.

In contrast, when we review NATL stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the NATL stock which is currently positioned at 0. It further provides that stock’s current price level is -1.11% away from its 20-day simple moving average and is -5.02% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 44.67 while volatility remained at 2.85% over the past week which changes to 3.85% when measuring it over the past month. Average true range or ATR is currently at 1.12. In predicting price targets of as low as $29 and as high as $48, analysts are in agreement on assigning the stock over the next 12 months average price target of $38.5. Stock’s current price level is -4.05% above from estimated low price target while it is -72.23% below the estimated high; and even if the NATL’s share succeeded to reach the median price of $38.5, then the outlook of -38.14% could come to the excitement of the investors.

Having a second look at NCR Atleos Corp (NYSE:NATL) provides that stock’s average daily trading volume for 3 months was 874.39K, while it jumped to 519210 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 70.90 million.

The percentage of outstanding shares held by the insiders is 2.39% while it is 92.43% for the institutional holders. The figures also indicate that as of 2024-08-15, number of stock’s short shares was 3.61 million which implies a short ratio of 4.58. This shows down a 650.00 of Short Interest in company’s outstanding shares on the day. In August the standing of shares short improved as it was 4.08 million in the previous month. Addition of 14.74% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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