Ncino Inc (NASDAQ:NCNO) shares, rose in value on Friday, November 01, with the stock price up by 0.08% to the previous day’s close as strong demand from buyers drove the stock to $37.33.
Actively observing the price movement in the last trading, the stock closed the session at $37.30, falling within a range of $37.21 and $37.86. The value of beta (5-year monthly) was 0.59. Referring to stock’s 52-week performance, its high was $38.94, and the low was $27.27. On the whole, NCNO has fluctuated by 20.85% over the past month.
With the market capitalization of Ncino Inc currently standing at about $4.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-27.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 541.59M, with a low estimate of 137M and a high estimate of 138.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 137.43M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NCNO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of NCNO currently trading nearly 4.03% and 13.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.85, while the 7-day volatility ratio is showing 2.22% which for the 30-day chart, stands at 2.87%. Furthermore, Ncino Inc (NCNO)’s beta value is 0.55, and its average true range (ATR) is 0.93.
A comparison of Ncino Inc (NCNO) with its peers suggests the former has fared considerably weaker in the market. NCNO showed an intraday change of 0.08% in last session, and over the past year, it grew by 34.67%%.
Data on historical trading for Ncino Inc (NASDAQ:NCNO) indicates that the trading volumes over the past 10 days have averaged 1.25 and over the past 3 months, they’ve averaged 1.25 million. According to company’s latest data on outstanding shares, there are 113.68 million shares outstanding.
Nearly 15.00% of Ncino Inc’s shares belong to company insiders and institutional investors own 77.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.48 million shares as on 2024-10-15, resulting in a short ratio of 5.74. According to the data, the short interest in Ncino Inc (NCNO) stood at 1187.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 6.08 million. The stock has risen by 11.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NCNO stock heading into the next quarter.
