An Analysis Of noco-noco Inc’s (NCNC) Stock Behavior

noco-noco Inc (NASDAQ:NCNC) concluded the trading at $0.10 on Thursday, November 07, with a rise of 10.64% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.09 and 5Y monthly beta was reading 1.233 with its price kept floating in the range of $0.0928 and $0.1239 on the day. Considering stock’s 52-week price range provides that NCNC hit a high price of $0.39 and saw its price falling to a low level of $0.08 during that period. Over a period of past 1-month, stock came subtracting -23.86% in its value.

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

Digging deeper we become aware of the PEG ratio of the NCNC stock which is currently positioned at 0. It further provides that stock’s current price level is -2.06% away from its 20-day simple moving average and is -20.02% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 44.90 while volatility remained at 17.63% over the past week which changes to 22.16% when measuring it over the past month. Beta is valued at 1.26, while measure of average true range or ATR is currently at 0.02.

Having a second look at noco-noco Inc (NASDAQ:NCNC) provides that stock’s average daily trading volume for 3 months was 6.50 million, while it jumped to 1653620 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 177.56 million.

The percentage of outstanding shares held by the insiders is 31.22% while it is 0.04% for the institutional holders. The figures also indicate that as of 2024-10-15, number of stock’s short shares was 0.16 million which implies a short ratio of 0.02. This shows down a 12.00 of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 0.52 million in the previous month. Subtraction of -43.34% 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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