NICE Ltd ADR (NASDAQ: NICE) Offers Excellent Downside

NICE Ltd ADR (NASDAQ:NICE) price on current trading day, fall -14.11% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $171.06.

A look at the stock’s price movement, the level at last check in today’s session was $199.17, moving within a range at $169.2201 and $181.32. The beta value (5-Year monthly) was 0.398 while the PE ratio in trailing twelve months stood at 28.56. Turning to its 52-week performance, $270.73 and $151.52 were the 52-week high and 52-week low respectively. Overall, NICE moved -3.83% over the past month.

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NICE Ltd ADR’s market cap currently stands at around $10.75 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-May-09.

Analysts have a consensus estimate of 721.28M for the company’s revenue for the quarter, with a low and high estimate of 717.6M and 724.3M respectively. The average forecast suggests up to a 15.74% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.73B, representing a 14.83% jump on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that NICE is a Hold. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 9 recommend NICE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 2.38, with NICE’s current price about -4.80% and -0.80% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.93, while 7-day volatility ratio is 3.17% and 2.47% in the 30-day chart. Further, NICE Ltd ADR (NICE) has a beta value of 1.07, and an average true range (ATR) of 7.19. Analysts have given the company’s stock an average 52-week price target of $260, forecast between a low of $225 and high of $343. Looking at the price targets, the low is -31.53% off recent price level in today’s trading while to achieve the yearly target high, it has to move -100.51%. Nonetheless, investors will most likely welcome a -51.99% jump to $260 which is the analysts’ median price.

If we refocus on NICE Ltd ADR (NASDAQ:NICE), historical trading data shows that trading volumes averaged 0.62 over the past 10 days and 513.02K over the past 3 months. The company’s latest data on shares outstanding shows there are 62.87 million shares.

The 0.20% of NICE Ltd ADR’s shares are in the hands of company insiders while institutional holders own 66.02% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.12 million on 2024-10-31, giving us a short ratio of 4.74. The data shows that as of 2024-10-31 short interest in NICE Ltd ADR (NICE) stood at 338.00002000000006 of shares outstanding, with shares short falling to 2.18 million registered in 2024-09-30. Current price change has pushed the stock -14.26% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NICE stock continues to rise going into the next quarter.

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