Ncino Inc (NASDAQ:NCNO) price on Friday, December 27, fall -2.85% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $34.43.
A look at the stock’s price movement, the close in the last trading session was $35.44, moving within a range at $34.24 and $35.52. The beta value (5-Year monthly) was 0.55. Turning to its 52-week performance, $43.20 and $28.09 were the 52-week high and 52-week low respectively. Overall, NCNO moved -18.51% over the past month.
Ncino Inc’s market cap currently stands at around $3.99 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 140.87M for the company’s revenue for the quarter, with a low and high estimate of 140M and 141.94M respectively. The average forecast suggests up to a 13.89% 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 540.2M, representing a 13.36% 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 NCNO is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
6 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, 6 recommend NCNO 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.
NCNO’s current price about -6.89% and -10.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.12, while 7-day volatility ratio is 3.30% and 3.43% in the 30-day chart. Further, Ncino Inc (NCNO) has a beta value of 0.61, and an average true range (ATR) of 1.25. Analysts have given the company’s stock an average 52-week price target of $42, forecast between a low of $38 and high of $45. Looking at the price targets, the low is -10.37% off current price level while to achieve the yearly target high, price needs to move -30.7%. Nonetheless, investors will most likely welcome a -21.99% jump to $42 which is the analysts’ median price.
If we refocus on Ncino Inc (NASDAQ:NCNO), historical trading data shows that trading volumes averaged 1.67 over the past 10 days and 1.35 million over the past 3 months. The company’s latest data on shares outstanding shows there are 115.65 million shares.
The 13.11% of Ncino Inc’s shares are in the hands of company insiders while institutional holders own 86.11% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.26 million on 2024-11-15, giving us a short ratio of 4.04. The data shows that as of 2024-11-15 short interest in Ncino Inc (NCNO) stood at 962.9999999999999 of shares outstanding, with shares short falling to 6.48 million registered in 2024-10-15. Current price change has pushed the stock 2.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NCNO stock continues to rise going into the next quarter.
