Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Ncino Inc. (NASDAQ: NCNO) closed at $30.17 in the last session, up 0.03% from day before closing price of $30.16. In other words, the price has increased by $0.03 from its previous closing price. On the day, 0.76 million shares were traded. NCNO stock price reached its highest trading level at $30.65 during the session, while it also had its lowest trading level at $29.79.
Ratios:
We take a closer look at NCNO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.52. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Keefe Bruyette on April 09, 2024, initiated with a Outperform rating and assigned the stock a target price of $41.
On March 15, 2024, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight and also upped its target price recommendation from $24 to $27.
Piper Sandler Upgraded its Neutral to Overweight on January 02, 2024, whereas the target price for the stock was revised from $30 to $42.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 09 ’24 when RUH WILLIAM J sold 5,000 shares for $35.16 per share. The transaction valued at 175,784 led to the insider holds 246,201 shares of the business.
Sellers Jeanette sold 563 shares of NCNO for $19,947 on Apr 09 ’24. The VP of Accounting now owns 30,392 shares after completing the transaction at $35.43 per share. On Apr 08 ’24, another insider, Naude Pierre, who serves as the CEO of the company, sold 10,924 shares for $34.41 each. As a result, the insider received 375,928 and left with 1,159,395 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NCNO now has a Market Capitalization of 3445926912 and an Enterprise Value of 3411483136. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.23 while its Price-to-Book (P/B) ratio in mrq is 3.27. Its current Enterprise Value per Revenue stands at 7.159 whereas that against EBITDA is 289.55.
Stock Price History:
Over the past 52 weeks, NCNO has reached a high of $37.48, while it has fallen to a 52-week low of $21.26. The 50-Day Moving Average of the stock is -2.91%, while the 200-Day Moving Average is calculated to be -2.22%.
Shares Statistics:
According to the various share statistics, NCNO traded on average about 950.79K shares per day over the past 3-months and 1083120 shares per day over the past 10 days. A total of 113.68M shares are outstanding, with a floating share count of 75.09M. Insiders hold about 34.26% of the company’s shares, while institutions hold 55.96% stake in the company. Shares short for NCNO as of 1711584000 were 5594657 with a Short Ratio of 5.88, compared to 1709164800 on 4349697. Therefore, it implies a Short% of Shares Outstanding of 5594657 and a Short% of Float of 7.8.
