After finishing at $35.10 in the prior trading day, Ncino Inc. (NASDAQ: NCNO) closed at $34.11, down -2.82%. In other words, the price has decreased by -$0.99 from its previous closing price. On the day, 1073551 shares were traded.
Ratios:
Our goal is to gain a better understanding of NCNO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 72.95. 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 the company, Morgan Stanley on March 15, 2024, Upgraded its rating to Equal-Weight and sets its target price to $27 from $24 previously.
On January 02, 2024, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $30 to $42.
Stephens Downgraded its Overweight to Equal-Weight on October 02, 2023, while the target price for the stock was maintained at $34.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 02 ’24 when Lake Spencer sold 10,000 shares for $34.55 per share. The transaction valued at 345,491 led to the insider holds 12,791 shares of the business.
HORING JEFF sold 5,100,000 shares of NCNO for $179,520,000 on Apr 01 ’24. The Director now owns 34,023,014 shares after completing the transaction at $35.20 per share. On Apr 01 ’24, another insider, Insight Holdings Group, LLC, who serves as the Director of the company, sold 2,181,744 shares for $35.20 each. As a result, the insider received 76,797,389 and left with 178,980 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 3.90B and an Enterprise Value of 3.86B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.18 while its Price-to-Book (P/B) ratio in mrq is 3.70. Its current Enterprise Value per Revenue stands at 8.10 whereas that against EBITDA is 516.96.
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 31.00, while the 200-Day Moving Average is calculated to be 30.73.
Shares Statistics:
The stock has traded on average 882.51K shares per day over the past 3-months and 2.03M shares per day over the last 10 days, according to various share statistics. A total of 113.68M shares are outstanding, with a floating share count of 65.00M. Insiders hold about 43.09% of the company’s shares, while institutions hold 55.95% stake in the company. Shares short for NCNO as of Mar 15, 2024 were 4.53M with a Short Ratio of 5.13, compared to 4.12M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.98% and a Short% of Float of 6.36%.
Earnings Estimates
Its stock is currently analyzed by 13 different market analysts. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.14 and a low estimate of $0.12, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.14, with high estimates of $0.16 and low estimates of $0.11.
Analysts are recommending an EPS of between $0.64 and $0.61 for the fiscal current year, implying an average EPS of $0.63. EPS for the following year is $0.84, with 13 analysts recommending between $1.01 and $0.74.
Revenue Estimates
A total of 14 analysts have provided revenue estimates for NCNO’s current fiscal year. The highest revenue estimate was $543.59M, while the lowest revenue estimate was $539.14M, resulting in an average revenue estimate of $541.55M. In the same quarter a year ago, actual revenue was $476.54M, up 13.60% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $632.85M in the next fiscal year. The high estimate is $707.66M and the low estimate is $618M. The average revenue growth estimate for next year is up 16.90% from the average revenue estimate for this year.
