Stock Market Recap: noco-noco Inc (NCNC) Concludes at 0.18, a -6.92 Surge/Decline

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After finishing at $0.20 in the prior trading day, noco-noco Inc (NASDAQ: NCNC) closed at $0.18, down -6.92%. In other words, the price has decreased by -$6.92 from its previous closing price. On the day, 0.8 million shares were traded. NCNC stock price reached its highest trading level at $0.1998 during the session, while it also had its lowest trading level at $0.1737.

Ratios:

Our goal is to gain a better understanding of NCNC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 14.21 and its Current Ratio is at 14.21. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NCNC now has a Market Capitalization of 24594088 and an Enterprise Value of 26280912. As of this moment, noco-noco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.79.

Stock Price History:

The Beta on a monthly basis for NCNC is 1.35, which has changed by -0.9814551 over the last 52 weeks, in comparison to a change of 0.25590587 over the same period for the S&P500. Over the past 52 weeks, NCNC has reached a high of $11.42, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is -23.07%, while the 200-Day Moving Average is calculated to be -87.65%.

Shares Statistics:

The stock has traded on average 506.19K shares per day over the past 3-months and 134380 shares per day over the last 10 days, according to various share statistics. A total of 135.43M shares are outstanding, with a floating share count of 80.00M. Insiders hold about 40.93% of the company’s shares, while institutions hold 0.75% stake in the company. Shares short for NCNC as of 1713139200 were 62505 with a Short Ratio of 0.12, compared to 1710460800 on 159888. Therefore, it implies a Short% of Shares Outstanding of 62505 and a Short% of Float of 0.08.

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