Check Out NCR Corporation (NCR)’s Trade Data Rather Than the Analysts’ Views

NCR Corporation (NYSE: NCR) stock jumped 0.09% on Friday to $34.08 against a previous-day closing price of $34.05. With 3.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.25 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $34.56 whereas the lowest price it dropped to was $33.12. The 52-week range on NCR shows that it touched its highest point at $45.92 and its lowest point at $27.05 during that stretch. It currently has a 1-year price target of $41.71. Beta for the stock currently stands at 1.55.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NCR was up-trending over the past week, with a rise of 4.16%, but this was up by 13.00% over a month. Three-month performance dropped to -5.33% while six-month performance fell -11.76%. The stock lost -15.24% in the past year, while it has lost -15.22% so far this year. A look at the trailing 12-month EPS for NCR yields 0.42 with Next year EPS estimates of 3.56. For the next quarter, that number is 0.81. This implies an EPS growth rate of 296.90% for this year and 28.82% for next year. EPS is expected to grow by 4.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -17.10%.

Float and Shares Shorts:

At present, 135.70 million NCR shares are outstanding with a float of 131.55 million shares on hand for trading. On Jul 14, 2022, short shares totaled 13.47 million, which was 9.84% higher than short shares on Jun 14, 2022. In addition to Mr. Frank R. Martire Jr. as the firm’s Exec. Chairman, Mr. Michael Dale Hayford CPA serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 91.24% of NCR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.90% of NCR, in contrast to 43.17% held by mutual funds. Shares owned by individuals account for 14.71%. As the largest shareholder in NCR with 9.12% of the stake, The Vanguard Group, Inc. holds 12,458,999 shares worth 12,458,999. A second-largest stockholder of NCR, BlackRock Fund Advisors, holds 10,432,238 shares, controlling over 7.64% of the firm’s shares. Allspring Global Investments LLC is the third largest shareholder in NCR, holding 6,103,104 shares or 4.47% stake. With a 3.64% stake in NCR, the Allspring Special Mid Cap Value F is the largest stakeholder. A total of 4,971,500 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.88% of NCR stock, is the second-largest Mutual Fund holder. It holds 3,931,036 shares valued at 122.29 million. Vanguard Total Stock Market Index holds 2.65% of the stake in NCR, owning 3,617,349 shares worth 112.54 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2022, NCR reported revenue of $2.00B and operating income of $103.00M. Over the past year, revenue came in at $7.80B while operating income stood at $416.00M. It generated $41.00M net income for the quarter, which came to $83.00M over the last twelve months. The EBITDA in the recently reported quarter was $263.00M and diluted EPS was $0.26. EBITDA for the full year was $1.16B.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NCR since 8 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NCR analysts setting a high price target of $45.00 and a low target of $35.00, the average target price over the next 12 months is $40.86. Based on these targets, NCR could surge 32.04% to reach the target high and rise by 2.7% to reach the target low. Reaching the average price target will result in a growth of 19.89% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NCR will report FY 2022 earnings on 02/09/2023. Analysts have provided yearly estimates in a range of $2.95 being high and $2.73 being low. For NCR, this leads to a yearly average estimate of $2.80. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. NCR Corporation surprised analysts by $0.11 when it reported $0.71 EPS against a consensus estimate of $0.60. The surprise factor in the prior quarter was -$0.30. Based on analyst estimates, the high estimate for the next quarter is $0.91 and the low estimate is $0.75. The average estimate for the next quarter is thus $0.80.

Summary of Insider Activity:

Insiders traded NCR stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 864 shares were bought while 0 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 28 over the past year. The total number of shares bought during that period was 605,433 while 555,507 shares were sold.

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