National CineMedia Inc. (NASDAQ: NCMI) stock jumped 4.39% on Thursday to $0.31 against a previous-day closing price of $0.30. With 0.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 14.06 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $0.3200 whereas the lowest price it dropped to was $0.3000. The 52-week range on NCMI shows that it touched its highest point at $1.85 and its lowest point at $0.10 during that stretch. With its current market cap of 53.01 million, NCMI has annualized dividend of $0.12 while the current yield stands at 38.56%. Beta for the stock currently stands at 1.87.
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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 NCMI was down-trending over the past week, with a drop of -2.75%, but this was up by 30.26% over a month. Three-month performance surged to 40.81% while six-month performance fell -26.13%. The stock lost -71.96% in the past year, while it has gained 41.45% so far this year. A look at the trailing 12-month EPS for NCMI yields -0.36 with Next year EPS estimates of -0.01. For the next quarter, that number is -0.19. This implies an EPS growth rate of 42.60% for this year and 98.10% for next year. EPS is expected to decline by -6.33% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -23.80%.
Float and Shares Shorts:
At present, 145.51 million NCMI shares are outstanding with a float of 73.65 million shares on hand for trading. On May 14, 2023, short shares totaled 9.42 million, which was 5.41% higher than short shares on Apr 13, 2023. In addition to Mr. Thomas F. Lesinski as the firm’s CEO & Director, Mr. Ronnie Y. Ng serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 16.25% of NCMI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 37.66% of NCMI, in contrast to 12.72% held by mutual funds. Shares owned by individuals account for 0.53%. As the largest shareholder in NCMI with 7.43% of the stake, Standard General LP holds 12,932,382 shares worth 12,932,382. A second-largest stockholder of NCMI, Millennium Management LLC, holds 2,522,908 shares, controlling over 1.45% of the firm’s shares. Zazove Associates LLC is the third largest shareholder in NCMI, holding 1,264,938 shares or 0.73% stake. With a 0.13% stake in NCMI, the Fidelity Extended Market Index Fu is the largest stakeholder. A total of 224,162 shares are owned by the mutual fund manager. The Bridgeway Ultra Small Company Mar, which owns about 0.12% of NCMI stock, is the second-largest Mutual Fund holder. It holds 200,000 shares valued at 59400.0. Fidelity Total Market Index Fund holds 0.06% of the stake in NCMI, owning 107,997 shares worth 32075.0.
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 Mar 29, 2023, NCMI reported revenue of $67.10M and operating income of $5.60M. The EBITDA in the recently reported quarter was $13.60M and diluted EPS was -$0.01.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NCMI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NCMI analysts setting a high price target of $0.50 and a low target of $0.50, the average target price over the next 12 months is $0.50. Based on these targets, NCMI could surge 61.29% to reach the target high and rise by 61.29% to reach the target low. Reaching the average price target will result in a growth of 61.29% 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.
Dividends & Yield:
In terms of dividends, NCMI has a current ratio of $0.12, which is $0.12 over the trailing 12-months, while a dividend of $0.44 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NCMI currently yields $19.28. In the past year, NCMI’s dividend yield has been $19.28, but when looking at the stock over the past five years, its yield has been $15.79. Accordingly, NCMI has a current buyback yield of $0.0. This was $0.0 for the TTM, and it was $0.65 for the past five years.
Summary of Insider Activity:
Insiders traded NCMI stock several times over the past three months with 3 Buys and 3 Sells. In these transactions, 1,776,550 shares were bought while 45,540 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 85,166,688 while 4,737,503 shares were sold.
