National Cinemedia Inc (NASDAQ: NCMI) stock fell -5.85% on Friday to $4.02 against a previous-day closing price of $4.27. With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.65 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $4.3200 whereas the lowest price it dropped to was $4.0000. The 52-week range on NCMI shows that it touched its highest point at $6.49 and its lowest point at $1.01 during that stretch. It currently has a 1-year price target of $5.50. Beta for the stock currently stands at 1.84.
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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 -4.51%, but this was up by 8.36% over a month. Three-month performance dropped to -4.51% while six-month performance rose 22.94%. The stock lost -30.69% in the past year, while it has gained 82.73% so far this year. A look at the trailing 12-month EPS for NCMI yields 5.79 with Next year EPS estimates of 0.14. For the next quarter, that number is 0.20. This implies an EPS growth rate of 128.16% for this year and -88.16% for next year.
Float and Shares Shorts:
At present, 96.78 million NCMI shares are outstanding with a float of 63.97 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.81 million, which was 2.90% higher than short shares on Sep 28, 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:
Other institutions hold 7.53% of NCMI, in contrast to 25.11% held by mutual funds. Shares owned by individuals account for 0.05%. As the largest shareholder in NCMI with 3.85% of the stake, JPMorgan Chase Bank, NA holds 3,725,395 shares worth 3,725,395. A second-largest stockholder of NCMI, Hotchkis & Wiley Capital Manageme, holds 3,494,547 shares, controlling over 3.61% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in NCMI, holding 3,450,850 shares or 3.57% stake. With a 2.08% stake in NCMI, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,010,420 shares are owned by the mutual fund manager. The American Beacon Small Cap Value F, which owns about 1.44% of NCMI stock, is the second-largest Mutual Fund holder. It holds 1,395,300 shares valued at 5.46 million. Vanguard Extended Market Index Fu holds 1.42% of the stake in NCMI, owning 1,377,770 shares worth 5.39 million.
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 $6.00 and a low target of $5.00, the average target price over the next 12 months is $5.50. Based on these targets, NCMI could surge 49.25% to reach the target high and rise by 24.38% to reach the target low. Reaching the average price target will result in a growth of 36.82% from current levels.
Dividends & Yield:
In terms of dividends, NCMI has a current ratio of $–, which is $– over the trailing 12-months, while a dividend of $3.77 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 $6.83. In the past year, NCMI’s dividend yield has been $6.83, but when looking at the stock over the past five years, its yield has been $16.21. Accordingly, NCMI has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $0.62 for the past five years.
Summary of Insider Activity:
Insiders traded NCMI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 84,957,200 while 146,940 shares were sold.
