noco-noco Inc (NASDAQ: NCNC) stock fell -4.89% on Monday to $0.25 against a previous-day closing price of $0.27. With 0.99 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.26 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.2800 whereas the lowest price it dropped to was $0.2502. The 52-week range on NCNC shows that it touched its highest point at $11.42 and its lowest point at $0.22 during that stretch. Beta for the stock currently stands at 1.16.
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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 NCNC was up-trending over the past week, with a rise of 11.31%, but this was down by -38.89% over a month. Three-month performance dropped to -96.53% while six-month performance fell -97.57%. The stock lost -97.43% in the past year, while it has lost -97.49% so far this year.
Float and Shares Shorts:
At present, 132.44 million NCNC shares are outstanding with a float of 29.54 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.44 million, which was 0.33% higher than short shares on Sep 28, 2023. In addition to Mr. Masataka Matsumura as the firm’s CEO & Director, Mr. Wee Kiat Ng serves as its Chief Financial Officer.
Institutional Ownership:
Other institutions hold 1.52% of NCNC, in contrast to 0.33% held by mutual funds. As the largest shareholder in NCNC with 1.51% of the stake, Meteora Capital LLC holds 2,000,928 shares worth 2,000,928. A second-largest stockholder of NCNC, Millennium Management LLC, holds 110,795 shares, controlling over 0.08% of the firm’s shares. Saba Capital Management LP is the third largest shareholder in NCNC, holding 62,500 shares or 0.05% stake. With a 0.26% stake in NCNC, the Merger Fund is the largest stakeholder. A total of 346,244 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.03% of NCNC stock, is the second-largest Mutual Fund holder. It holds 42,561 shares valued at 15833.0. Virtus Westchester Event Driven F holds 0.03% of the stake in NCNC, owning 34,859 shares worth 12968.0.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NCNC 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.
