With 2.52 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.13 million shares. The 52-week range on NCNO shows that it touched its highest point at $43.20 and its lowest point at $18.75 during that stretch. It currently has a 1-year price target of $25.93. Beta for the stock currently stands at 0.71.
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 NCNO was up-trending over the past week, with a rise of 3.94%, but this was up by 7.80% over a month. Three-month performance dropped to -26.75% while six-month performance fell -35.44%. The stock lost -23.00% in the past year, while it has lost -29.21% so far this year. A look at the trailing 12-month EPS for NCNO yields -0.33 with Next year EPS estimates of 0.86. For the next quarter, that number is 0.15. This implies an EPS growth rate of 6.39% for this year and 24.75% for next year. EPS is expected to grow by 17.23% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -1.33%.
Float and Shares Shorts:
At present, 116.00 million NCNO shares are outstanding with a float of 105.32 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NCNO since 6 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.4275 being high and $0.40762 being low. For NCNO, this leads to a yearly average estimate of $0.41756. Based on analyst estimates, the high estimate for the next quarter is $0.17 and the low estimate is $0.14. The average estimate for the next quarter is thus $0.15.
