National Cinemedia Inc [NCMI] stock prices are down -0.47% to $4.22 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NCMI shares have gain 9.75% over the last week, with a monthly amount glided 3.94%, and seem to be holding up well over a long-time horizon.
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On 18, March 2024, National CineMedia, Inc. Reports Results for Fiscal Fourth Quarter and Full Year 2023. In a post published today on Yahoo Finance, Fourth quarter revenue per attendee reaches record high.
From an analyst’s perspective:
Previously, B. Riley Securities reaffirmed its Neutral rating on January 03, 2023, and dropped its price target to $0.25. On October 12, 2022, B. Riley Securities reiterated its Neutral rating and revised its price target to $0.50 on the stock. B. Riley Securities downgraded its rating to a Neutral and decreased its price target to $1.50 on June 21, 2022. Wedbush upgraded its rating to a Outperform but $5 remained the price target by the analyst firm on November 04, 2021. The Benchmark Company upgraded its rating to Buy for this stock on April 07, 2021, but kept the price target unchanged to $6. In a note dated October 12, 2020, B. Riley Securities reiterated an Buy rating on this stock and revised its target price from $6 to $5.
The stock price of National Cinemedia Inc [NCMI] has been fluctuating between $1.01 and $6.49 over the past year. Currently, Wall Street analysts expect the stock to reach $4 within the next 12 months. National Cinemedia Inc [NASDAQ: NCMI] shares were valued at $4.22 at the most recent close of the market. An investor can expect a potential drop of -5.21% based on the average NCMI price forecast.
Analyzing the NCMI fundamentals
The National Cinemedia Inc [NASDAQ:NCMI] reported sales of 166.10M for trailing twelve months, representing a drop of -54.68%. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 4.11%, and Net Profit Margin reading is 4.03%. To continue investigating profitability, this company’s Return on Assets is posted at 1.24, Equity is -4.08 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.09 points at the first support level, and at 3.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.40, and for the 2nd resistance point, it is at 4.58.
National Cinemedia Inc [NCMI] reported earnings per share of -$0.34 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.14/share, meaning a difference of -$0.2 and a surprise factor of -142.90%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.7 per share as compared to estimates of -$0.95 per share, a difference of $0.25 representing a surprise of 26.30%.
Ratios To Look Out For
It’s worth pointing out that National Cinemedia Inc [NASDAQ:NCMI]’s Current Ratio is 2.00. Further, the Quick Ratio stands at 2.00, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 2.46, the price to book ratio is 1.00 and price to earnings (TTM) ratio is 0.73.
Transactions by insiders
Recent insider trading involved Felenstein Scott D, President – Sales & Marketing, that happened on Feb 26 ’24 when 4126.0 shares were sold. EVP, General Counsel, Woods Maria VG completed a deal on Feb 26 ’24 to sell 1517.0 shares. Meanwhile, Chief Financial Officer Ng Ronnie Y. sold 1275.0 shares on Feb 26 ’24.
