National Cinemedia Inc [NCMI] stock is trading at $5.61, up 4.28%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NCMI shares have gain 6.35% over the last week, with a monthly amount glided 35.18%, 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:
National Cinemedia Inc [NASDAQ: NCMI] stock has seen the most recent analyst activity on March 19, 2024, when B. Riley Securities upgraded its rating to a Buy and also boosted its price target to $6.75 from $4.50. On January 03, 2023, B. Riley Securities reiterated its Neutral rating and revised its price target to $0.25 on the stock. B. Riley Securities reiterated its Neutral rating and decreased its price target to $0.50 on October 12, 2022. B. Riley Securities downgraded its rating to a Neutral and reduced its price target to $1.50 on June 21, 2022. Wedbush upgraded its rating to Outperform for this stock on November 04, 2021, but kept the price target unchanged to $5. In a note dated April 07, 2021, The Benchmark Company upgraded an Buy rating on this stock but restated the target price of $6.
National Cinemedia Inc [NCMI] stock has fluctuated between $1.26 and $6.49 over the past year. Currently, Wall Street analysts expect the stock to reach $6.75 within the next 12 months. National Cinemedia Inc [NASDAQ: NCMI] shares were valued at $5.61 at the most recent close of the market. An investor can expect a potential return of 20.32% based on the average NCMI price forecast.
Analyzing the NCMI fundamentals
National Cinemedia Inc [NASDAQ:NCMI] reported sales of 165.30M for the trailing twelve months, which represents a drop of -0.87%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at 4.22%, and Net Profit Margin reading is 4.27%. To continue investigating profitability, this company’s Return on Assets is posted at 1.24, Equity is 9.64 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 5.36 points at the first support level, and at 5.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.78, and for the 2nd resistance point, it is at 5.94.
National Cinemedia Inc [NCMI] reported earnings per share of $0.24 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.08/share, meaning a difference of $0.16 and a surprise factor of 200.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.34 per share as compared to estimates of -$0.14 per share, a difference of -$0.2 representing a surprise of -142.90%.
Ratios To Look Out For
For context, National Cinemedia Inc’s Current Ratio is 2.46. Also, the Quick Ratio is 2.46, while the Cash Ratio stands at 0.64. Considering the valuation of this stock, the price to sales ratio is 3.29, the price to book ratio is 1.25 and price to earnings (TTM) ratio is 0.94.
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.
