Investors may find better financial performance in Ncino Inc. (NCNO)

A share price of Ncino Inc. [NCNO] is currently trading at $30.71, up 2.30%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NCNO shares have gain 3.12% over the last week, with a monthly amount drifted -12.51%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Ncino Inc. [NASDAQ: NCNO] stock has seen the most recent analyst activity on April 09, 2024, when Keefe Bruyette initiated its Outperform rating and assigned the stock a price target of $41. Previously, Morgan Stanley upgraded its rating to Equal-Weight on March 15, 2024, and elevated its price target to $27. On January 02, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $42 on the stock. Stephens downgraded its rating to a Equal-Weight but stick to its price target of $34 on October 02, 2023. Morgan Stanley downgraded its rating to a Underweight but $24 remained the price target by the analyst firm on September 20, 2023. Robert W. Baird downgraded its rating to Neutral for this stock on July 24, 2023, but kept the price target unchanged to $29. In a note dated July 12, 2023, Goldman initiated an Neutral rating and provided a target price of $32 on this stock.

Ncino Inc. experienced fluctuations in its stock price throughout the past year between $21.26 and $37.48. Currently, Wall Street analysts expect the stock to reach $52.33 within the next 12 months. Ncino Inc. [NASDAQ: NCNO] shares were valued at $30.71 at the most recent close of the market. An investor can expect a potential return of 70.4% based on the average NCNO price forecast.

Analyzing the NCNO fundamentals

Trailing Twelve Months sales for Ncino Inc. [NASDAQ:NCNO] were 476.54M which represents 13.29% growth. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.05 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.

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 30.19 points at the first support level, and at 29.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.10, and for the 2nd resistance point, it is at 31.50.

Ncino Inc. [NCNO] reported earnings per share of $0.21 for its fiscal quarter that ended on 1/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of $0.09 and a surprise factor of 75.00%. By comparison, the stated earnings for the previous quarter ended on 10/31/2023 were $0.14 per share as compared to estimates of $0.11 per share, a difference of $0.03 representing a surprise of 27.30%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Ncino Inc. [NASDAQ:NCNO] is 1.12. As well, the Quick Ratio is 1.12, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 7.36, the price to book ratio is 3.33.

Transactions by insiders

Recent insider trading involved RUH WILLIAM J, Director, that happened on Apr 09 ’24 when 5000.0 shares were sold. VP of Accounting, Sellers Jeanette completed a deal on Apr 09 ’24 to sell 563.0 shares. Meanwhile, CEO Naude Pierre sold 10924.0 shares on Apr 08 ’24.

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