National Cinemedia Inc (NCMI) stock forecast: Can it reach its 52-week high of $5.75

A share price of National Cinemedia Inc [NCMI] is currently trading at $5.50, up 7.42%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NCMI shares have gain 11.34% over the last week, with a monthly amount glided 19.83%, and seem to be holding up well over a long-time horizon.

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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 experienced fluctuations in its stock price throughout the past year between $2.57 and $5.75. 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 $5.50 at the most recent close of the market. An investor can expect a potential return of 22.73% based on the average NCMI price forecast.

Analyzing the NCMI fundamentals

Trailing Twelve Months sales for National Cinemedia Inc [NASDAQ:NCMI] were 167.80M which represents 7.16% growth. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at 4.27%, and Net Profit Margin reading is 4.27%. To continue investigating profitability, this company’s Return on Assets is posted at 1.33, Equity is 2.33 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.

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 5.24 points at the first support level, and at 4.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.64, and for the 2nd resistance point, it is at 5.77.

Ratios To Look Out For

To put it in perspective, the Current Ratio for National Cinemedia Inc [NASDAQ:NCMI] is 2.76. In addition, the Quick Ratio stands at 2.76 and the Cash Ratio stands at 1.41. Considering the valuation of this stock, the price to sales ratio is 3.17, the price to book ratio is 1.33 and price to earnings (TTM) ratio is 0.93.

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.

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