Ncino Inc. [NCNO] stock prices are up 0.89% to $32.95 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 NCNO shares have gain 7.68% over the last week, with a monthly amount glided 3.98%, and 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.
The stock price of Ncino Inc. [NCNO] has been fluctuating between $27.13 and $37.48 over the past year. Currently, Wall Street analysts expect the stock to reach $51.83 within the next 12 months. Ncino Inc. [NASDAQ: NCNO] shares were valued at $32.95 at the most recent close of the market. An investor can expect a potential return of 57.3% based on the average NCNO price forecast.
Analyzing the NCNO fundamentals
The Ncino Inc. [NASDAQ:NCNO] reported sales of 490.96M for trailing twelve months, representing a surge of 12.68%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.04 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
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 32.57 points at the first support level, and at 32.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.20, and for the 2nd resistance point, it is at 33.45.
Ratios To Look Out For
It’s worth pointing out that Ncino Inc. [NASDAQ:NCNO]’s Current Ratio is 1.02. Further, the Quick Ratio stands at 1.02, while the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 7.72, the price to book ratio is 3.54.
Transactions by insiders
Recent insider trading involved Rieger April, Chief Lgl. & Compl. Ofc., Sec., that happened on Jul 15 ’24 when 8856.0 shares were sold. Director, HORING JEFF completed a deal on Jul 11 ’24 to sell 6.22 million shares. Meanwhile, Director Insight Holdings Group, LLC sold 2.29 million shares on Jul 11 ’24.
