Ncino Inc. [NCNO] stock prices are up 2.54% to $32.35 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NCNO shares have gain 4.39% over the last week, with a monthly amount glided 3.27%, 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 July 22, 2024, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $43. Previously, Keefe Bruyette started tracking the stock with Outperform rating on April 09, 2024, and set its price target to $41. On March 15, 2024, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $27 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $42 on January 02, 2024. Stephens downgraded its rating to a Equal-Weight but $34 remained the price target by the analyst firm on October 02, 2023. Morgan Stanley downgraded its rating to Underweight for this stock on September 20, 2023, but kept the price target unchanged to $24. In a note dated July 24, 2023, Robert W. Baird downgraded an Neutral rating on this stock but restated the target price of $29.
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 $50.57 within the next 12 months. Ncino Inc. [NASDAQ: NCNO] shares were valued at $32.35 at the most recent close of the market. An investor can expect a potential return of 56.32% 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 31.92 points at the first support level, and at 31.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.57, and for the 2nd resistance point, it is at 32.79.
Ratios To Look Out For
It’s worth pointing out that Ncino Inc. [NASDAQ:NCNO]’s Current Ratio is 1.02. Also, the Quick Ratio is 1.02, while the Cash Ratio stands at 0.58. Considering the valuation of this stock, the price to sales ratio is 7.58, the price to book ratio is 3.48.
Transactions by insiders
Recent insider trading involved HORING JEFF, Director, that happened on Jul 31 ’24 when 45638.0 shares were sold. Director, Insight Holdings Group, LLC completed a deal on Jul 31 ’24 to sell 19524.0 shares. Meanwhile, Director Insight Holdings Group, LLC sold 16882.0 shares on Jul 31 ’24.
