Ncino Inc. [NCNO] stock is trading at $34.29, down -0.23%. 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 6.00% over the last week, with a monthly amount glided 3.47%, 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 August 14, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $42 from $34. Previously, JMP Securities started tracking the stock with Mkt Outperform rating on July 22, 2024, and set its price target to $43. On April 09, 2024, Keefe Bruyette initiated with a Outperform rating and assigned a price target of $41 on the stock. Morgan Stanley upgraded its rating to a Equal-Weight and increased its price target to $27 on March 15, 2024. Piper Sandler upgraded its rating to a Overweight and raised its price target to $42 on January 02, 2024. Stephens downgraded its rating to Equal-Weight for this stock on October 02, 2023, but kept the price target unchanged to $34. In a note dated September 20, 2023, Morgan Stanley downgraded an Underweight rating on this stock but restated the target price of $24.
Ncino Inc. [NCNO] stock has fluctuated between $27.13 and $37.48 over the past year. Currently, Wall Street analysts expect the stock to reach $49.5 within the next 12 months. Ncino Inc. [NASDAQ: NCNO] shares were valued at $34.29 at the most recent close of the market. An investor can expect a potential return of 44.36% based on the average NCNO price forecast.
Analyzing the NCNO fundamentals
Ncino Inc. [NASDAQ:NCNO] reported sales of 490.96M for the trailing twelve months, which represents a growth 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 33.99 points at the first support level, and at 33.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.50, and for the 2nd resistance point, it is at 34.72.
Ratios To Look Out For
For context, Ncino Inc.’s Current Ratio is 1.02. As well, the Quick Ratio is 1.02, while the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 8.04, the price to book ratio is 3.69.
Transactions by insiders
Recent insider trading involved HORING JEFF, Director, that happened on Aug 14 ’24 when 0.8 million shares were sold. Director, HORING JEFF completed a deal on Aug 15 ’24 to sell 0.64 million shares. Meanwhile, Director Insight Holdings Group, LLC sold 0.3 million shares on Aug 14 ’24.
