Ncino Inc. [NCNO] stock prices are up 2.80% to $30.88 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NCNO shares have gain 0.49% over the last week, with a monthly amount drifted -10.57%, 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 September 03, 2024, when Raymond James upgraded its rating to a Outperform but kept the price target unchanged to $38 for it. Previously, Goldman upgraded its rating to Buy on August 14, 2024, and elevated its price target to $42. On July 22, 2024, JMP Securities initiated with a Mkt Outperform rating and assigned a price target of $43 on the stock. Keefe Bruyette started tracking the stock assigning a Outperform rating and suggested a price target of $41 on April 09, 2024. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $27 on March 15, 2024. Piper Sandler upgraded its rating to Overweight for this stock on January 02, 2024, and upped its price target to $42. In a note dated October 02, 2023, Stephens downgraded an Equal-Weight rating on this stock but restated the target price of $34.
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 $41.89 within the next 12 months. Ncino Inc. [NASDAQ: NCNO] shares were valued at $30.88 at the most recent close of the market. An investor can expect a potential return of 35.65% based on the average NCNO price forecast.
Analyzing the NCNO fundamentals
The Ncino Inc. [NASDAQ:NCNO] reported sales of 506.12M for trailing twelve months, representing a surge of 12.94%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 30.41 points at the first support level, and at 29.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.16, and for the 2nd resistance point, it is at 31.43.
Ratios To Look Out For
It’s worth pointing out that Ncino Inc. [NASDAQ:NCNO]’s Current Ratio is 1.03. On the other hand, the Quick Ratio is 1.03, and the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 7.05, the price to book ratio is 3.32.
Transactions by insiders
Recent insider trading involved Rieger April, Chief Lgl. & Compl. Ofc., Sec., that happened on Sep 18 ’24 when 7833.0 shares were sold. Officer, Rieger April completed a deal on Sep 18 ’24 to buy 7833.0 shares. Meanwhile, Chief Lgl. & Compl. Ofc., Sec. Rieger April sold 6079.0 shares on Sep 13 ’24.
