At the time of writing, Ncino Inc. [NCNO] stock is trading at $37.83, down -1.10%. 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 3.42% over the last week, with a monthly amount glided 22.51%, 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 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.
For the past year, the stock price of Ncino Inc. fluctuated between $27.27 and $38.33. Currently, Wall Street analysts expect the stock to reach $39 within the next 12 months. Ncino Inc. [NASDAQ: NCNO] shares were valued at $37.83 at the most recent close of the market. An investor can expect a potential return of 3.09% based on the average NCNO price forecast.
Analyzing the NCNO fundamentals
According to Ncino Inc. [NASDAQ:NCNO], the company’s sales were 506.12M for trailing twelve months, which represents an 12.94% jump. 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 37.45 points at the first support level, and at 37.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.34, and for the 2nd resistance point, it is at 38.86.
Ratios To Look Out For
It is important to note that Ncino Inc. [NASDAQ:NCNO] has a current ratio of 1.03. Also, the Quick Ratio is 1.03, while the Cash Ratio stands at 0.6. Considering the valuation of this stock, the price to sales ratio is 8.64, the price to book ratio is 4.06.
Transactions by insiders
Recent insider trading involved RUH WILLIAM J, Director, that happened on Oct 21 ’24 when 10000.0 shares were sold. Director, HORING JEFF completed a deal on Oct 18 ’24 to sell 1.83 million shares. Meanwhile, Director Insight Holdings Group, LLC sold 0.68 million shares on Oct 18 ’24.
