Luminus Management LLC has recently announced that it has increased stake in Nogin Inc (NASDAQ:NOGN) by 12.45%. After grabbing 0.31 million shares, the institutional investor is now in possession of 34241.0 shares of the Technology Company. The new investment brought the stake of investor firm to 2.74% having worth around $63704.0.
Nogin Inc (NOGN) concluded trading on December 20, 2023 at a closing price of $0.11, with 4.11 million shares of worth about $0.45 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -91.70% during that period and On Wednesday the price saw a loss of about -30.72%. Currently the company’s common shares owned by public are about 11.29M shares, out of which, 7.43M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Fidelity Extended Market Index Fu, EHP Global Arbitrage Alternative, and Fidelity Nasdaq Composite Index F are the top 3 mutual funds which are holding stakes in Nogin Inc Fidelity Extended Market Index Fu is currently holding 38535.0 shares of worth totaling $7938.0. The company recently came buying 0.0 shares which brought its stake up to 0.34% of the company’s outstanding shares. Fidelity Nasdaq Composite Index F, after buying 691.0 shares, have now control over 0.01% of the stake in the company. It holds 0.0 shares of worth $142.0.
However, the stock later moved at a day high price of 0.1300, or with a loss of -30.72%. Stock saw a price change of -24.00% in past 5 days and over the past one month there was a price change of -64.07%. Year-to-date (YTD), NOGN shares are showing a performance of -99.27% which decreased to -99.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.11 but also hit the highest price of $19.40 during that period. The average intraday trading volume for Nogin Inc shares is 1.11 million. The stock is currently trading -43.42% below its 20-day simple moving average (SMA20), while that difference is down -61.40% for SMA50 and it goes to -92.87% lower than SMA200.
Luminus Management LLC acquired 0.31 million shares of Nogin Inc having value of about $63704.0. Data submitted at the U.S SEC by Luminus Management LLC revealed that the firm now holds 34241.0 shares in the company valued at close to $3766.51, or have control over 12.45% stake in the company. Nogin Inc (NASDAQ: NOGN) currently have 11.29M outstanding shares and institutions hold larger chunk of about 21.13% of that. Holding of mutual funds in the company is about 18.02% while other institutional holders and individual stake holders have control over 26.73% and 0.36% of the stake respectively.
The stock has a current market capitalization of $1.27M and its 3Y-monthly beta is at 0.28. It has posted earnings per share of -$5.40 in the same period. It has Quick Ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NOGN, volatility over the week remained 29.07% while standing at 28.32% over the month.
Analysts are in expectations that Nogin Inc (NOGN) stock would likely to be making an EPS of -$0.17 in the current quarter, while forecast for next quarter EPS is -$0.3 and it is -$0.02 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.17 which is -$0.17 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.6 in the same quarter a year ago.
