Is Ncino Inc (NASDAQ: NCNO) Proving The Doubters Wrong?

Ncino Inc (NCNO) concluded trading on Wednesday at a closing price of $34.38, with 6.1 million shares of worth about $209.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.84% during that period and on December 18, 2024 the price saw a loss of about -2.88%. Currently the company’s common shares owned by public are about 115.65M shares, out of which, 101.31M shares are available for trading.

Stock saw a price change of -5.58% in past 5 days and over the past one month there was a price change of -14.05%. Year-to-date (YTD), NCNO shares are showing a performance of 2.23% which increased to 9.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.09 but also hit the highest price of $43.20 during that period. The average intraday trading volume for Ncino Inc shares is 1.28 million. The stock is currently trading -11.60% below its 20-day simple moving average (SMA20), while that difference is down -10.50% for SMA50 and it goes to 3.83% higher than SMA200.

Ncino Inc (NASDAQ: NCNO) currently have 115.65M outstanding shares and institutions hold larger chunk of about 86.11% of that.

The stock has a current market capitalization of $3.98B and its 3Y-monthly beta is at 0.60. It has posted earnings per share of -$0.16 in the same period. It has Quick Ratio of 1.88 while making debt-to-equity ratio of 0.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NCNO, volatility over the week remained 3.54% while standing at 3.12% over the month.

Stock’s fiscal year EPS is expected to rise by 44.38% while it is estimated to increase by 22.32% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on December 16, 2024 offering a Buy rating for the stock and assigned a target price of $44 to it. Coverage by Needham stated Ncino Inc (NCNO) stock as a Buy in their note to investors on December 05, 2024, suggesting a price target of $45 for the stock. On December 05, 2024, Piper Sandler Downgrade their recommendations, while on September 03, 2024, Raymond James Upgrade their ratings for the stock with a price target of $38. Stock get a Buy rating from Goldman on August 14, 2024.

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