While Ncino Inc. has underperformed by -2.82%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NCNO rose by 39.57%, with highs and lows ranging from $37.48 to $21.26, whereas the simple moving average jumped by 11.01% in the last 200 days.
On March 15, 2024, Morgan Stanley Upgraded Ncino Inc. (NASDAQ: NCNO) to Equal-Weight. A report published by Piper Sandler on January 02, 2024, Upgraded its rating to ‘Overweight’ for NCNO. Stephens also Downgraded NCNO shares as ‘Equal-Weight’, setting a target price of $34 on the company’s shares in a report dated October 02, 2023. Robert W. Baird July 24, 2023d its ‘Outperform’ rating to ‘Neutral’ for NCNO, as published in its report on July 24, 2023. Goldman’s report from July 12, 2023 suggests a price prediction of $32 for NCNO shares, giving the stock a ‘Neutral’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
Analysis of Ncino Inc. (NCNO)
Further, the quarter-over-quarter increase in sales is 13.29%, showing a positive trend in the upcoming months.
One of the most important indicators of Ncino Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -4.08% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.12, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and NCNO is recording 882.51K average volume. On a monthly basis, the volatility of the stock is set at 3.05%, whereas on a weekly basis, it is put at 4.10%, with a loss of -4.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $36.44, showing growth from the present price of $34.11, which can serve as yet another indication of whether NCNO is worth investing in or should be passed over.
How Do You Analyze Ncino Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 43.09%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 55.95% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NCNO shares are owned by institutional investors to the tune of 55.95% at present.
