nCino Inc. (NASDAQ:NCNO) currently has a daily average trading volume of 702.48K but it saw 1706525 shares traded on Thursday. With a market cap of 2.80B USD, stock’s current market price of $23.64 came rising about 6.68 while comparing to the previous closing price of $22.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $47.97 and as low as $19.58. In the recent trading on the day, stock has struck highest price mark of $23.71 while lowest mark touched by it was $21.57.
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Taking a look at 20-day trading activity of nCino Inc. (NCNO) gives us an average price of $26.03, while its current price level is -50.72% below from 52-week high level whereas it is 20.74% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $27.16 while that of 200 days or SMA-200 reads an average of $30.24. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.40% during that period while stretching the period over a month that decreases to 5.56%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.53 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Piper Sandler which downgraded the stock as “Neutral” in its note to investors issued on March 14, 2023, recommending a price target of between $30 and $22 for it. Robert W. Baird upgraded its recommendation for the stock as a “Outperform” from “Neutral” on December 14, 2022 while assigning a price target of $35. Macquarie issued its recommendations for the stock as it resumed the price target for the stock is $42.
Over the week, NCNO’s stock price is moving -4.21% down while it is -19.40% when we observe its performance for the past one month. Year-to-date it is -10.59% down and over the past year, the stock is showing a downside performance of -38.93%.
The latest quarterly earnings report issued by the company was for quarter ended 10/30/2022, when its quarterly earnings per share (EPS) of -$0.01 beat the consensus estimate of -$0.02 for the same. For NCNO, analysts are forecasting an EPS-growth rate of 20.00% for current year and estimate for EPS growth in next year is 318.80%. In next quarter, company is expected to be making quarterly sales of $112.03 million as analysts are expecting the sales for current fiscal year at $403.67 million and seeing the company making $481.42 million in sales next year. Moreover, analysts are in estimates of $104.54 million for current-quarter revenue.
Currently, nCino Inc.’s total number of outstanding shares is 110.90M with 1.69% of that held by the insiders while 61.88% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -4.30% and return on equity (ROE) at -8.50%. It has a 66.78 of forward P/E ratio. Stock has a price to book (P/B) ratio of 2.54 while price to sale or P/S ratio amounts to 7.49. Its return on asset (ROA) is -6.80% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Virtus KAR Small Cap Growth Fund came shrinking its share ownership by -8.99% in the nCino Inc. (NCNO) decreasing its stake to 2.60% with control over -0.29 million shares in the company. As per SEC documents, Virtus KAR Small Cap Growth Fund sought 2,889,302 of company’s common stock of worth $78.73 million as per recent closing price of the stock. Virtus KAR Small Cap Growth Fund is not the only institutional holder which restructured its stake in nCino Inc., as Brown Capital Management – Small picked 2,433,491 shares of worth $66.31 million to bring its holdings to a total of 0.55 million shares. In the most recent quarter, Vanguard Total Stock Market Index came rising its stake by 0.19% in the company and now holds 2.22 million or 2.00% of the company’s stake having worth of about 60.49 million.
