N-able Inc. (NYSE:NABL) currently has a daily average trading volume of 723.56K but it saw 852473 shares traded on Thursday. With a market cap of 2.57B USD, stock’s current market price of $14.13 came falling about -7.22 while comparing to the previous closing price of $15.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.44 and as low as $8.43. In the recent trading on the day, stock has struck highest price mark of $14.41 while lowest mark touched by it was $13.94.
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Taking a look at 20-day trading activity of N-able Inc. (NABL) gives us an average price of $13.76, while its current price level is -8.48% below from 52-week high level whereas it is 67.62% 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 $13.23 while that of 200 days or SMA-200 reads an average of $11.18. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.38% during that period while stretching the period over a month that increases to 2.90%. 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 54.31 which implies that the stock is in neutral territory.
N-able Inc. (NABL)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $14.00 and $16.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $14.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $16.00. Average price target assigned by them is $15.13 which highlights an upside potential of 6.61% for the stock over that period. And to attain the median price target of $15.25 assigned by those analysts, stock has to add about 7.34% of value to its current levels.
Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, NABL’s stock price is moving -6.05% down while it is 10.65% when we observe its performance for the past one month. Year-to-date it is 37.45% up and over the past year, the stock is showing an upside performance of 49.68%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.08 beat the consensus estimate of $0.07 for the same. For NABL, analysts are forecasting an EPS-growth rate of -8.80% for current year and estimate for EPS growth in next year is 12.90%. In next quarter, company is expected to be making quarterly sales of $105.01 million as analysts are expecting the sales for current fiscal year at $415.73 million and seeing the company making $460.93 million in sales next year. Moreover, analysts are in estimates of $102.85 million for current-quarter revenue.
Currently, N-able Inc.’s total number of outstanding shares is 181.44M with 0.87% of that held by the insiders while 98.75% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.40% and return on equity (ROE) at 2.40%. It has a price to earnings ratio (P/E ratio) of 170.24 while having a 40.14 of forward P/E ratio. Stock has a price to book (P/B) ratio of 3.90 while price to sale or P/S ratio amounts to 6.74. Its return on asset (ROA) is 1.40% on average.
As per SEC documents, Canada Pension Plan shunned 17,793,000 of company’s common stock of worth $226.86 million as per recent closing price of the stock. Canada Pension Plan is not the only institutional holder which restructured its stake in N-able Inc., as iShares Core S&P Small Cap ETF dumped 4,845,441 shares of worth $61.78 million to bring its holdings to a total of 7769.0 shares. In the most recent quarter, Vanguard Explorer Fund came cutting its stake by -3.93% in the company and now holds 3.74 million or 2.06% of the company’s stake having worth of about 47.71 million.
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