Nuance Communications Inc. (NASDAQ:NUAN) saw a downside of -0.05% to close Tuesday at $55.08 after subtracting -$0.03 on the day. The 5-day average trading volume is 3,420,440 shares of the company’s common stock. It has gained $55.33 in the past week. An average of 3,283,500 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,924,944.
NUAN’s 1-month performance is -0.24% or -$0.13 on its low of $54.90 reached on 09/29/21. The company’s shares have touched a 52-week low of $31.05 and high of $55.35, with the stock’s rally to the 52-week high happening on 09/16/21. YTD, NUAN has achieved 24.93% or $10.99. However, the current price is down -0.49%% from the 52-week high price.
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On Sep 14, 29 days have gone by since the last insider trading activity for Nuance Communications Inc. (NUAN). CARNEY LLOYD (Director) most recently sold 11,820 shares at $55.21 per share on Sep 14. This transaction cost the insider $652,614. EVP & Chief Financial Officer, Tempesta Daniel David, sold 12,300 shares at a price of $55.19 on Sep 10. Then, on Aug 24, EVP & GM, Enterprise Division WEIDEMAN ROBERT sold 215,838 shares at a price of $55.06 per share. This transaction amounted to $11,883,738.
Nuance Communications Inc. (NUAN) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.86 for the sector. The company’s PE ratio for the last five years has touched a high of 2748.00 and a low of 16.88. NUAN stock has a beta of 1.21. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.56 while the price-to-book (PB) in the most recent quarter is 9.56, with the price to cash flow ratio at 79.74.
Nuance Communications Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.70 meaning that NUAN stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.29, while the total debt to equity was 0.57. In terms of profitability, the gross margin trailing 12 months is 60.80%. The trailing 12-month EBITDA margin is 16.88% while for the period ending June 29; Nuance Communications Inc.’s operating margin was 6.50%. The firm’s gross profit as reported stood at $839.96 million against revenue of $1.48 billion.
For the quarterly period ending June 29 this year, Nuance Communications Inc.’s cash and short-term investments amounted to $65.16 million against total debt of $1.08 billion. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected NUAN to announce $0.17 per share in earnings in its latest quarter, but it posted $0.16, representing a -5.90% surprise. EBITDA for the quarter stood at more than $29.73 million. NUAN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.83 billion, with total debt at $1.08 billion. Shareholders hold equity totaling $314.52 million
Let’s look briefly at Nuance Communications Inc. (NUAN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 46.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 4.72%.
The stock’s 5-day moving average is $55.15, reflecting a -0.38% or -$0.21 change from its current price. NUAN is currently trading -0.29% above its 20-day SMA, +3.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +0.11% and +25.93% respectively.
Stochastic %K and %D was 54.26% and 64.30% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 48.20%, while the 14-day stochastic is at 41.86% with the period’s ATR at 0.17. The stock’s 9-day MACD Oscillator is pointing at -0.02 and 0.00 on the 14-day charts.
In the most recent analyst report for Nuance Communications Inc. (NASDAQ: NUAN), Guggenheim upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for NUAN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NUAN as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is NUAN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $56.00 and a high of $56.00, with their median price target at $56.00. Looking at these predictions, the average price target given by analysts is for Nuance Communications Inc. (NUAN) stock is $56.00.