What Analysts Say about the NuCana plc (NCNA) Stock

NuCana plc (NASDAQ:NCNA) saw an upside of 11.98% to close Tuesday at $2.43 after adding $0.26 on the day. The 5-day average trading volume is 984,720 shares of the company’s common stock. It has gained $2.55 in the past week. An average of 5,026,525 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,198,680.

NCNA’s 1-month performance is -3.19% or -$0.04 on its low of $1.89 reached on 10/07/21. The company’s shares have touched a 52-week low of $1.88 and high of $7.83, with the stock’s rally to the 52-week high happening on 01/13/21. YTD, NCNA has lost -45.88% or -$2.06. However, the current price is down -68.97%% from the 52-week high price.


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Valuation Metrics

NuCana plc (NCNA) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.19 for the sector.NCNA stock has a beta of 0.75. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 1.10.

NuCana plc’s quick ratio for the period ended June 29 was 11.00, with the current ratio over the same period at 11.00 meaning that NCNA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.01. The firm’s gross profit as reported stood at -$4.14 million against revenue of $42.31 million.

Earnings Surprise

For the quarterly period ending June 29 this year, NuCana plc’s cash and short-term investments amounted to $9.82 million against total debt of $0.51 million. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected NCNA to announce -$19.27 per share in earnings in its latest quarter, but it posted -$17, representing a 11.80% surprise. EBITDA for the quarter stood at more than -$14.5 million. NCNA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.37 million, with total debt at $0.51 million

Technical Picture

Let’s look briefly at NuCana plc (NCNA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 57.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 100.83%.

The stock’s 5-day moving average is $2.16, reflecting a +15.17% or $0.32 change from its current price. NCNA is currently trading +2.53% above its 20-day SMA, -19.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +14.08% and -51.40% respectively.

Stochastic %K and %D was 25.81% and 17.19% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 54.08%, while the 14-day stochastic is at 40.60% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at 0.01 and -0.08 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for NuCana plc (NASDAQ: NCNA), Truist launched coverage with a Buy rating. Analysts offering their rating for NCNA stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NCNA as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

What is NCNA’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $5.08 and a high of $16.25, with their median price target at $14.73. Looking at these predictions, the average price target given by analysts is for NuCana plc (NCNA) stock is $12.70.

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