National CineMedia Inc. (NASDAQ:NCMI) finished Wednesday with an addition of $0.45 to close at $3.70, an upside of 13.85 percent. An average of 665,090 shares of common stock have been traded in the last five days. There was a gain of $0.27 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 235,709 shares traded, while the 50-day average volume stands at 191,217.
NCMI stock has increased by 11.04% in the last month. The company shares reached their 1-month lowest point of $2.75 on 08/07/23. With the stock rallying to its 52-week high on 04/12/23, shares of the company touched a low of $1.01 and a high of $18.20 in 52 weeks. It has reached a new high 9 times so far this year and achieved 68.18% or $1.50 in price. In spite of this, the price is down -79.67% from the 52-week high.
Insider Transactions
NCMI stock investors should be aware that National CineMedia Inc. (NCMI) stock had its last reported insider trading activity 6 days ago on Aug 04. In this transaction, the insider spent $15,048. Chief Executive Officer, Lesinski Thomas F., disposed of 49,314 shares at a price of $0.37 on Aug 01. The insider now owns more than $18,246 worth of shares. Prior to that, President – Sales & Marketing Felenstein Scott D went on to Sale 398 shares at $0.34 each on Jul 02. An amount of $134 was transacted.
Valuation Metrics
National CineMedia Inc. (NCMI) stock’s beta is 1.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.29.
The company has a payout ratio of 1.10%. The company’s most recent quarterly dividend payment was $0.30 a share, without any change from last year. Its latest decrease dividend $0.20 reported on Monday May 9 2022.
Financial Health
The quick ratio of National CineMedia Inc. for the recent quarter was 2.40, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. National CineMedia Inc.’s EBITDA margin is 17.74%. Its gross profit as reported stood at $131.3 million compared to revenue of $249.2 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, National CineMedia Inc.’s return on assets was 84.50%.
Earnings Surprise
For the recent quarter, National CineMedia Inc. had $1.0 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $545.3 million in the quarter, while revenues of -$45.5 million were grew 100.13%. At the end of the recent quarter, National CineMedia Inc.’s stock balance sheet showed total liabilities of 62.7 million. Shareholders own equity worth $174.07 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at National CineMedia Inc. (NCMI) price momentum. RSI 9-day as of the close on 09 August was 59.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 122.66%.
As of today, NCMI’s price is $3.30 +7.87% or $0.27 from its 5-day moving average. NCMI is currently trading +7.25% higher than its 20-day SMA and +160.01% higher than its 100-day SMA. However, the stock’s current price level is +21.71% above the SMA50 and -11.76% below the SMA200.
The stochastic %K and %D were 48.02% and 31.21%, respectively, and the average true range (ATR) was 0.42. With the 14-day stochastic at 73.07% and the average true range at 0.38, the RSI (14) stands at 56.85%. The stock has reached -0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.09.
Analyst Ratings
B. Riley Securities reiterated its a Neutral rating on National CineMedia Inc. (NASDAQ: NCMI), but raised their price target to $0.50, indicating a potential price decrease of -640.0% for the stock. The consensus rating for National CineMedia Inc. (NCMI) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NCMI, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is NCMI’s price target for the next 12 months?
Analysts predict a range of price targets between $3.70 and $3.70, with a median target of $3.70. Taking a look at these predictions, the average price target given by analysts for National CineMedia Inc. (NCMI) stock is $3.70.
