The stock of N-able Inc. (NYSE:NABL) increased by $0.13 on Friday to finish at $13.56, up 0.97 percent. The last five days have seen an average of 539,420 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $3.28. The average number of shares traded over the last 20 days was 434,700, while the average volume over the last 50 days totaled 468,516.
NABL stock dropped -7.00% since last month. On 08/11/23, the company’s shares reached a one-month low of $13.31. The stock touched a high of $15.44 on 05/23/23, after rallying from a low of $8.90 in 52 weeks. The price of NABL stock has risen by 31.91% or $3.28 this year, reaching a new high 15 times. Still, the stock price is down -12.18% from the 52-week high.
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Insider Transactions
NABL stock investors should be aware that N-able Inc. (NABL) stock had its last reported insider trading activity 91 days ago on May 15. On May 15, EVP, Chief Financial Officer O’Brien Tim James sold 7,500 shares at $14.08 each. This transaction resulted in the insider making $105,600. On Mar 29, O’Brien Tim James sold 18,786 shares at a price of US$13.75. After the transaction, the insider now owns 531,235 shares. Exec VP, Worldwide Sales Colletti Frank had earlier sold 26,316 shares on Feb 27 for $11.59 a share. The transaction was completed for $305,002.
Valuation Metrics
N-able Inc. (NABL) has a trailing price-to-earnings (P/E) ratio of 163.37. Beta for the stock is 0.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.42, the price-to-book (PB) ratio of 3.75, and the price-to-cash flow ratio of 41.72.
Financial Health
For the three months ended June 29, N-able Inc.’s quick ratio was 2.50, while its current ratio was 2.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.51, and the total debt to equity ratio is 0.51. As far as profitability goes, gross margin for the trailing twelve months is 84.10% percent. N-able Inc.’s operating margin stood at 12.50% for the same period. Based on annual data, it had gross profit of $313.16 million and revenue of $371.77 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NABL’s return on assets (ROA) during the last 12 months has been 1.60%. There was a 3.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.70%.
Earnings Surprise
According to N-able Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $106.06 million, while revenues rose by 0.25% to $99.82 million. It was predicted that N-able Inc.’s quarterly earnings would be $0.09, but it ended up being $0.07, beating the consensus by 28.60%. EBITDA was $21.38 million for the quarter. At the end of N-able Inc.’s most recent quarter ended June 29, its liabilities totaled 444.13 million, while its total debt was $372.46 million. Equity owned by shareholders amounts to $182.52 million.
Technical Picture
Here’s a quick look at N-able Inc.’s (NABL) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 38.23%, suggesting the stock is Neutral, with a 18.23% historical volatility rate.
The stochastic %K and %D were 9.88% and 15.06% respectively, while the average true range (ATR) was 0.42. Based on the 14-day stochastic reading of 17.51%, the RSI (14) reading is 39.89%. On the 9-day MACD Oscillator, the stock is at -0.25, and the 14-day reading is at -0.34.
Analyst Ratings
N-able Inc. (NYSE: NABL) was downgraded by JP Morgan to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned N-able Inc. (NABL) an Overweight rating. NABL is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is NABL’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.00 and $16.50, with a median target price of $15.50. In analyzing these forecasts, the average price target given by analysts for N-able Inc. (NABL) is $15.63.
