The stock of nCino Inc. (NASDAQ:NCNO) increased by $2.51 on Wednesday to $31.99, up 8.50 percent. The last five days have seen an average of 563,026 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $5.23. The average number of shares traded over the last 20 days was 397,006, while the average volume over the last 50 days totaled 456,805.
NCNO stock dropped -0.64% since last month. On 08/18/23, the company’s shares reached a one-month low of $28.57. The stock touched a high of $38.39 on 06/16/23, after rallying from a low of $19.58 in 52 weeks. The price of NCNO stock has risen by 20.97% or $5.23 this year, reaching a new high 8 times. Still, the stock price is down -16.68% from the 52-week high.
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Insider Transactions
NCNO stock investors should be aware that nCino Inc. (NCNO) stock had its last reported insider trading activity 26 days ago on Aug 04. On Aug 04, President & Chief Rev Officer Glover Joshua L sold 6,939 shares at $30.05 each. This transaction resulted in the insider making $208,517. On Aug 03, Naude Pierre sold 5,706 shares at a price of US$29.63. After the transaction, the insider now owns 1,129,048 shares. Chief Product Officer Hansen Matthew Royce had earlier sold 4,077 shares on Aug 03 for $29.63 a share. The transaction was completed for $120,785.
Valuation Metrics
Beta for the stock is 0.43. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.44, the price-to-book (PB) ratio of 3.50.
Financial Health
For the three months ended July 30, nCino Inc.’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.05, and the total debt to equity ratio is 0.07. As far as profitability goes, gross margin for the trailing twelve months is 59.00% percent. nCino Inc.’s EBITDA margin for the year ended July 30 was -10.36%, whereas its operating margin stood at -17.60% for the same period. Based on annual data, it had gross profit of $238.71 million and revenue of $408.31 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NCNO’s return on assets (ROA) during the last 12 months has been -6.40%. There was a -8.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -8.10%.
Earnings Surprise
According to nCino Inc.’s quarterly financial report for the quarter that ended July 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $117.19 million, while revenues rose by 19.61% to $109.18 million. It was predicted that nCino Inc.’s quarterly earnings would be $0.09, but it ended up being $0.07, beating the consensus by 28.60%. EBITDA was $2.99 million for the quarter. At the end of nCino Inc.’s most recent quarter ended July 30, its liabilities totaled 289.05 million, while its total debt was $80.41 million. Equity owned by shareholders amounts to $112.25 million.
Technical Picture
Here’s a quick look at nCino Inc.’s (NCNO) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 70.26%, suggesting the stock is Overbought, with a 43.26% historical volatility rate.
The stochastic %K and %D were 58.08% and 34.95% respectively, while the average true range (ATR) was 1.07. Based on the 14-day stochastic reading of 88.57%, the RSI (14) reading is 63.31%. On the 9-day MACD Oscillator, the stock is at 0.56, and the 14-day reading is at 0.67.
Analyst Ratings
nCino Inc. (NASDAQ: NCNO) was downgraded by Robert W. Baird to a a Neutral rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned nCino Inc. (NCNO) an Overweight rating. NCNO is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is NCNO’s price target for the next 12 months?
The current consensus forecast for the stock is between $24.00 and $40.00, with a median target price of $32.00. In analyzing these forecasts, the average price target given by analysts for nCino Inc. (NCNO) is $31.15.
