The stock of National CineMedia Inc. (NASDAQ:NCMI) increased by $0.38 on Wednesday to $4.63, up 8.94 percent. The last five days have seen an average of 771,123 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $2.30. The average number of shares traded over the last 20 days was 621,358, while the average volume over the last 50 days totaled 318,886.
NCMI stock appreciated 25.14% since last month. On 08/07/23, the company’s shares reached a one-month low of $2.75. The stock touched a high of $12.90 on 04/12/23, after rallying from a low of $1.01 in 52 weeks. The price of NCMI stock has risen by 110.45% or $2.30 this year, reaching a new high 9 times. Still, the stock price is down -64.11% 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 26 days ago on Aug 04. On Aug 04, Chief Executive Officer Lesinski Thomas F. sold 4,732 shares at $3.18 each. This transaction resulted in the insider making $15,048. On Aug 01, Lesinski Thomas F. sold 49,314 shares at a price of US$0.37. After the transaction, the insider now owns 407,424 shares. President – Sales & Marketing Felenstein Scott D had earlier sold 398 shares on Jul 02 for $0.34 a share. The transaction was completed for $134.
Valuation Metrics
National CineMedia Inc. (NCMI) has a trailing price-to-earnings (P/E) ratio of 0.16. Beta for the stock is 1.86. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.29.
Company paid $0.30 per share in dividends, remained unchanged from $0.30 last year.
Financial Health
For the three months ended June 29, National CineMedia Inc.’s quick ratio was 2.40, while its current ratio was 2.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 52.80% percent. Based on annual data, it had gross profit of $131.3 million and revenue of $249.2 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NCMI’s return on assets (ROA) during the last 12 months has been 84.50%. There was a 1.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -121.90%.
Earnings Surprise
According to National CineMedia Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $14.8 million, while revenues fell by -353.38% to $34.9 million. It was predicted that National CineMedia Inc.’s quarterly earnings would be -$0.7, but it ended up being -$0.95, beating the consensus by 26.30%. EBITDA was -$3.4 million for the quarter. Equity owned by shareholders amounts to $17.41 million.
Technical Picture
Here’s a quick look at National CineMedia Inc.’s (NCMI) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 73.42%, suggesting the stock is Overbought, with a 61.26% historical volatility rate.
The stochastic %K and %D were 89.12% and 88.27% respectively, while the average true range (ATR) was 0.32. Based on the 14-day stochastic reading of 96.90%, the RSI (14) reading is 67.75%. On the 9-day MACD Oscillator, the stock is at 0.11, and the 14-day reading is at 0.34.
Analyst Ratings
In a note to investors, B. Riley Securities maintained its a Neutral rating on National CineMedia Inc. (NASDAQ: NCMI). However, the firm raised their price target to $0.25, indicating a possible decrease of -826.0% in the stock price.
