The stock of nCino Inc. (NASDAQ:NCNO) decreased by -$0.8 on Wednesday to $32.29, down -2.42 percent. The last five days have seen an average of 849,114 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $5.97. The average number of shares traded over the last 20 days was 662,408, while the average volume over the last 50 days totaled 487,405.
NCNO stock appreciated 11.58% since last month. On 08/25/23, the company’s shares reached a one-month low of $28.63. The stock touched a high of $37.25 on 08/31/23, after rallying from a low of $19.58 in 52 weeks. The price of NCNO stock has risen by 22.13% or $5.97 this year, reaching a new high 9 times. Still, the stock price is down -13.32% 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 7 days ago on Sep 13. On Sep 13, Chief Lgl. & Compl. Ofc., Sec. Rieger April sold 4,076 shares at $30.99 each. This transaction resulted in the insider making $126,303. On Sep 08, Glover Joshua L sold 4,549 shares at a price of US$32.45. After the transaction, the insider now owns 388,183 shares. President & Chief Rev Officer Glover Joshua L had earlier sold 6,939 shares on Aug 04 for $30.05 a share. The transaction was completed for $208,517.
Valuation Metrics
Beta for the stock is 0.39. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.96, the price-to-book (PB) ratio of 3.53, and the price-to-cash flow ratio of 738.36.
Financial Health
For the three months ended July 30, nCino Inc.’s quick ratio was 1.00, while its current ratio was 1.00, indicating its ability 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 0.05. As far as profitability goes, gross margin for the trailing twelve months is 59.10% percent. nCino Inc.’s EBITDA margin for the year ended July 30 was -10.36%, whereas its operating margin stood at -14.60% 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 -5.50%. 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 -7.00%.
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 -$3.15 million for the quarter. At the end of nCino Inc.’s most recent quarter ended July 30, its liabilities totaled 273.47 million, while its total debt was $64.08 million. Equity owned by shareholders amounts to $112.91 million.
Technical Picture
Here’s a quick look at nCino Inc.’s (NCNO) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 56.34%, suggesting the stock is Neutral, with a 29.42% historical volatility rate.
The stochastic %K and %D were 78.22% and 82.71% respectively, while the average true range (ATR) was 1.12. Based on the 14-day stochastic reading of 54.56%, the RSI (14) reading is 57.21%. On the 9-day MACD Oscillator, the stock is at 0.80, and the 14-day reading is at 0.65.
Analyst Ratings
nCino Inc. (NASDAQ: NCNO) was downgraded by Morgan Stanley to a an Underweight rating in its latest research report. The stock was previously rated as a an Equal-weight. Analysts have assigned nCino Inc. (NCNO) an Overweight rating. NCNO is a stock that is recommended for selling by 1 brokerage firm, while 9 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 $33.00. In analyzing these forecasts, the average price target given by analysts for nCino Inc. (NCNO) is $32.46.
