Nuance Communications Inc. [NASDAQ: NUAN] price surged by 1.24 percent to reach at $0.35. The company report on August 5, 2020 that Nuance Announces Third Quarter 2020 Results.
– Revenue and EPS exceeded high end of guidance.
– Continued strength from Dragon Medical and other cloud-based healthcare offerings.
A sum of 5656966 shares traded at recent session while its average daily volume was at 3.56M shares. Nuance Communications Inc. shares reached a high of $29.08 and dropped to a low of $28.10 until finishing in the latest session at $28.64.
The one-year NUAN stock forecast points to a potential downside of -8.36. The average equity rating for NUAN stock is currently 1.90, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Nuance Communications Inc. [NUAN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NUAN shares is $26.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NUAN stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
SVB Leerink have made an estimate for Nuance Communications Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 29, 2020. The new note on the price target was released on April 14, 2020, representing the official price target for Nuance Communications Inc. stock. Previously, the target price had yet another raise from $15 to $23, while Morgan Stanley kept a Overweight rating on NUAN stock.
The Average True Range (ATR) for Nuance Communications Inc. is set at 0.81, with the Price to Sales ratio for NUAN stock in the period of the last 12 months amounting to 4.76. The Price to Book ratio for the last quarter was 7.25, with the Price to Cash per share for the same quarter was set at 1.84. Price to Free Cash Flow for NUAN in the course of the last twelve months was 28.30 with Quick ratio for the last quarter at 1.20.
NUAN Stock Performance Analysis:
Nuance Communications Inc. [NUAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.88. With this latest performance, NUAN shares gained by 15.90% in over the last four-week period, additionally plugging by 45.97% over the last 6 months – not to mention a rise of 113.72% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NUAN stock in for the last two-week period is set at 72.45, with the RSI for the last a single of trading hit 76.67, and the three-weeks RSI is set at 70.03 for Nuance Communications Inc. [NUAN]. The present Moving Average for the last 50 days of trading for this stock 25.02, while it was recorded at 28.04 for the last single week of trading, and 20.19 for the last 200 days.
Insight into Nuance Communications Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Nuance Communications Inc. [NUAN] shares currently have an operating margin of +12.18 and a Gross Margin at +53.56. Nuance Communications Inc.’s Net Margin is presently recorded at +6.27.
Return on Total Capital for NUAN is now 5.54, given the latest momentum, and Return on Invested Capital for the company is 3.34. Return on Equity for this stock inclined to 5.91, with Return on Assets sitting at 2.14. When it comes to the capital structure of this company, Nuance Communications Inc. [NUAN] has a Total Debt to Total Equity ratio set at 89.86. Additionally, NUAN Total Debt to Total Capital is recorded at 47.33, with Total Debt to Total Assets ending up at 36.09. Long-Term Debt to Equity for the company is recorded at 36.82, with the Long-Term Debt to Total Capital now at 19.40.
Reflecting on the efficiency of the workforce at the company, Nuance Communications Inc. [NUAN] managed to generate an average of $14,116 per employee. Receivables Turnover for the company is 4.83 with a Total Asset Turnover recorded at a value of 0.34.Nuance Communications Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
NUAN Stock EPS
With the latest financial reports released by the company, Nuance Communications Inc. posted 0.34/share EPS, while the average EPS was predicted by analysts to be reported at 0.28/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 21.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NUAN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nuance Communications Inc. go to -4.60%.
Nuance Communications Inc. [NUAN] Insider Position Details
There are presently around $7,390 million, or 94.80% of NUAN stock, in the hands of institutional investors. The top three institutional holders of NUAN stocks are: VANGUARD GROUP INC with ownership of 26,727,645, which is approximately 3.078% of the company’s market cap and around 0.80% of the total institutional ownership; CLEARBRIDGE INVESTMENTS, LLC, holding 18,103,312 shares of the stock with an approximate value of $518.48 million in NUAN stocks shares; and VICTORY CAPITAL MANAGEMENT INC, currently with $403.4 million in NUAN stock with ownership of nearly -24.787% of the company’s market capitalization.
Positions in Nuance Communications Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 149 institutional holders increased their position in Nuance Communications Inc. [NASDAQ:NUAN] by around 42,194,032 shares. Additionally, 195 investors decreased positions by around 49,052,244 shares, while 55 investors held positions by with 166,768,454 shares. The mentioned changes placed institutional holdings at 258,014,730 shares, according to the latest SEC report filing. NUAN stock had 55 new institutional investments in for a total of 20,553,773 shares, while 52 institutional investors sold positions of 6,888,714 shares during the same period.