Tuesday, September 22, 2020

National CineMedia Inc. [NCMI] Stock trading around $4.60 per share: What’s Next?

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National CineMedia Inc. [NASDAQ: NCMI] stock went on an upward path that rose over 28.13% on Friday, amounting to a one-week price increase of more than 27.78%. The company report on September 4, 2020 that National CineMedia, Inc. to Participate in Benchmark Consumer/Media/Entertainment Conference.

National CineMedia, Inc. (NASDAQ: NCMI) (“the Company” or “NCM”), the managing member and owner of 48.0% of National CineMedia, LLC (“NCM LLC”), the largest cinema advertising network in the U.S., is scheduled to participate in the following upcoming conference:.

About National CineMedia, Inc.

Over the last 12 months, NCMI stock dropped by -43.83%. The one-year National CineMedia Inc. stock forecast points to a potential upside of 1.5. The average equity rating for NCMI stock is currently 2.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $285.80 million, with 78.00 million shares outstanding and 76.98 million shares in the current float. Compared to the average trading volume of 740.07K shares, NCMI stock reached a trading volume of 9787875 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on National CineMedia Inc. [NCMI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NCMI shares is $4.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NCMI stock is a recommendation set at 2.70. 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.

Barrington Research have made an estimate for National CineMedia Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 04, 2020. While these analysts kept the previous recommendation, Wedbush dropped their target price from $4.50 to $3. The new note on the price target was released on July 29, 2020, representing the official price target for National CineMedia Inc. stock.

The Average True Range (ATR) for National CineMedia Inc. is set at 0.29, with the Price to Sales ratio for NCMI stock in the period of the last 12 months amounting to 0.88. Price to Free Cash Flow for NCMI in the course of the last twelve months was 2.17 with Quick ratio for the last quarter at 4.40.

NCMI Stock Performance Analysis:

National CineMedia Inc. [NCMI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.78. With this latest performance, NCMI shares gained by 58.62% in over the last four-week period, additionally sinking by -15.90% over the last 6 months – not to mention a drop of -43.83% 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 NCMI stock in for the last two-week period is set at 80.15, with the RSI for the last a single of trading hit 85.26, and the three-weeks RSI is set at 74.65 for National CineMedia Inc. [NCMI]. The present Moving Average for the last 50 days of trading for this stock 3.11, while it was recorded at 3.77 for the last single week of trading, and 4.66 for the last 200 days.

Insight into National CineMedia Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and National CineMedia Inc. [NCMI] shares currently have an operating margin of +36.78 and a Gross Margin at +60.77. National CineMedia Inc.’s Net Margin is presently recorded at +8.12.

Return on Total Capital for NCMI is now 19.65, given the latest momentum, and Return on Invested Capital for the company is 6.44. Additionally, NCMI Total Debt to Total Capital is recorded at 166.27, with Total Debt to Total Assets ending up at 84.27.

Reflecting on the efficiency of the workforce at the company, National CineMedia Inc. [NCMI] managed to generate an average of $67,985 per employee. Receivables Turnover for the company is 2.62 with a Total Asset Turnover recorded at a value of 0.39.National CineMedia Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.40 and a Current Ratio set at 4.40.

NCMI Stock EPS

With the latest financial reports released by the company, National CineMedia Inc. posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.70%. 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 NCMI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for National CineMedia Inc. go to -6.33%.

National CineMedia Inc. [NCMI] Insider Position Details

There are presently around $310 million, or 85.90% of NCMI stock, in the hands of institutional investors. The top three institutional holders of NCMI stocks are: STANDARD GENERAL L.P. with ownership of 19,234,448, which is approximately 7.008% of the company’s market cap and around 0.30% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 6,388,554 shares of the stock with an approximate value of $29.39 million in NCMI stocks shares; and VANGUARD GROUP INC, currently with $22.63 million in NCMI stock with ownership of nearly -29.104% of the company’s market capitalization.

Positions in National CineMedia Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 67 institutional holders increased their position in National CineMedia Inc. [NASDAQ:NCMI] by around 8,364,558 shares. Additionally, 77 investors decreased positions by around 19,313,336 shares, while 15 investors held positions by with 39,750,711 shares. The mentioned changes placed institutional holdings at 67,428,605 shares, according to the latest SEC report filing. NCMI stock had 21 new institutional investments in for a total of 3,225,119 shares, while 38 institutional investors sold positions of 15,238,947 shares during the same period.

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