NCR Corporation [NCR] Stock trading around $33.94 per share: What’s Next?

NCR Corporation [NYSE: NCR] surged by $2.13 during the normal trading session on Thursday and reaching a high of $34.1968 during the day while it closed the day at $33.94. The company report on August 22, 2022 that Cumulus Media Appoints Deborah Farrington to Board of Directors.


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Cumulus Media Inc. (NASDAQ: CMLS) today announced that Deborah Farrington, Co-Founder and Managing Partner of StarVest Partners, LP, has been appointed to the Cumulus Media Board of Directors.

“Deborah is a highly respected and accomplished venture capital pioneer and experienced board member of Fortune 500 and leading public technology companies,” said Mary G. Berner, President and Chief Executive Officer of Cumulus Media. “As such, Deborah brings valuable strategic insights that will support the execution of our audio-first strategy and nicely complement our existing Board expertise. We are confident that Deborah’s proven business acumen will be a great asset in the boardroom as we build on the strong results that our business plan has delivered to date. We are thrilled to welcome her to our Board of Directors.”.

NCR Corporation stock has also gained 1.95% of its value over the past 7 days. However, NCR stock has inclined by 4.40% in the 3 months of the year. Over the past six months meanwhile, it has lost -16.61% and lost -15.57% year-on date.

The market cap for NCR stock reached $4.72 billion, with 136.60 million shares outstanding and 131.87 million shares in the current float. Compared to the average trading volume of 2.21M shares, NCR reached a trading volume of 4470506 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about NCR Corporation [NCR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NCR shares is $41.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NCR stock is a recommendation set at 1.80. 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.

Stephens have made an estimate for NCR Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 19, 2021. While these analysts kept the previous recommendation, The Benchmark Company raised their target price from $44 to $52. The new note on the price target was released on April 28, 2021, representing the official price target for NCR Corporation stock. Previously, the target price had yet another raise from $25 to $34, while Morgan Stanley kept a Overweight rating on NCR stock.

The Average True Range (ATR) for NCR Corporation is set at 1.26, with the Price to Sales ratio for NCR stock in the period of the last 12 months amounting to 0.61. The Price to Book ratio for the last quarter was 3.38, with the Price to Cash per share for the same quarter was set at 2.86. Price to Free Cash Flow for NCR in the course of the last twelve months was 6.24 with Quick ratio for the last quarter at 0.80.

NCR stock trade performance evaluation

NCR Corporation [NCR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.95. With this latest performance, NCR shares gained by 8.19% in over the last four-week period, additionally sinking by -16.61% over the last 6 months – not to mention a drop of -21.71% 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 NCR stock in for the last two-week period is set at 56.11, with the RSI for the last a single of trading hit 58.49, and the three-weeks RSI is set at 54.34 for NCR Corporation [NCR]. The present Moving Average for the last 50 days of trading for this stock 31.91, while it was recorded at 32.30 for the last single week of trading, and 37.00 for the last 200 days.

NCR Corporation [NCR]: An insightful look at the core fundamentals

NCR Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.10.

Earnings per share (EPS) analysis for NCR Corporation [NCR] stock

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 NCR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NCR Corporation go to 4.00%.

NCR Corporation [NCR]: Insider Ownership positions

There are presently around $4,483 million, or 98.20% of NCR stock, in the hands of institutional investors. The top three institutional holders of NCR stocks are: VANGUARD GROUP INC with ownership of 12,216,554, which is approximately -3.326% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 11,564,870 shares of the stock with an approximate value of $392.51 million in NCR stocks shares; and ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC, currently with $207.76 million in NCR stock with ownership of nearly -8.487% of the company’s market capitalization.

Positions in NCR Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 206 institutional holders increased their position in NCR Corporation [NYSE:NCR] by around 21,172,695 shares. Additionally, 171 investors decreased positions by around 15,325,337 shares, while 86 investors held positions by with 95,586,475 shares. The mentioned changes placed institutional holdings at 132,084,507 shares, according to the latest SEC report filing. NCR stock had 67 new institutional investments in for a total of 7,116,158 shares, while 57 institutional investors sold positions of 6,745,850 shares during the same period.

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