National CineMedia Inc. [NASDAQ: NCMI] surged by $0.12 during the normal trading session on Tuesday and reaching a high of $0.6389 during the day while it closed the day at $0.55. The company report on November 7, 2022 that National CineMedia, Inc. Reports Results for Fiscal Third Quarter 2022.
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Third quarter AOIBDA at top end of guidance and exceeds consensus estimates.
Upfront advertising tracking towards strong finish at 85% of the historical average.
National CineMedia Inc. stock has also gained 27.09% of its value over the past 7 days. However, NCMI stock has declined by -65.93% in the 3 months of the year. Over the past six months meanwhile, it has lost -66.25% and lost -80.60% year-on date.
The market cap for NCMI stock reached $45.87 million, with 81.47 million shares outstanding and 73.54 million shares in the current float. Compared to the average trading volume of 950.62K shares, NCMI reached a trading volume of 9835075 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 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 $2.25 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 2.50. 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.
B. Riley Securities have made an estimate for National CineMedia Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 12, 2022. While these analysts kept the previous recommendation, B. Riley Securities dropped their target price from $4 to $1.50. The new note on the price target was released on June 21, 2022, representing the official price target for National CineMedia Inc. stock. Previously, the target price had yet another raise to $5, while Wedbush analysts kept a Outperform rating on NCMI stock.
The Average True Range (ATR) for National CineMedia Inc. is set at 0.06, with the Price to Sales ratio for NCMI stock in the period of the last 12 months amounting to 0.23.
NCMI stock trade performance evaluation
National CineMedia Inc. [NCMI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.09. With this latest performance, NCMI shares gained by 4.81% in over the last four-week period, additionally sinking by -66.25% over the last 6 months – not to mention a drop of -85.99% 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 51.02, with the RSI for the last a single of trading hit 63.36, and the three-weeks RSI is set at 44.56 for National CineMedia Inc. [NCMI]. The present Moving Average for the last 50 days of trading for this stock 0.7165, while it was recorded at 0.4406 for the last single week of trading, and 1.6262 for the last 200 days.
National CineMedia Inc. [NCMI]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and National CineMedia Inc. [NCMI] shares currently have an operating margin of -59.69 and a Gross Margin at +2.01. National CineMedia Inc.’s Net Margin is presently recorded at -42.50.
National CineMedia Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.
Earnings per share (EPS) analysis for National CineMedia Inc. [NCMI] 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 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 Ownership positions
There are presently around $18 million, or 34.40% 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 17,449,272, which is approximately 0% of the company’s market cap and around 1.50% of the total institutional ownership; VANGUARD GROUP INC, holding 2,867,465 shares of the stock with an approximate value of $1.56 million in NCMI stocks shares; and ZAZOVE ASSOCIATES LLC, currently with $0.69 million in NCMI stock with ownership of nearly 1094.149% of the company’s market capitalization.
35 institutional holders increased their position in National CineMedia Inc. [NASDAQ:NCMI] by around 3,384,419 shares. Additionally, 65 investors decreased positions by around 14,745,975 shares, while 12 investors held positions by with 14,566,335 shares. The mentioned changes placed institutional holdings at 32,696,729 shares, according to the latest SEC report filing. NCMI stock had 21 new institutional investments in for a total of 1,022,466 shares, while 38 institutional investors sold positions of 8,107,870 shares during the same period.