Nogin Inc. [NASDAQ: NOGN] loss 0.00% or 0.0 points to close at $0.80 with a heavy trading volume of 3045475 shares. The company report on January 18, 2023 that Nogin Survey Reveals D2C Brands’ Goals to Uplevel Their Enterprise Ecommerce Platforms.
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It opened the trading session at $0.827, the shares rose to $0.888 and dropped to $0.74, the range by which the price of stock traded the whole day. The daily chart for NOGN points out that the company has recorded -92.03% loss over the past six months. However, it is still -95.12% lower than its most recent low trading price.
If we look at the average trading volume of 141.10K shares, NOGN reached to a volume of 3045475 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Nogin Inc. [NOGN]:
The Average True Range (ATR) for Nogin Inc. is set at 0.12, with the Price to Sales ratio for NOGN stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 0.10, with the Price to Cash per share for the same quarter was set at 0.00.
Trading performance analysis for NOGN stock
Nogin Inc. [NOGN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.25. With this latest performance, NOGN shares gained by 60.00% in over the last four-week period, additionally sinking by -92.03% over the last 6 months – not to mention a drop of -91.91% 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 NOGN stock in for the last two-week period is set at 52.34, with the RSI for the last a single of trading hit 54.35, and the three-weeks RSI is set at 48.05 for Nogin Inc. [NOGN]. The present Moving Average for the last 50 days of trading for this stock 0.7015, while it was recorded at 0.7924 for the last single week of trading, and 5.6002 for the last 200 days.
Nogin Inc. [NOGN]: A deeper dive into fundamental analysis
Nogin Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.10.
An analysis of insider ownership at Nogin Inc. [NOGN]
There are presently around $1 million, or 19.80% of NOGN stock, in the hands of institutional investors. The top three institutional holders of NOGN stocks are: SABA CAPITAL MANAGEMENT, L.P. with ownership of 847,577, which is approximately 46.183% of the company’s market cap and around 25.20% of the total institutional ownership; CANTOR FITZGERALD INVESTMENT ADVISORS L.P., holding 176,000 shares of the stock with an approximate value of $0.14 million in NOGN stocks shares; and CITADEL ADVISORS LLC, currently with $11000.0 in NOGN stock with ownership of nearly New of the company’s market capitalization.
3 institutional holders increased their position in Nogin Inc. [NASDAQ:NOGN] by around 295,926 shares. Additionally, 69 investors decreased positions by around 20,393,246 shares, while 1 investors held positions by with 19,635,833 shares. The mentioned changes placed institutional holdings at 1,053,339 shares, according to the latest SEC report filing. NOGN stock had 2 new institutional investments in for a total of 28,153 shares, while 67 institutional investors sold positions of 20,371,630 shares during the same period.