Ncino Inc. [NASDAQ: NCNO] price surged by 2.76 percent to reach at $0.84.
The one-year NCNO stock forecast points to a potential upside of 14.45. The average equity rating for NCNO stock is currently 2.06, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Ncino Inc. [NCNO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NCNO shares is $36.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NCNO stock is a recommendation set at 2.06. 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.
Keefe Bruyette have made an estimate for Ncino Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 09, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $24 to $27. The new note on the price target was released on March 15, 2024, representing the official price target for Ncino Inc. stock. Previously, the target price had yet another raise from $30 to $42, while Piper Sandler kept a Overweight rating on NCNO stock.
The Average True Range (ATR) for Ncino Inc. is set at 0.85, with the Price to Sales ratio for NCNO stock in the period of the last 12 months amounting to 7.33. The Price to Book ratio for the last quarter was 3.36, with the Price to Cash per share for the same quarter was set at 1.13. Price to Free Cash Flow for NCNO in the course of the last twelve months was 46.11 with Quick ratio for the last quarter at 1.02.
NCNO Stock Performance Analysis:
Ncino Inc. [NCNO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.54. With this latest performance, NCNO shares gained by 1.92% in over the last four-week period, additionally plugging by 5.86% over the last 6 months – not to mention a rise of 26.20% 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 NCNO stock in for the last two-week period is set at 56.60, with the RSI for the last a single of trading hit 63.49, and the three-weeks RSI is set at 53.40 for Ncino Inc. [NCNO]. The present Moving Average for the last 50 days of trading for this stock 31.07, while it was recorded at 30.35 for the last single week of trading, and 30.89 for the last 200 days.
Insight into Ncino Inc. Fundamentals:
Ncino Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.02 and a Current Ratio set at 1.02.
Ncino Inc. [NCNO] Institutonal Ownership Details
The top three institutional holders of NCNO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in NCNO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in NCNO stock with ownership which is approximately 5.8386%.
