National Cinemedia Inc [NASDAQ: NCMI] gained 0.90% or 0.04 points to close at $4.47 with a heavy trading volume of 323969 shares.
The daily chart for NCMI points out that the company has recorded 12.88% gains over the past six months.
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If we look at the average trading volume of 801.07K shares, NCMI reached to a volume of 323969 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 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 $6.33 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 2.00. 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 Buy, with their previous recommendation back on March 19, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Neutral. The new note on the price target was released on December 18, 2023, representing the official price target for National Cinemedia Inc stock. Previously, the target price had yet another drop from $0.50 to $0.25, while B. Riley Securities kept a Neutral rating on NCMI stock. On October 12, 2022, analysts decreased their price target for NCMI shares from 1 to 0.50.
The Average True Range (ATR) for National Cinemedia Inc is set at 0.23, with the Price to Sales ratio for NCMI stock in the period of the last 12 months amounting to 2.57. The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 0.62. Price to Free Cash Flow for NCMI in the course of the last twelve months was 134.90 with Quick ratio for the last quarter at 2.76.
Trading performance analysis for NCMI stock
National Cinemedia Inc [NCMI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.82. With this latest performance, NCMI shares dropped by -19.17% in over the last four-week period, additionally plugging by 12.88% over the last 6 months – not to mention a rise of 36.49% 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 44.85, with the RSI for the last a single of trading hit 52.71, and the three-weeks RSI is set at 47.80 for National Cinemedia Inc [NCMI]. The present Moving Average for the last 50 days of trading for this stock 4.76, while it was recorded at 4.37 for the last single week of trading, and 4.39 for the last 200 days.
National Cinemedia Inc [NCMI]: A deeper dive into fundamental analysis
National Cinemedia Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.76 and a Current Ratio set at 2.76.
National Cinemedia Inc [NCMI]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at National Cinemedia Inc [NCMI]
The top three institutional holders of NCMI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in NCMI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NCMI stock with ownership which is approximately 5.1238%.
