NIC Inc. (NASDAQ:EGOV) went down by -0.93% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Software – Application giant went up by $22.41 to trade ended Friday trading at $22.62. This is down from the $22.62 price recorded on Thursday’s trading session. Thanks to this latest performance, EGOV is closer to the higher price 52-week target of $30.00 and further from the lowest price target of $26.00. Its performance from the start of the year has also been positive, with EGOV up by 0.27% year-to-date.
NIC Inc. (EGOV) started the day trading at $22.48 and recorded an intraday high of $22.68. It also recorded an intraday low of $22.09 during Friday’s trading session. NIC Inc. is a very active stock that recorded a trading volume that is more than 42.18% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 867519, which is more than 42.18 of the total average daily trading volume of 501.64K.
NIC Inc. (NASDAQ:EGOV) 2020 Performance Impressive
The increase in EGOV’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of EGOV currently stands at $25.94, which is higher than the current trading price of the stock by 13.61%. However, EGOV’s current trading price is -44.67% lower than the 52-week low price of $15.49. In terms of trading volume, NIC Inc. currently experienced healthy participation during the last trading session. 867519 shares of NIC Inc. were traded on the stock exchange on Friday, which is more than 42.18% of the 501.64K average trading volume of the stock.
The performance of the stock has been positive over the past year. EGOV’s performance over the past one year has seen it surge by 40.77%, while the stock has gone down by -0.44% in the last six months. The quarterly performance of EGOV currently stands at 5.61%, and it is down by -5.32% in the last month. The only negative figure was from the weekly performance, which currently reads -1.65%. At the time of writing EGOV’s report, the company has a total market cap of $1.51B, making it one of the largest publicly-traded companies in the world.NIC Inc. also has over 1000 employees all over the world.
EGOV Insider Activities
For NIC Inc., insiders hold 91.10% of all company shares. The insider transactions over the past six months are up by 16.60%. During that period, insiders bought 266,871 shares in 17 transactions. In that same period, insiders sold 125,232 of their shares in 25 transactions. After these transactions, insiders at NIC Inc. now hold 1.86M shares, which is over 89.56% of the total company stocks. Institutional investors currently hold a large chunk of the EGOV shares, as they control 2.78% of the company’s total stock.
EGOV Fundamental Analysis
For NIC Inc., the stock’s diluted earnings per share (EPS) stands at 0.75. In the coming year, analysts expect the EPS to be 0.92. The EPS growth will up over the next five years to 10.00% after surging by 4.70% in the previous five years. In terms of revenue, NIC Inc.’s quarterly sales (YOY) is growing at 0.18, which is lower than the average annual revenue of 4.70% over the past half a decade.
The Return on Investment (ROI) on NIC Inc.’s stock currently stands at 19.50%, and it has a net profit margin of 14.00%. The operating margin of the company is 17.40%, and its gross margin is 38.20%.
EGOV Analysts Prediction
Analysts at DA Davidson believe that EGOV is Buy, and they have a price target of between $18 and $21.
EGOV Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of EGOV currently stands at -6.50%, while the SMA50 is -5.79%. The biggest one is the SMA200, which is currently reading 2.26% ahead of Friday’s trading session. The Relative Strength Index of this stock is 35.35, while its price to earnings ratio (P/E) is 29.88.