nCino Inc. [NASDAQ:NCNO] shares are showing an active tape with a current price of $76.30 on Wednesday.
nCino Inc. is in the Technology sector under the Software – Application industry. This week, we are watching the stock hit price per sales of 41.89 with an earning per share of -0.39.
For the year, the stock is trading -16.69% and the five-day change stands at -4.24%. As a point of reference, the S&P 500 is trading 1.71% YTD.
The Price is right
Holding a Market Cap of $7.11 billion, nCino Inc. has seen a trading range over the last year of $66.82-$103.95.
For the last five days, NCNO is down from its last closing price. The average shares trading hands each day is 677.40K.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for NCNO. When we apply the Elder Force Index to nCino Inc., we are seeing an Elder Force Indicator number of 7193743.97.
Recent Performance
nCino Inc. also saw quarter revenue growth year over year of 50.96%.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 75.84 compared to the 50-day moving average of 2.73%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. NCNO currently holds a 9-day RSI of 45.40%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. NCNO’s 9-day MACD is -3.52.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
Regarding institutional holdings, American Century Small Cap Growth Fund owns 0.25%, while the second top holder, JP Morgan Small Cap Equity Fund, currently owns 0.18%.
Conclusion
Overall, the recommended rating for NCNO is Moderate Buy. Currently, the company has 5 analysts watching the stock, and the average quarterly earnings estimate is -0.09. Quarterly revenue estimates are averaging 49.51M with the high estimate reaching 49.63M and the low at 49.44M.
To review, the current 1-year target estimate is sitting at 93.83, while the current price 76.30. Based on this, we expect the stock to rise considering the aforementioned fundamentals.
