NCR Corporation [NYSE:NCR]’s prices stumbled on Thursday.
Other data for the company is as follows:
- Stochastic %K of 94.03
- Weighted Alpha of -11
Day traders should note that the company’s next earning date is 11/03/2020. The company has price per sales of 0.46 and price per cash flow of 4.07.
The Bears are coming
Holding a Market Cap of $3.09 billion, NCR Corporation has seen a trading range over the last year of $10.55-$35.87.
For the last five days, NCR is up from its last closing price. The average shares trading hands each day is 1.12M, with average 10-day volume coming in at 1.69 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for NCR. When we apply the Elder Force Index to NCR Corporation, we are seeing an Elder Force Indicator number of -184823.1.
The recent performance of the stock is another area that can tell traders how to proceed. NCR is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 10.33. Moreover, the company’s enterprise value has gone from $6.13B to $6.07B quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, NCR made a profit of 372.0 million. NCR Corporation also saw quarter revenue growth year over year of 7.96%. In addition, the company has operating cash flow of $833.0 million.
Looking at popular technical indicators, the company’s 5-day moving average is 23.33 compared to the 50-day moving average of 20.75. 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. NCR currently holds a 9-day RSI of 71.23%, while 100-day RSI stands at 51.35%.
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. NCR’s 9-day MACD is 0.91 and the company’s 100-day MACD stands at 4.27.
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.
The major holders for this stock are 1.27% by insiders and 93.91% by institutions. Regarding institutional holdings, Vanguard Group, Inc. (The) owns 9.83%, while the second top holder, Blackrock Inc., currently owns 8.69%.
Over the last six months, insiders have sold 6,003 with the most recent transaction from Button Adrian, SVP, Hardware Product Ops, with a sell at price 18.51 per share.
Overall, the recommended rating for NCR is Strong Buy. Currently, the company has 9 analysts watching the stock, and the average quarterly earnings estimate is 0.39. Quarterly revenue estimates are averaging 1.55B with the high estimate reaching 1.61B and the low at 1.49B.
To review, the current 1-year target estimate is sitting at 26.22, while the current price 23.88. Based on this, we expect the stock to rise considering the aforementioned fundamentals.