NCS Multistage Holdings, Inc. (NASDAQ:NCSM) has a beta value of 2.26 and has seen 692,986 shares traded in the last trading session. The company, currently valued at $25Million, closed the last trade at $0.53 per share which meant it lost $0 on the day or -5.36% during that session. The NCSM stock price is -611.32% off its 52-week high price of $3.77 and 41.13% above the 52-week low of $0.312. If we look at the company’s 10-day average daily trading volume, we find that it stood at 506.31 Million shares traded. The 3-month trading volume is 217Million shares.
The consensus among analysts is that NCS Multistage Holdings, Inc. (NCSM) is a Hold stock at the moment, with a recommendation rating of 2.8. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 5 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.27.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) trade information
Despite being -5.36% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the NCSM stock price touched $0.84 or saw a rise of 36.9%. Year-to-date, NCS Multistage Holdings, Inc. shares have moved -74.76%, while the 5-day performance has seen it change -6.48%. Over the past 30 days, the shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) have changed -1.67%. Short interest in the company has seen 933.14 Million shares shorted with days to cover at 4.3.
Wall Street analysts have a consensus price target for the stock at $0.61, which means that the shares’ value could jump 15.09% from current levels. The projected low price target is $0.25 while the price target rests at a high of $1. In that case, then, we find that the current price level is +88.68% off the targeted high while a plunge would see the stock lose -52.83% from current levels.
NCS Multistage Holdings, Inc. (NCSM) estimates and forecasts
Figures show that NCS Multistage Holdings, Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -76.86% over the past 6 months, with this year growth rate of 641.67%, compared to -29.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -145.5% and -185.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -47.5%.
3 analysts offering their estimates for the company have set an average revenue estimate of $14.57 Million for the current quarter. 3 have an estimated revenue figure of $19.17 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $39.77 Million and $60.77 Million respectively for this quarter and the next, and analysts expect sales will grow by -63.4% for the current quarter and -68.5% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +83.4% while over the next 5 years, the company’s earnings are expected to increase by 0%.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM)’s Major holders
Insiders own 10.39% of the company shares, while shares held by institutions stand at 86.9% with a share float percentage of 96.98%. Investors are also buoyed by the number of investors in a company, with NCS Multistage Holdings, Inc. having a total of 75 institutions that hold shares in the company. The top two institutional holders are Advent International Corporation with over 29.57 Million shares worth more than $18.92 Million. As of March 30, 2020, Advent International Corporation held 62.69% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 2.89 Million shares as of March 30, 2020. The firm’s total holdings are worth over $1.85 Million and represent 6.12% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are American Century Small Cap Value Fund and Fidelity Balanced Fund. As of March 30, 2020, the former fund manager holds about 3.59% shares in the company for having 1691802 shares of worth $1.08 Million while later fund manager owns 1.38 Million shares of worth $882.64 Thousand as of March 30, 2020, which makes it owner of about 2.92% of company’s outstanding stock.