nCino Inc. (NASDAQ:NCNO)’s traded shares stood at 1.5 million during the last session. At the close of trading, the stock’s price was $22.74, to imply a decrease of -3.81% or -$0.9 in intraday trading. The NCNO share’s 52-week high remains $47.97, putting it -110.95% down since that peak but still an impressive 13.9% since price per share fell to its 52-week low of $19.58. The company has a valuation of $2.70B, with an average of 1.57 million shares in intraday trading volume over the past 10 days and average of 720.50K shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for nCino Inc. (NCNO), translating to a mean rating of 1.90. Of 16 analyst(s) looking at the stock, 0 analyst(s) give NCNO a Sell rating. 1 of those analysts rate the stock as Overweight while 6 advise Hold as 9 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.05.
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nCino Inc. (NASDAQ:NCNO) trade information
After registering a -3.81% downside in the last session, nCino Inc. (NCNO) has traded red over the past five days. The stock hit a weekly high of 23.94 this Friday, 03/17/23, dropping -3.81% in its intraday price action. The 5-day price performance for the stock is -1.60%, and -25.52% over 30 days. With these gigs, the year-to-date price performance is -13.99%. Short interest in nCino Inc. (NASDAQ:NCNO) saw shorts transact 6.27 million shares and set a 8.19 days time to cover.
Analysts on Wall Street suggest a consensus price target of $34.85, implying an increase of 34.75% to the stock’s current value. The extremes give us $22.00 and $45.00 for target low and target high price respectively. As such, NCNO has been trading -97.89% off suggested target high and 3.25% from its likely low.
nCino Inc. (NCNO) estimates and forecasts
Looking at statistics comparing nCino Inc. share performance against respective industry, we note that the company has outperformed competitors. nCino Inc. (NCNO) shares are -38.42% down over the last 6 months, with its year-to-date growth rate higher than industry average at 20.00% against 18.30%. Revenue is forecast to grow 44.40% this quarter before jumping 183.30% for the next one. The rating firms project that company’s revenue will grow 47.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is $104.54 million. Meanwhile, for the quarter ending Apr 2023, a total of 12 analyst(s) estimate revenue growth to $112.03 million.Earnings reports from the last fiscal year show that sales brought in $74.95 million and $94.21 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 39.50% before jumping 18.90% in the following quarter.
nCino Inc. has its next earnings report out between September 05 and September 09. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. nCino Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
nCino Inc. (NASDAQ:NCNO)’s Major holders
nCino Inc. insiders hold 1.69% of total outstanding shares, with institutional holders owning 61.88% of the shares at 62.95% float percentage. In total, 61.88% institutions holds shares in the company, led by HMI Capital Management, LP. As of Sep 29, 2022, the company held over 7.87 million shares (or 7.09% of shares), all amounting to roughly $268.53 million.
The next major institution holding the largest number of shares is Dragoneer Investment Group, LLC with 7.32 million shares, or about 6.59% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $249.57 million.
We also have Price (T.Rowe) New Horizons Fund and Virtus Equity Tr-Virtus KAR Small Cap Growth Fd as the top two Mutual Funds with the largest holdings of the nCino Inc. (NCNO) shares. Going by data provided on Sep 29, 2022, Price (T.Rowe) New Horizons Fund holds roughly 3.22 million shares. This is just over 2.90% of the total shares, with a market valuation of $109.79 million. Data from the same date shows that the other fund manager holds a little less at 3.17 million, or 2.86% of the shares, all valued at about 108.29 million.