In last trading session, National CineMedia Inc. (NASDAQ:NCMI) saw 6.7 million shares changing hands with its beta currently measuring 1.86. Company’s recent per share price level of $4.83 trading at $0.07 or 1.47% at ring of the bell on the day assigns it a market valuation of $481.55M. That closing price of NCMI’s stock is at a discount of -125.67% from its 52-week high price of $10.90 and is indicating a premium of 79.09% from its 52-week low price of $1.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.27 million shares which gives us an average trading volume of 369.82K if we extend that period to 3-months.
National CineMedia Inc. (NASDAQ:NCMI) trade information
Upright in the green during last session for gaining 1.47%, in the last five days NCMI remained trading in the green while hitting it’s week-highest on Tuesday, 09/12/23 when the stock touched $4.83 price level, adding 3.01% to its value on the day. National CineMedia Inc.’s shares saw a change of 119.55% in year-to-date performance and have moved 4.32% in past 5-day. National CineMedia Inc. (NASDAQ:NCMI) showed a performance of 30.19% in past 30-days. Number of shares sold short was 0.83 million shares which calculate 1.46 days to cover the short interests.
National CineMedia Inc. (NCMI) estimates and forecasts
The company is estimating its revenue growth to increase by 88.50% in the current quarter and calculating -94.60% decrease in the next quarter. This year revenue growth is estimated to fall -6.00% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $56.7 million for the same. And 3 analysts are in estimates of company making revenue of $78.4 million in the next quarter that will end on Dec 2023. Company posted $53.77 million and $91.7 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 5.40% while estimating it to be -14.50% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -23.80% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 42.60% while estimates for its earnings growth in next 5 years are of -6.33%.
National CineMedia Inc. is more likely to be releasing its next quarterly report between November 06 and November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.