In last trading session, National Cinemedia Inc (NASDAQ:NCMI) saw 0.54 million shares changing hands with its beta currently measuring 1.84. Company’s recent per share price level of $4.02 trading at -$0.25 or -5.85% at ring of the bell on the day assigns it a market valuation of $389.06M. That closing price of NCMI’s stock is at a discount of -61.44% from its 52-week high price of $6.49 and is indicating a premium of 74.88% 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 0.55 million shares which gives us an average trading volume of 645.11K if we extend that period to 3-months.
For National Cinemedia Inc (NCMI), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.1 in the current quarter.
National Cinemedia Inc (NASDAQ:NCMI) trade information
Upright in the red during last session for losing -5.85%, in the last five days NCMI remained trading in the red while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $4.02 price level, adding 11.65% to its value on the day. National Cinemedia Inc’s shares saw a change of 82.73% in year-to-date performance and have moved -4.51% in past 5-day. National Cinemedia Inc (NASDAQ:NCMI) showed a performance of 8.36% in past 30-days. Number of shares sold short was 2.81 million shares which calculate 7.11 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $5.50 to the stock, which implies a rise of 26.91% to its current value. Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $6.00. It follows that stock’s current price would drop -49.25% in reaching the projected high whereas dropping to the targeted low would mean a loss of -24.38% for stock’s current value.
National Cinemedia Inc (NCMI) estimates and forecasts
The company is estimating its revenue growth to decrease by -92.30% in the current quarter and calculating 97.70% increase in the next quarter. This year revenue growth is estimated to rise 2.40% 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 $86.33 million for the same. And 3 analysts are in estimates of company making revenue of $43.47 million in the next quarter that will end on Mar 2024. Company posted $91.7 million and $34.9 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -5.90% while estimating it to be 24.60% for the next quarter.
In 2023, company’s earnings growth rate is likely to be around 128.16% 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 on November 07 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.