In the latest trading session, 20.74 million Nogin Inc (NASDAQ:NOGN) shares changed hands as the company’s beta touched 0.25. With the company’s most recent per share price at $0.27 changing hands around $0.09 or 50.78% at last look, the market valuation stands at $3.00M. NOGN’s current price is a discount, trading about -7177.78% off its 52-week high of $19.65. The share price had its 52-week low at $0.17, which suggests the last value was 37.04% up since then. When we look at Nogin Inc’s average trading volume, we note the 10-day average is 0.31 million shares, with the 3-month average coming to 91.53K.
Analysts gave the Nogin Inc (NOGN) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended NOGN as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Nogin Inc’s EPS for the current quarter is expected to be -$0.67.
Nogin Inc (NASDAQ:NOGN) trade information
Instantly NOGN is in green as seen in intraday trades today. With action -9.93%, the performance over the past five days has been red. The jump to weekly highs of 0.3571 on Friday, 11/17/23 added 50.78% to the stock’s daily price. The company’s shares are showing year-to-date downside of -98.25%, with the 5-day performance at -9.93% in the red. However, in the 30-day time frame, Nogin Inc (NASDAQ:NOGN) is -22.80% down. Looking at the short shares, we see there were 37460.0 shares sold at short interest cover period of 0.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.00, meaning bulls need an upside of 86.5% from its recent market value. According to analyst projections, NOGN’s forecast low is $1.00 with $3.00 as the target high. To hit the forecast high, the stock’s price needs a -1011.11% plunge from its current level, while the stock would need to soar -270.37% for it to hit the projected low.
Nogin Inc (NOGN) estimates and forecasts
Data shows that the Nogin Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -85.39% over the past 6 months, a 84.67% in annual growth rate that is considerably higher than the industry average of 18.30%. Year-over-year growth is forecast to reach -43.90% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $11.08 million. 3 analysts are of the opinion that Nogin Inc’s revenue for the quarter ending Dec 2023 will be $12.47 million. The estimates for the next quarter sales put growth at -55.40%.
The 2023 estimates are for Nogin Inc earnings to increase by 82.78%.
Nogin Inc is expected to release its next quarterly earnings report in December.
Nogin Inc (NASDAQ:NOGN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 32.43% of Nogin Inc shares while 13.93% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 20.61%. There are 13.93% institutions holding the Nogin Inc stock share, with Raymond James & Associates, Inc. the top institutional holder. As of Jun 29, 2023, the company held 4.97% of the shares, roughly 0.55 million NOGN shares worth $0.72 million.
Luminus Management, LLC holds the second largest percentage of outstanding shares, with 2.48% or 0.28 million shares worth $0.36 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jul 30, 2023 were Saba Capital Income & Opportunities Fd and Fidelity NASDAQ Composite Index Fund. With 11264.0 shares estimated at $10588.0 under it, the former controlled 0.10% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held about 0.01% of the shares, roughly 691.0 shares worth around $1057.0.