NCR Corporation (NCR) turns bearish with loss of -0.4 points

NCR Corporation (NYSE: NCR) is -2.16% lower on its value in year-to-date trading and has touched a low of $10.55 and a high of $39.30 in the current 52-week trading range. The NCR stock was last observed hovering at around $37.16 in the last trading session, with the day’s loss setting it -0.4% off its average median price target of $40.00 for the next 12 months. It is also 24.98% off the consensus price target high of $49.00 offered by 9 analysts, but current levels are -36.15% lower than the price target low of $27.00 for the same period.

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Currently trading at $36.76, the stock is 2.75% and 23.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.39 million and changing -1.08% at the moment leaves the stock 66.92% off its SMA200. NCR registered 6.52% gain for a year compared to 6-month gain of 117.39%. The firm has a 50-day simple moving average (SMA 50) of $33.83 and a 200-day simple moving average (SMA200) of $23.53.

The stock witnessed a 9.37% loss in the last 1 month and extending the period to 3 months gives it a 54.39%, and is 1.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.08% over the week and 3.88% over the month.

NCR Corporation (NCR) has around 36000 employees, a market worth around $4.81B and $6.46B in sales. Current P/E ratio is 10.84 and Fwd P/E is 14.53. Profit margin for the company is 6.80%. Distance from 52-week low is 248.44% and -6.46% from its 52-week high. The company has generated returns on investments over the last 12 months (19.60%).

NCR Corporation (NCR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for NCR Corporation (NCR) is a “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

NCR Corporation is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.58 with sales reaching $1.65B over the same period.The EPS is expected to grow by 956.20% this year, but quarterly earnings will post -10.10% year-over-year. Quarterly sales are estimated to shrink -12.70% in year-over-year returns.

NCR Corporation (NCR) Top Institutional Holders

436 institutions hold shares in NCR Corporation (NCR), with 1.79M shares held by insiders accounting for 1.38% while institutional investors hold 94.54% of the company’s shares. The shares outstanding are 128.50M, and float is at 127.11M with Short Float at 4.83%. Institutions hold 93.23% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 11.78 million shares valued at $260.77 million. The investor’s holdings represent 9.14% of the NCR Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 10.58 million shares valued at $234.15 million to account for 8.20% of the shares outstanding. The other top investors are Wells Fargo & Company which holds 7.73 million shares representing 6.00% and valued at over $171.13 million, while State Street Corporation holds 4.04% of the shares totaling 5.2 million with a market value of $115.2 million.

NCR Corporation (NCR) Insider Activity

A total of 10 insider transactions have happened at NCR Corporation (NCR) in the last six months, with sales accounting for 7 and purchases happening 3 times. The most recent transaction is an insider sale by Button Adrian, the company’s SVP, Hardware Product Ops. SEC filings show that Button Adrian sold 6,003 shares of the company’s common stock on Aug 03 at a price of $18.51 per share for a total of $0.11 million. Following the sale, the insider now owns 718.0 shares.

NCR Corporation disclosed in a document filed with the SEC on Jul 31 that Button Adrian (SVP, Hardware Product Ops) sold a total of 9,515 shares of the company’s common stock. The trade occurred on Jul 31 and was made at $18.49 per share for $0.18 million. Following the transaction, the insider now directly holds 11654.0 shares of the NCR stock.

Still, SEC filings show that on May 27, Potter Beth (CAO) disposed off 19,534 shares at an average price of $19.95 for $0.39 million. The insider now directly holds 7,589 shares of NCR Corporation (NCR).

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NCR Corporation (NCR): Who are the competitors?

The company’s main competitors (and peers) include Zebra Technologies Corporation (ZBRA) that is trading 68.02% up over the past 12 months. USA Technologies Inc. (USAT) is 42.98% up on the 1-year trading charts. Short interest in the company’s stock has risen 1.46% from the last report on Nov 12, 2020 to stand at a total of 6.06 million short shares sold with a short interest ratio of 4.74.

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