National Cinemedia Inc (NASDAQ: NCMI) is 29.23% higher on its value in year-to-date trading and has touched a low of $1.12 and a high of $6.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NCMI stock was last observed hovering at around $5.63 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $5.35, the stock is 23.09% and 27.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing -4.97% at the moment leaves the stock 34.05% off its SMA200. NCMI registered 301.35% gain for a year compared to 6-month loss of 12.63%. The firm has a 50-day simple moving average (SMA 50) of $2.99 and a 200-day simple moving average (SMA200) of $0.66.
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The stock witnessed a 32.43% gain in the last 1 month and extending the period to 3 months gives it a 32.75%, and is 26.78% 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 8.67% over the week and 6.11% over the month.
National Cinemedia Inc (NCMI) has around 292 employees, a market worth around $519.06M and $165.30M in sales. Current P/E ratio is 0.90 and Fwd P/E is 33.44. Profit margin for the company is 426.68%. Distance from 52-week low is 376.40% and -17.57% from its 52-week high. The company has generated returns on investments over the last 12 months (156.91%).
National Cinemedia Inc quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $33.75M over the same period.The EPS is expected to shrink by -99.81% this year, but quarterly earnings will post 46.50% year-over-year. Quarterly sales are estimated to shrink -3.30% in year-over-year returns.
National Cinemedia Inc (NCMI) Top Institutional Holders
96 institutions hold shares in National Cinemedia Inc (NCMI), with institutional investors hold 75.57% of the company’s shares. The shares outstanding are 96.84M, and float is at 64.10M with Short Float at 5.39%. Institutions hold 72.05% of the Float.
The top institutional shareholder in the company is Blantyre Capital Ltd with over 26.66 million shares valued at $142.65 million. The investor’s holdings represent 27.48% of the NCMI Shares outstanding. As of Dec 30, 2023, the second largest holder is JP Morgan Chase & Company with 6.0 million shares valued at $32.12 million to account for 6.19% of the shares outstanding. The other top investors are Hotchkis & Wiley Capital Management, LLC which holds 4.74 million shares representing 4.89% and valued at over $25.36 million, while Vanguard Group Inc holds 3.68% of the shares totaling 3.57 million with a market value of $19.08 million.
National Cinemedia Inc (NCMI) Insider Activity
The most recent transaction is an insider sale by Felenstein Scott D,the company’sPresident – Sales & Marketing. SEC filings show that Felenstein Scott D sold 4,126 shares of the company’s common stock on Feb 26 ’24 at a price of $4.26 per share for a total of $17564.0. Following the sale, the insider now owns 35301.0 shares.
National Cinemedia Inc disclosed in a document filed with the SEC on Feb 26 ’24 that Woods Maria VG (EVP, General Counsel) sold a total of 1,517 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $4.26 per share for $6458.0. Following the transaction, the insider now directly holds 12100.0 shares of the NCMI stock.
Still, SEC filings show that on Feb 26 ’24, Ng Ronnie Y. (Chief Financial Officer) disposed off 1,275 shares at an average price of $4.26 for $5428.0. The insider now directly holds 11,788 shares of National Cinemedia Inc (NCMI).
