National Cinemedia Inc (NASDAQ:NCMI) shares, rose in value on Thursday, May 08, with the stock price down by -3.51% to the previous day’s close as strong demand from buyers drove the stock to $4.95.
Actively observing the price movement in the last trading, the stock closed the session at $5.13. Referring to stock’s 52-week performance, its high was $7.60, and the low was $4.11. On the whole, NCMI has fluctuated by -12.70% over the past month.
With the market capitalization of National Cinemedia Inc currently standing at about $466.81 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NCMI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of NCMI currently trading nearly -13.67% and -15.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.39, while the 7-day volatility ratio is showing 10.99% which for the 30-day chart, stands at 5.91%. Furthermore, National Cinemedia Inc (NCMI)’s beta value is 2.16, and its average true range (ATR) is 0.37.
A comparison of National Cinemedia Inc (NCMI) with its peers suggests the former has fared considerably weaker in the market. NCMI showed an intraday change of -3.51% in last session, and over the past year, it grew by 2.48%%.
Data on historical trading for National Cinemedia Inc (NASDAQ:NCMI) indicates that the trading volumes over the past 3 months, they’ve averaged 786.42K. According to company’s latest data on outstanding shares, there are 94.86 million shares outstanding.
Nearly 29.57% of National Cinemedia Inc’s shares belong to company insiders and institutional investors own 56.19% of the company’s shares. The stock has fallen by -25.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NCMI stock heading into the next quarter.
