National CineMedia Inc. (NASDAQ:NCMI) shares traded -4.56% lower at $0.24 on Wall Street last session.
In accordance with the data, 4 analysts cover National CineMedia Inc. (NASDAQ:NCMI). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.50 and a low of $0.50, we find $2.00. Given the previous closing price of $0.25, this indicates a potential upside of 700.0 percent. NCMI stock price is now -44.64% away from the 50-day moving average and -80.42% away from the 200-day moving average. The market capitalization of the company currently stands at $19.88M.
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It has been rated a hold by 3 analysts and a buy by 1. Brokers who have rated the stock have averaged $2.00 as their price target over the next twelve months.
With the price target reduced from $1 to $0.50, B. Riley Securities maintained Neutral rating for National CineMedia Inc. (NASDAQ: NCMI). On June 21, 2022, B. Riley Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $4 to quote $1.50, while ‘Wedbush’ rates the stock as ‘Outperform’.
In other news, Ng Ronnie Y., Chief Financial Officer sold 2,846 shares of the company’s stock on Sep 27. The stock was sold for $2,134 at an average price of $0.75. Upon completion of the transaction, the Chief Financial Officer now directly owns 4,561 shares in the company, valued at $1094.64. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 07, 10% Owner Standard General L.P. sold 4,516,890 shares of the business’s stock. A total of $4,065,201 was realized by selling the stock at an average price of $0.90. This leaves the insider owning 12,932,382 shares of the company worth $3.1 million. Insiders disposed of 4,617,926 shares of company stock worth roughly $1.11 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NCMI stock. A new stake in National CineMedia Inc. shares was purchased by KOVACK ADVISORS, INC. during the first quarter worth $41,000. SOUND POINT CAPITAL MANAGEMENT, LP invested $33,000 in shares of NCMI during the first quarter. In the first quarter, AE WEALTH MANAGEMENT LLC acquired a new stake in National CineMedia Inc. valued at approximately $32,000. CHARLES SCHWAB INVESTMENT MANAGEMENT INC acquired a new stake in NCMI for approximately $11,000. ADVISORY SERVICES NETWORK, LLC purchased a new stake in NCMI valued at around $11,000 in the second quarter. In total, there are 100 active investors with 36.00% ownership of the company’s stock.
National CineMedia Inc. (NASDAQ: NCMI) opened at $0.2501 on Wednesday. During the past 12 months, National CineMedia Inc. has had a low of $0.24 and a high of $3.41. The fifty day moving average price for NCMI is $0.4316 and a two-hundred day moving average price translates $1.2192 for the stock.
The latest earnings results from National CineMedia Inc. (NASDAQ: NCMI) was released for Jun, 2022. According to the Advertising Agencies Company, earnings per share came in at -$0.01, beating analysts’ expectations of -$0.07 by 0.06. This compares to -$0.42 EPS in the same period last year. The net profit margin was -11.90% and return on equity was 4.80% for NCMI. The company reported revenue of $54.5 million for the quarter, compared to $31.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 71.92 percent. For the current quarter, analysts expect NCMI to generate $54.77M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/06/2022. Investors who held shares on 08/22/2022 were paid a $0.03 dividend. On an annualized basis, this represents a $0.12 dividend and a 50.27% percent yield. There was an ex-dividend date of 08/19/2022 for this dividend.
National CineMedia Inc.(NCMI) Company Profile
National CineMedia, Inc., through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies. The company is also engaged in the sale of online and mobile advertising through its Noovie Audience Accelerator product, as well as a suite of Noovie digital properties, such as Noovie Shuffle, Noovie Trivia, Name That Movie, and Noovie Arcade to reach entertainment audiences beyond the theater. It offers its services to third-party theater circuits under long-term network affiliate agreements. The company was incorporated in 2006 and is headquartered in Centennial, Colorado.
