The stock of National Bank Holdings Corporation (NYSE:NBHC) is now priced at $26.1 and the shares are -0.65 points down or -2.43% lower compared to its previous closing price of $26.75. The stock had 98853 contracts set over the past session. NBHC shares’ daily volume is compared to its average trading volume at 187609 shares. However, it has a float of 29.5 million and although its performance was 3.28% over the week, it’s one to watch. Analysts have given the NBHC stock a yearly average price target of $26.8 per share. It means the stock’s upside potential is 2.68% with the NBHC share price recently placing at $26.02 to $26.68. However, some brokerage firms have priced the stock below the average, including one that has called $25.
The shorts are running away from the National Bank Holdings Corporation stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the NBHC shares have declined. Short interest in the stock represents just 2.85% of its float, but the volume has dropped by 0. The volume of shorted shares dropped to from shares over the last two weeks. The average intraday trading volume has been shares, which means that days to cover moved to roughly.
In the last trading session, National Bank Holdings Corporation (NYSE:NBHC) raised by $0.83 over the week and lost -$0.67 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $37.97. The stock recorded its established 52-week high on 09/19/19.
Since 03/23/20, the stock has traded to a low of $20.25 at 28.89%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.14. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, National Bank Holdings Corporation’s two-week RSI is 51.37. This suggests that the stock is neutral at the moment and that NBHC shares’ price movement remains stable. The stochastic readings are equally revealing at 76.21% meaning the NBHC share price is currently in oversold territory.
The technical chart shows that the NBHC stock will likely settle at between $26.51 and $26.93 per share. However, if the stock dips below $25.85, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $25.61.
Currently, the stock is trading in the green of MACD, with a reading of 0.83. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Stephens cut their recommendation for NBHC from Overweight to Equal-Weight in April 23 review while maintai their target price of $30 to $25. Stephens analysts upgraded their recommendation of the stock from Equal-Weight to Overweight while keeping its target price at $38 to $42 in a flash note released to investors on January 02. Sandler O’Neill seeing the stock struggling downgraded it from Buy to Hold on October 24 placing it at $35.
The average rating for the NBHC equity is 2.8 and is currently gathering a bullish momentum. Of 5 analysts tracking National Bank Holdings Corporation polled by Reuters, 4 rated NBHC as a hold. The remaining 1 analysts were split evenly. However, the split wasn’t equal as a majority (1) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the NBHC stock price is 15.44X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 10.7below the group’s average of 10.9. National Bank Holdings Corporation has its P/E ratio at 1, which means that the stock is currently trading at a premium relative to the 0.9 industry average.