The stock of NCR Corporation (NYSE:NCR) is now priced at $18.73 and the shares are -0.32 points down or -1.68% lower compared to its previous closing price of $19.05. The stock had 1.167 million contracts set over the past session. NCR shares’ daily volume is compared to its average trading volume at 1.423 million shares. However, it has a float of 126 million and although its performance was 1.52% over the week, it’s one to watch. Analysts have given the NCR stock a yearly average price target of $26.38 per share. It means the stock’s upside potential is 40.84% with the NCR share price recently placing at $18.23 to $18.74. However, some brokerage firms have priced the stock below the average, including one that has called $18.
The shorts are running away from the NCR Corporation stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the NCR shares have declined. Short interest in the stock represents just 5.03% of its float, but the volume has dropped by 0.
In the last trading session, NCR Corporation (NYSE:NCR) raised by $0.28 over the week and gained $1.76 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $35.87. The stock recorded its established 52-week high on 01/17/20.
Since 03/18/20, the stock has traded to a low of $10.55 at 77.54%, 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 1.7. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, NCR Corporation’s two-week RSI is 55.46. This suggests that the stock is neutral at the moment and that NCR shares’ price movement remains stable. The stochastic readings are equally revealing at 72.72% meaning the NCR share price is currently in oversold territory.
The technical chart shows that the NCR stock will likely settle at between $18.9 and $19.08 per share. However, if the stock dips below $18.39, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $18.06.
Currently, the stock is trading in the green of MACD, with a reading of 0.25. 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 Oppenheimer raised their recommendation for NCR from Perform to Outperform in March 18 review while maintain their target price of $20. Standpoint Research analysts see the stock as a Accumulate with a target price of $ in a flash note released to investors on December 23 initiating covering the stock. Wells Fargo analysts see the stock as Outperform when the analysts initiated the share price coverage on September 18, placing it at $45.
The average rating for the NCR equity is 2.11 and is currently gathering a bullish momentum. Of 9 analysts tracking NCR Corporation polled by Reuters, 3 rated NCR as a hold. The remaining 6 analysts were split evenly. However, the split wasn’t equal as a majority (6) 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 NCR stock price is 8.19X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 5.2below the group’s average of 36.8. NCR Corporation has its P/E ratio at 2.4, which means that the stock is currently trading at a discount relative to the 4.6 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for NCR Corporation (NYSE:NCR) will increase by about 3.13%, which will see them reach $1550 million. The company’s full-year revenues are, however, expected to diminish by about -8.96%, down from $6920 million to $6300 million. NCR’s expected adjusted earnings should drop almost -49.32% to end up at $0.37 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -43.06% to record $1.6/share.