noco-noco Inc (NASDAQ: NCNC): Think Like A Lender, Not An Investor

noco-noco Inc (NASDAQ:NCNC) currently has a daily average trading volume of 253.96K but it saw 1621978 shares traded in last market. With a market cap of 22.33M USD, the company’s current market price of $0.16 came falling about -22.22 while comparing to the previous closing price of $0.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.42 and as low as $0.12.

Taking a look at 20-day trading activity of noco-noco Inc (NCNC) gives us an average price of $0.1923, while its current price level is -98.56% below from 52-week high level whereas it is 32.88% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.1897 while that of 200 days or SMA-200 reads an average of $0.2414. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.14% during that period while stretching the period over a month that decreases to 8.94%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 37.34 which implies that the stock is in neutral territory.

Over the week, NCNC’s stock price is moving -17.14% down while it is -3.57% when we observe its performance for the past one month. Year-to-date it is -11.01% down and over the past year, the stock is showing a downside performance of -98.45%.

Currently, noco-noco Inc’s total number of outstanding shares is 135.43M. Company’s return on investment (ROI) stands at 1.11% and return on equity (ROE) at 0.96%. It has a price to earnings ratio (P/E ratio) of 2.53. Stock’s beta reads 1.18. Stock has a price to book (P/B) ratio of 0.02. Its return on asset (ROA) is 0.91% on average.