noco-noco Inc (NASDAQ: NCNC): Retirees Don’t Worry About Volatility

noco-noco Inc (NASDAQ:NCNC) currently has a daily average trading volume of 5.72M but it saw 573001 shares traded in last market. With a market cap of 30.19M USD, the company’s current market price of $0.17 came rising about 5.26 while comparing to the previous closing price of $0.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.77 and as low as $0.12. In the recent trading on the day, stock has struck highest price mark of $0.1453 while lowest mark touched by it was $0.1724.

Taking a look at 20-day trading activity of noco-noco Inc (NCNC) gives us an average price of $0.1773, while its current price level is -90.40% below from 52-week high level whereas it is 36.99% 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 $0.1856 while that of 200 days or SMA-200 reads an average of $0.2013. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.21% during that period while stretching the period over a month that increases to 11.76%. 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 45.63 which implies that the stock is in neutral territory.

Over the week, NCNC’s stock price is moving -3.02% down while it is -9.09% when we observe its performance for the past one month. Year-to-date it is -8.26% down and over the past year, the stock is showing a downside performance of -88.74%.

Currently, noco-noco Inc’s total number of outstanding shares is 177.56M. 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 2.61. Stock’s beta reads 1.17. Stock has a price to book (P/B) ratio of 0.02. Its return on asset (ROA) is 0.91% on average.