Volatility Is Your Friend: NuCana plc ADR (NCNA) Is Hot Again

NuCana plc ADR (NASDAQ:NCNA) does about 135.56K shares in volume on a normal day but saw 66629978 shares change hands in the recent trading day. The company now has a market cap of 14.33M USD. Its current market price is $6.37, marking an increase of 150.79% compared to the previous close of $2.54. The 52 week high reached by this stock is $20.25 whilst the lowest price level in 52 weeks is $2.34.

NuCana plc ADR (NCNA) has a 20-day trading average at $5.36 and the current price is -68.55% off the 52-week high compared with 172.21% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.15 and its 200-day simple moving average is $5.68. If we look at the stock’s price movements over the week, volatility stands at 21.58%, which increases to 28.44% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.97 to suggest the stock is neutral.

The consensus objective for the share price is $15.47, suggesting that the stock has a potential upside of 58.82% over the period.

FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.

Truist initiated its price target at $22.

The current price level is 22.02%, 56.28%, and 11.57% away from its SMA20, SMA50, and SMA200 respectively, with the NCNA price moving below the 50-day SMA on current market day. NuCana plc ADR (NCNA) stock is up 135.06% over the week and 93.62% over the past month. Its price is -13.86% year-to-date and -58.77% over the past year.

To reach the target analysts have set, the stock logically needs to grow 58.82 percent from here.

Outstanding shares total 2.09M with insiders holding 0.53% of the shares and institutional holders owning 15.48% of the company’s common stock. The company has a return on investment of -709.58% and return on equity of -179.05%. The beta has a value of 1.05. Price to book ratio is 2.98.