The Week Ahead: Are Investors Really Too Optimistic About noco-noco Inc (NASDAQ: NCNC)

noco-noco Inc (NASDAQ:NCNC) currently has a daily average trading volume of 6.04M but it saw 3499303 shares traded in last market. With a market cap of 25.22M USD, the company’s current market price of $0.14 came rising about 0.39 while comparing to the previous closing price of $0.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.23 and as low as $0.12. In the recent trading on the day, stock has struck highest price mark of $0.1218 while lowest mark touched by it was $0.1514.

Taking a look at 20-day trading activity of noco-noco Inc (NCNC) gives us an average price of $0.1634, while its current price level is -88.45% below from 52-week high level whereas it is 14.46% 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 $0.1795 while that of 200 days or SMA-200 reads an average of $0.1968. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.45% during that period while stretching the period over a month that decreases to 12.99%. 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 40.52 which implies that the stock is in neutral territory.

Over the week, NCNC’s stock price is moving -11.88% down while it is -26.09% when we observe its performance for the past one month. Year-to-date it is -23.34% down and over the past year, the stock is showing a downside performance of -85.18%.

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 2.18. Stock’s beta reads 1.24. Stock has a price to book (P/B) ratio of 0.02. Its return on asset (ROA) is 0.91% on average.