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 11.14M but it saw 9671824 shares traded in last market. With a market cap of 15.37M USD, the company’s current market price of $0.11 came falling about -19.00 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 $0.44 and as low as $0.09. In the recent trading on the day, stock has struck highest price mark of $0.1028 while lowest mark touched by it was $0.1269.

Taking a look at 20-day trading activity of noco-noco Inc (NCNC) gives us an average price of $0.1221, while its current price level is -74.23% below from 52-week high level whereas it is 19.49% 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 $0.1488 while that of 200 days or SMA-200 reads an average of $0.1869. A closer look into the stock’s movement over the week reveals that its volatility is standing at 53.05% during that period while stretching the period over a month that decreases to 21.00%. 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 43.95 which implies that the stock is in neutral territory.

Over the week, NCNC’s stock price is moving 9.25% up while it is -19.06% when we observe its performance for the past one month. Year-to-date it is -38.80% down and over the past year, the stock is showing a downside performance of -74.86%.

Currently, noco-noco Inc’s total number of outstanding shares is 135.43M. Company’s return on equity (ROE) at 399.60%. Stock’s beta reads 1.19.