NCI’s price-to-sales ratio: Is it a good investment opportunity?

Neo Concept International Group Holdings Ltd (NCI)’s stock has witnessed a price hike of 14.40% from the previous close with its current price standing at $0.84. Its current price is -92.67% under its 52-week high of $11.39 and 138.53% more than its 52-week low of $0.35. Based on the past 30-day period, the stock price is -18.49% below the high and +115.28% above the low.

How does Neo Concept International Group Holdings Ltd (NCI) stock rate among analysts? Buy, sell, or hold?

The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 3 brokerage firms that recommend the stock as a Hold. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 3.00 in simple terms.

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Neo Concept International Group Holdings Ltd (NCI): Earnings History

Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 2 different analysts, who are expecting earnings to fall in between the range of 0.27 and 0.25 with an average Earnings Estimate of 0.26 which is in contrast with the last year earnings estimate of 0.15 and also replicates 73.33% growth rate year over year.

Neo Concept International Group Holdings Ltd (NASDAQ: NCI) Ownership Details

I will give a breakdown of the key shareholders in Neo Concept International Group Holdings Ltd (NCI). Recent figures show that the company’s insiders hold 80.13% of shares. A total of 3 institutional investors hold shares in the company, making 0.49% of its stock and 2.49% of its float.

Jun 30, 2024, it was reported that the Company’s largest institutional holder is Two Sigma Securities, LLC holding total of 33.23 shares that make 0.16% of the company’s total number of shares and are currently priced at 29835.0.

The securities firm Clear Street LLC holds 3.6 shares of NCI, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 0.02%, and the holding percentage of shares is valued at 3232.0.

An overview of Neo Concept International Group Holdings Ltd’s technicals

In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Neo Concept International Group Holdings Ltd (NCI) traded 1,550,514 shares per day, with a moving average of $0.5367 and price change of +0.4195. With the moving average of $0.4938 and a price change of +0.2319, about 742,232 shares changed hands on average over the past 50 days. Finally, NCI’s 100-day average volume is 767,929 shares, alongside a moving average of $0.6319 and a price change of -0.2704.

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