On 3/26/2024, nCino (NCNO) reported earnings of $0.20 per share on revenue of $123.69 million for the fiscal fourth quarter ended January 2024. The consensus earnings estimate was $0.12 per share on revenue of $124.62 million.
nCino, Inc., a software-as-a-service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its nCino Bank Operating System, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine...
Cloud system nCino Bank is using data analysis, artificial intelligence and machine learning, automates and optimizes the work of banks. nCino Bank is able to manage a whole range of processes - from opening an account to managing loans. The company was founded at the end of 2011 in the USA by a team of bankers. nCino went public in 2020.
Anything below $60 is a buy from my perpective. Generally speaking, I'd long-term invest in this company, because it's about IT solutions for banking system covering broad spectrum of financial institutions. Highly recommend you to keep a close eye on simulation of its future price action, then leap.
Nothing earth-shattering here. NCNO is ping-ponging in this channel and I would expect it to go up to around $77 on or near 4/16. I have a $70 call that expires on 4/16 as well as a credit put spread $65/$60 so naturally I REALLY REALLY want it to go as high as humanly possible by 4/16. Earnings gave the stock a little bump but I was expecting more. Let's hope...
Based on my fundamental analysis I have set an $85 price target for NCNO. I believe this current price offers a good buying opportunity.
nCino - Market cap $6B - Hot IPO that has cooled off. Ready for a trade. 20 day MA is a weak support that might hold this time due to momentum and upcoming earnings. If 20 day MA holds, I'll expect the .6 fib to be our next ceiling. At that point, a new analysis is needed to see if you wish to hold through earnings. Stop order around $69 I'm in @ $72. By the...
We just had a breakout, however, the volume was low. That is why I expect a backtest or some correction before continue heading higher. Let's see if it plays out.
See text in chart - bull and bear theses outlined.
I am not a huge fan of fundamentals but technical and price target look acceptable for a technical based entry. We have some things in our favor but, as I said , fundamentals not the best. So I am allocating only 20% of average capital used to position sizing on this one . Good luck ~
Banks have software from the 70's, NCNO is software from the 2010's, its just science.
Close to IPO's bottom Bottom is not always the bottom so check indicators. Bottom fishing can be dangerous but also can be rewarding nCino, Inc., a software- as- a- service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its operating system offers customer relationship management, customer...
$NCNO $CRSR $SNOW $API
Swing Trade Idea: (Provided the market doesn't go lower) $NCNO - Recent IPO with a strong Balance sheet. Currently trading at IPO price range. Scale into this trade!
Wave 1 and wave 2 completed, wave 3 starting strong target : 118-129 cut loss : 82.5 (not financial advice)