Nuance Communications Inc. (NASDAQ:NUAN) shares fell to a low of $39.93 before closing at $40.35. Intraday shares traded counted 3.6 million, which was -16.99% lower than its 30-day average trading volume of 3.08M. NUAN’s previous close was $42.58 while the outstanding shares total 283.82M. The firm has a beta of 1.26. The stock’s Relative Strength Index (RSI) is 31.73, with weekly volatility at 6.67% and ATR at 2.26. The NUAN stock’s 52-week price range has touched low of $13.51 and a $51.62 high. The stock traded lower over the last trading session, losing -5.24% on 03/08/21.
Investors have identified the Software – Application company Nuance Communications Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $11.37 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Nuance Communications Inc. (NUAN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NUAN, the company has in raw cash 299.45 million on their books with 1.05 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 784.2 million total, with 1.6 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 0.48 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NUAN sounds very interesting.
Is the stock of NUAN attractive?
In related news, EVP & Chief Financial Officer, Tempesta Daniel David sold 21,000 shares of the company’s stock in a transaction that recorded on Mar 01. The sale was performed at an average price of 45.33, for a total value of 952,000. As the sale deal closes, the EVP & GM, Healthcare Division, Nole Diana L now sold 1,836 shares of the company’s stock, valued at 77,185. Also, EVP & Chief Technology Officer, Petro Joseph Carl sold 59,523 shares of the company’s stock in a deal that was recorded on Nov 25. The shares were price at an average price of 42.01 per share, with a total market value of 2,500,811. Following this completion of acquisition, the Chief Executive Officer, Benjamin Mark D now holds 117,946 shares of the company’s stock, valued at 4,914,409. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.00%.
7 out of 8 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Nuance Communications Inc.. 0 analysts has assigned a Sell rating on the NUAN stock. The 12-month mean consensus price target for the company’s shares has been set at $58.00.