NCMI Stock Summary and Trading Ideas (National Cinemedia | NASDAQ:NCMI)

National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.

National Cinemedia trades on the NASDAQ stock market under the symbol NCMI.

As of April 18, 2024, NCMI stock price declined to $4.43 with 515,388 million shares trading.

NCMI has a beta of 2.28, meaning it tends to be more sensitive to market movements. NCMI has a correlation of 0.05 to the broad based SPY ETF.

NCMI has a market cap of $429.82 million. This is considered a Small Cap stock.

Last quarter National Cinemedia reported $91 million in Revenue and $.24 earnings per share. This beat revenue expectation by $10 million and exceeded earnings estimates by $.16.

In the last 3 years, NCMI stock traded as high as $53.70 and as low as $1.01.

The top ETF exchange traded funds that NCMI belongs to (by Net Assets): VTI, VXF, DWAS, PRFZ, ITOT.

NCMI has underperformed the market in the last year with a price return of +18.1% while the SPY ETF gained +22.3%. NCMI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +5.5% and -21.0%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

NCMI support price is $4.29 and resistance is $4.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NCMI stock will trade within this expected range on the day.