NICE Stock Summary and Trading Ideas (Nice - American Depositary Shares Each Representing One Ordinary Share | NASDAQ:NICE)

Nice is an enterprise software company that serves the customer engagement and financial crime and compliance markets. The company provides data analytics-based solutions through both a cloud platform and on-premises infrastructure. Within customer engagement, Nice's CXone platform delivers solutions focused on contact center software and workforce engagement management, or WEM. Contact center offerings include solutions for digital self-service, customer journey and experience optimization, and compliance. WEM products optimize call center efficiency, leveraging data and AI analytics for call volume forecasting and agent scheduling. Within financial crime and compliance, Nice offers risk and investigation management, fraud prevention, anti-money laundering, and compliance solutions.

Nice - American Depositary Shares Each Representing One Ordinary Share trades on the NASDAQ stock market under the symbol NICE.

As of April 22, 2024, NICE stock price climbed to $224.42 with 240,186 million shares trading.

NICE has a beta of 1.93, meaning it tends to be more sensitive to market movements. NICE has a correlation of 0.41 to the broad based SPY ETF.

NICE has a market cap of $14.15 billion. This is considered a Large Cap stock.

Last quarter Nice - American Depositary Shares Each Representing One Ordinary Share reported $623 million in Revenue and $2.36 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.10.

In the last 3 years, NICE stock traded as high as $319.88 and as low as $149.54.

The top ETF exchange traded funds that NICE belongs to (by Net Assets): CGXU, ROBT, ITEQ, QQQJ, FMCX.

NICE has underperformed the market in the last year with a price return of +6.5% while the SPY ETF gained +22.3%. However, in the short term, NICE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.7% vs +3.9% return in SPY. But in the last 2 weeks, NICE shares have been beat by the market, returning -8.1% compared to an SPY return of -3.6%.

NICE support price is $219.93 and resistance is $228.45 (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 NICE stock will trade within this expected range on the day.