Home Analysts Viewpoint Taking a Closer Look At NCR Corporation (NCR) Following Its Recent Trade

Taking a Closer Look At NCR Corporation (NCR) Following Its Recent Trade

Taking a Closer Look At NCR Corporation (NCR) Following Its Recent Trade

In a filing, NCR Corporation revealed its EVP, Product and Service Ops Button Adrian unloaded Company’s shares for reported $0.26 million on Oct 28. In the deal valued at $20.38 per share,13,000 shares were sold. As a result of this transaction, Button Adrian now holds 44,466 shares worth roughly $ 0.93 million.

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Then, Button Adrian sold 21,712 shares, generating $916,464 in total proceeds. Upon selling the shares at $42.21, the EVP, Product and Service Ops now owns 56,864 shares.

Morgan Stanley downgraded its NCR Corporation [NCR] rating to an Equal-weight from a an Overweight in a research note published on Monday, September 19, 2022; the price target was decreased to $27 from $38. PT values the company’s stock at a premium of 22.85 to its Monday closing price. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid November with a ‘”an Overweight”‘ rating. The Benchmark Company also remained covering NCR and reiterated its “Buy” recommendation on April 28, 2021. Morgan Stanley revised its rating on December 01, 2020. It rated NCR as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of NCR

On Monday, NCR Corporation [NYSE:NCR] saw its stock jump 3.53% to $20.83. On the same session, the stock had its day’s lowest price of $19.99, but rose to a high of $20.835. Over the last five days, the stock has lost -2.02%. NCR Corporation shares have fallen nearly -48.18% since the year began. Nevertheless, the stocks have fallen -52.66% over the past one year. While a 52-week high of $45.92 was reached on 02/16/22, a 52-week low of $18.06 was recorded on 10/13/22. SMA at 50 days reached $23.02, while 200 days put it at $32.43. A total of 1.87 million shares were traded, compared to the trading of 0.17 million shares in the previous session.

Levels Of Support And Resistance For NCR Stock

The 24-hour chart illustrates a support level at 20.27, which if violated will result in even more drops to 19.71. On the upside, there is a resistance level at 21.11. A further resistance level may holdings at 21.40. The Relative Strength Index (RSI) on the 14-day chart is 49.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.78%. Stochastics %K at 53.59% indicates the stock is a holding.

How much short interest is there in NCR Corporation?

A steep rise in short interest was recorded in NCR Corporation stocks on Jul 14, 2022, growing by 2.24 million shares to a total of 13.47 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 11.23 million shares. There was a rise of 16.63%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 10.62% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.44.

NCR Corporation [NCR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 12,035,463 shares, or roughly 8.79% of the outstanding NCR shares. In other words, the investor’s shares have fallen by -423,536 from its previous 13-F filing of 12458999.0. Additionally, BlackRock Fund Advisors increased 2.09% of its stake after which the total value it holdings stand at $202,463,477, while Allspring Global Investments LLC reduced -2.23% of its stake to hold $113.43 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 22,263 shares of NCR Corporation, while Engaged Capital LLC bought 0 shares. At present, Fuller & Thaler Asset Management, is holding 3,854,386 shares valued at $73.27 million. Fidelity Management & Research Co owned 3,791,832 shares of the company at the time of its most recent 13F filing, worth $72.08 million.

According to FactSet, NCR Corporation’s share price will average $29.38 in the next year, based on opinions of analysts polled by the firm. This is up nearly 44.14 percent from its previous closing price of $20.12. Analysts expect NCR Corporation stock to reach the higher price of $35.00, while the lowest price estimate is $24.00. However, 9 analysts have rated NCR stock as a Buy in their predictions for 2022.


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