NICE Ltd. (NICE) Stock: Why It’s Headed Down

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NICE Ltd. (NICE) is working its way for to the top in the market today. The stock, focused in the technology industry, is presently trading at $124.42 after tumbling 1.56% so far today. As it relates to technology companies, there are several factors that have the potential to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories centered around NICE:

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Mar-25-19 06:30AM NICE Quality Central Receives Unified Communications Excellence Award by INTERNET TELEPHONY Magazine
Mar-20-19 06:30AM NICE inContact Announces New CXone Packages Integrated with Salesforce
Mar-19-19 06:30AM NICE Actimize Selected by IDB Bank NY to Innovate Anti-Money Laundering Compliance and Investigation Management Using Advanced AI
Mar-18-19 06:30AM NICE Performance Management Wins CUSTOMER Magazine’s Workforce Optimization Innovation Award
Mar-14-19 06:30AM Domestic Bank in Vietnam Chooses NICE Real-Time Authentication to Help Protect Customers from Fraud Attempts

However, when making an investing decision, investors should look into much more than just news, this is especially the case in the ever evolving technology sector. Here’s what’s happening in regard to NICE Ltd..

Recent Moves From NICE

While a single session decline, like the fall that we’re seeing from NICE Ltd. may cause fear in some investors, a single session fall alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s generally smart to look at trends for a period longer than a single trading day. As it relates to NICE, below are the trends that we have seen:

  • Weekly – Over the last 5 trading sessions, NICE has generated a change in price amounting to 7.05%.
  • Monthly – The return on investment from NICE Ltd. throughout the past 30 days comes to 5.38%.
  • Past Three Months – Throughout the last three months, the company has generated a return on investment that comes to 15.96%
  • Past Six Months – In the last six months, we have seen a change that equates to 9.12% from the company.
  • This Year So Far – Since the the last trading session of last year NICE has resulted in a return on investment of 14.98%.
  • Annually – Lastly, in the past full year, investors have seen movement of 32.46% from NICE. In this period, the stock has sold at a high price of 0.69% and a low of 40.21%.

Important Ratios

Digging into various ratios having to do with a stock generally gives traders a view of just how dangerous and/or rewarding a pick might be. Here are a few of the most important ratios to consider when looking at NICE.

Short Ratio – The short ratio is a tool that’s used by investors to measure the amount of short interest. As the ratio heads up, it means that more investors have a belief that the value of the stock is going to go down. Across the sector, strong tech stocks can have a lower short ratio. On the other hand, we also see quite a few short squeezes in the sector. Nonetheless, with regard to NICE Ltd., it’s short ratio comes to 8.07.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Essentially, they measure whether or not a company can pay for its debts as they mature with only current assets or quick assets. In the technology sector, companies rely heavily on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can seem bad. However, quite a few good picks in the technology industry come with great current and quick ratios. As far as NICE, the quick and current ratios total up to 1.40 and 1.40 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets owned by the company to the share price. In this particular case, the book to share value ratio comes in at 32.62.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. As it relates to NICE, the cash to share value is 7.86.

What Are Big Money Players Doing With NICE Ltd.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in NICE, here’s what we’re seeing:

Institutions own 46.60% of the company. Institutional interest has moved by 0.44% over the past three months. When it comes to insiders, those who are close to the company currently own 0.11% percent of NICE shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

How Analysts Feel About NICE Ltd.

While it’s rarely a smart idea to blindly follow the opinions of analysts, it is a good idea to use their thoughts when validating your own due diligence before making an investment decision in the technology industry. Here are the recent moves that we have seen from analysts when it comes to NICE.

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Oct-19-18 Initiated Wedbush Outperform $130
May-08-18 Initiated Morgan Stanley Equal-Weight $101
Feb-21-18 Reiterated Chardan Capital Markets Neutral $91 → $99
Jan-18-18 Upgrade Jefferies Hold → Buy
Nov-06-17 Downgrade Chardan Capital Markets Buy → Neutral $91

What We’ve Seen In earnings results

What have ween seen from NICE in terms of financial results?Here is the data:

  • Analyst Expectations – Currently, analysts expect that the company will generate EPS of 5.66, with 1.11 being announced in the next financial report. Although this information isn’t associated with earnings, since we’re chatting about analysts, NICE is presently rated a 2.40 considering a scale that ranges from 1 to 5 on which 1 is the poorest possible Wall St. analyst grade and 5 is the best.
  • 5-Year Sales – In the last 5 years, NICE Ltd. has reported a movement in sales volume in the amount of 8.80%. EPS over the last 5 years have experienced a change of 23.00%.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings performance, or Q/Q data as it is commonly represented in the world of humans, the company has created a change in earnings that amounts to 26.30%. The company has also experienced a change in regard to revenue that adds up to 4.70%.

Looking At Share Counts

Investors and traders tend to have an interest in the amounts of shares both outstanding and available. In terms of NICE Ltd., currently there are 61.82M with a float of 60.67M. This means that of the total of 61.82M shares of NICE that are out there today, 60.67M are able to be traded by the public.

It’s also important to follow the short percentage of the float. After all, if a high portion of the float available for trading is sold short, the overall opinion in the market is that the stock is going to take a dive. As far as NICE, the percentage of the float that is sold short is 2.15%. In general, high short percent of the float would be anything over 40%. However, I’ve found that any short ratio over 26% is generally a risky play.

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