Last Updated: 12 Oct 2024
Executive Summary
noco-noco Inc. (NCNC) is an early-stage decarbonization solution provider in Asia. The company's stock price has experienced significant volatility in recent months, reaching a 52-week low of $0.0949. However, the stock has since rebounded to $0.11.
Company Overview
noco-noco Inc. was founded in 2019 and is headquartered in Singapore. The company provides a range of decarbonization solutions, including energy efficiency, renewable energy, and carbon capture and storage. noco-noco Inc. has operations in Singapore, Malaysia, Thailand, and Indonesia.
Fundamental Analysis
noco-noco Inc.'s financial performance has been mixed. The company has reported losses in each of the past three fiscal years. However, revenue has grown steadily, from $0.5 million in fiscal 2020 to $1.5 million in fiscal 2022.
The company's gross profit margin has also improved in recent years, from -10.4% in fiscal 2020 to -3.3% in fiscal 2022. This suggests that noco-noco Inc. is becoming more efficient in its operations.
Technical Analysis
noco-noco Inc.'s stock price has been trading below its 50-day and 200-day moving averages. The stock is also below its 52-week high of $0.719. This suggests that the stock is in a downtrend.
The stock's relative strength index (RSI) is currently at 30. This suggests that the stock is oversold and could be due for a rebound.
Short Term Outlook
In the short term, noco-noco Inc.'s stock price is likely to remain volatile. The stock could continue to trade below its moving averages and 52-week high. However, the stock's RSI suggests that it could be due for a rebound.
Long Term Outlook
In the long term, noco-noco Inc.'s stock price is likely to be driven by the company's financial performance. If the company can continue to grow revenue and improve its gross profit margin, the stock price could rebound. However, if the company continues to report losses, the stock price could continue to decline.
Analyst Recommendations
Analysts are currently divided on noco-noco Inc.'s stock. Some analysts believe that the stock is undervalued and could be a good long-term investment. Other analysts believe that the stock is overvalued and could be due for a correction.
