Breaking: nCino, Inc. (NASDAQ: $NCNO) Tanks 33% In Premarket nCino, Inc., (NASDAQ: NASDAQ:NCNO ) a software-as-a-service company, that provides cloud-based software applications to financial institutions in the United States and internationally saw its shares plummet 32.93% in Wednesday's Premarket trading amid slowing growth in cloud banking and mortgage markets.
nCino shares slumped in after hours trading Tuesday (April 1) extending the loss to Wednesday's (April 2) premarket trading in the wake of guidance that anticipates slowing growth in the core cloud banking segments and mortgage markets, though a reacceleration is envisioned for fiscal year 2027.
in the current fiscal year (2026) first quarter, top-line growth should be in the high single-digits year over year, to a range of roughly $139 million to $140.7 million, which would be a slowdown from the 14% growth rate notched in the most recent quarter. Fiscal year guidance also disappointed investors, who sent the shares down by 28%.
The company also announced the appointment of Sean Desmond as CEO, succeeding Pierre Naudé, who becomes executive chairman.
Financial Performance
In 2024, nCino's revenue was $540.66 million, an increase of 13.45% compared to the previous year's $476.54 million. Losses were -$37.88 million, -10.55% less than in 2023.
Analyst Forecast
According to 13 analysts, the average rating for NCNO stock is "Buy." The 12-month stock price forecast is $40.38, which is an increase of 43.60% from the latest price.
Technical Outlook
As of the time of writing, NASDAQ:NCNO is down 32.93% in Wednesday's premarket trading. the asset's daily price chart depicts a bearish pennant or a bearish symmetrical triangle that resorted to the 33% dip. NASDAQ:NCNO shares close Tuesday's session with a RSI of 39.77 which is weaker for a trend reversal and also potent for a continuous trend.
There is a possible chance of a gap down pattern evolving which is a very strong bearish pattern. For now investors will have to wait for a favourable grounds mostly likely the 25 RSI pivot to capitalize on the dip.
NCNO trade ideas
nCino (NASDAQ: $NCNO) Looks Like A Monster Opportunity 🦖nCino, Inc., a software-as-a-service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its nCino Bank Operating System, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine learning (AI/ML) to enable financial institutions to onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance. The company's nCino IQ, an application suite that utilizes data analytics and AI/ML to provide its customers with automation and insights into their operations, such as tools for analyzing, measuring, and managing credit risk, as well as to enhance their ability to comply with regulatory requirements. It serves financial institution customers, including global financial institutions, enterprise banks, regional banks, community banks, credit unions, and new market entrants. The company was founded in 2011 and is headquartered in Wilmington, North Carolina.
NCINO TimingCloud system nCino Bank is using data analysis, artificial intelligence and machine learning, automates and optimizes the work of banks. nCino Bank is able to manage a whole range of processes - from opening an account to managing loans.
The company was founded at the end of 2011 in the USA by a team of bankers.
nCino went public in 2020.
NCINO Inc SimulationAnything below $60 is a buy from my perpective.
Generally speaking, I'd long-term invest in this company, because it's about IT solutions for banking system covering broad spectrum of financial institutions.
Highly recommend you to keep a close eye on simulation of its future price action, then leap.
$77 on 4/16 IdeaNothing earth-shattering here. NCNO is ping-ponging in this channel and I would expect it to go up to around $77 on or near 4/16.
I have a $70 call that expires on 4/16 as well as a credit put spread $65/$60 so naturally I REALLY REALLY want it to go as high as humanly possible by 4/16.
Earnings gave the stock a little bump but I was expecting more. Let's hope the April seasonality for equities is on track. But who knows!
Hot IPO that has cooled off. Ready for a trade.nCino - Market cap $6B - Hot IPO that has cooled off. Ready for a trade.
20 day MA is a weak support that might hold this time due to momentum and upcoming earnings. If 20 day MA holds, I'll expect the .6 fib to be our next ceiling. At that point, a new analysis is needed to see if you wish to hold through earnings.
Stop order around $69
I'm in @ $72.
By the way, great company prospects and earnings growth every quarter.
NCNO Technical Entry I am not a huge fan of fundamentals but technical and price target look acceptable for a technical based entry.
We have some things in our favor but, as I said , fundamentals not the best. So I am allocating only 20% of average capital used to position sizing on this one .
Good luck ~
Bottom FishingClose to IPO's bottom
Bottom is not always the bottom so check indicators. Bottom fishing can be dangerous but also can be rewarding
nCino, Inc., a software- as- a- service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its operating system offers customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting solutions. The company provides solutions for commercial banking, small business lending, retail banking, portfolio analytics, treasury management sales and on boarding, customer engagement, and asset finance and leasing, as well as global financial institutions, enterprise banks, regional banks, community banks, and credit unions. The company was formerly known as Bankr, LLC. The company was founded in 2011 and is headquartered in Wilmington, North Carolina.
Not a recommendation
$NCNO is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
nCino is a leading global provider of cloud-based software for financial institutions.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $79,00;
take-profit — $66,30;
stop-loss — $114,50.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.