Northern Technologies International Corporation [NASDAQ:NTIC] will report earnings after markets close on Thursday, January 7th.
NTIC Earnings Forecast For The Current Quarter
Northern Technologies International Corporation [NTIC] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $12M and an earnings per share of $0.05 for Nov 2020. Looking further ahead, the company is expected to report revenue of $11.6M at an EPS of $0.06 for Feb 2021. The estimates represent downside of 15.00% and 47.22% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
NTIC Earnings Estimates For The Current Year
For the financial year, Northern Technologies International Corporation [NASDAQ:NTIC] is expected to bring in revenue of $50.1M. The returns are nearly $2.46 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.36, higher than that of FY20 by $0.51. Estimates put this year’s earnings growth at 340.00%, 47.20% for the next, and at an annual 20.00% over the next 5-year period. As for sales, forecasts are for an increase of 5.20% in the current fiscal year and a further 15.00% over the following year.
NTIC Price Performance
On Wall Street, Northern Technologies International Corporation [NASDAQ:NTIC] finished Tuesday’s session up 3.88% at $10.97. The stock went up to $10.97 at the same session while its lowest single day price was $10.27. In the last five days, it saw a rise of about 7.02%, Northern Technologies International Corporation shares gained by almost 3.88% since the beginning of the year. However, the share price has dropped to as low as -26.28% below its one year high. On 01/05/21, the company shares recorded $10.97, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $10.27. The company’s shares have declined by -23.23% in the past year. The 50-day SMA achieved is $9.41 while the 200-day SMA is $8.39. Volume dropped to 13033.0 from 23000.0 in the previous session.
NTIC Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 10.50 level, and in case of violation of this particular level, it will cause more drop to 10.04 level. On the upper level, 11.44 is still the key resistance. The stock may increase to the subsequent resistance at 11.20. The Relative Strength Index (RSI) pinned on the 14-day chart is 73.96, implying an overbought technical stance while the MACD stands at 0.48, meaning price will decrease in the next trading period. Percent R indicator moved to 0.00%, implying bullish price movement. Stochastic %K at 89.74% suggest selling the stock.
Is Northern Technologies International Corporation [NASDAQ:NTIC] a Good Buy Right Now?
It should be noted that NTIC technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Northern Technologies International Corporation’s Trend Spotter indicated that the signals were Strongest. The stock current average is 13195.0 shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 10882.0 shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 12097.0 shares.
What is the short interest in Northern Technologies International Corporation?
Short interest in the Northern Technologies International Corporation stock has plunged, decreasing by 2650.0 shares to total 9350.0 shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 6700.0, data from Yahoo Finance shows. The increase of 28.34% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 0.12% of the overall float for the stock.
Northern Technologies International Corporation’s Biggest Shareholders: Who Owns Northern Technologies International Corporation [NTIC]?
Filings by Punch & Associates Investment Man showed that the firm now holds a total of 377,015 shares or roughly 4.14% of the outstanding NTIC shares. This means their shares have increased by 15,800 from the 377,015 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Dimensional Fund Advisors LP updated its stake worth $3,378,314. Details in the latest 13F filings reveal that 22NW LP acquired their 6.93% stake valued at $3,209,151 while Rutabaga Capital Management LLC cut theirs at $3,200,474. During the last quarter, 22NW LP raised 22,215 of its shares in Northern Technologies International Corporation. The Vanguard Group, Inc.’s holdings currently number 339,151 shares at $3720486.47. According to the firm’s last 13F report, Perritt Capital Management, Inc. shares in the company at filing stood at 324,240 shares, roughly $3,034,886.
What are analyst thoughts on Northern Technologies International Corporation?
Looking forward to the Northern Technologies International Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Northern Technologies International Corporation stock at $15.00 within the next 12 months, which represents almost 26.87 per cent growth from its previous closing price of $10.97. The highest analysts’ target for Northern Technologies International Corporation stock projections is $15.00 and the lowest one is $15.00. Still, 1 analysts sharing their consensus rating for NTIC stock in 2021 agree that it is a Buy.