Nuance Communications Inc. [NUAN] shares are up more than 124.11% this year and recently decreased -0.01% or -$0.22 to settle at $32.98. Analysts expect NUAN to shrink earnings at a -4.60% annual rate over the next 5 years. NUAN has a short ratio of 4.54. This implies that the market is currently less bullish on the outlook for NUAN.

On 15, September 2020, Nuance and Microsoft announce the integration of Dragon Ambient eXperience and Microsoft Teams for virtual telehealth consults. According to news published on Yahoo Finance, AI-powered ambient clinical intelligence accelerates the adoption of telehealth workflow solutions to improve patient experiences and health outcomes while reducing physician burnout.

Analyst Birdseye View:

The most recent analyst activity for Nuance Communications Inc. [NASDAQ:NUAN] stock was on June 29, 2020, when it was Initiated with an Outperform rating from SVB Leerink, which also raised its 12-month price target on the stock to $31. On April 14, 2020, Guggenheim Initiated a Neutral rating. On January 13, 2020, Morgan Stanley Upgrade an Overweight rating and increased its price target from $15 to $23. On January 15, 2019, Morgan Stanley Downgrade an Equal-weight rating. On October 19, 2018, Wedbush Initiated an Outperform rating and boosted its amount on this stock to $22. On August 09, 2018, Stifel Reiterated a Hold rating and boosted its target amount on this stock from $15 to $17.

In the past 52 weeks of trading, this stock has oscillated between a low of $13.51 and a peak of $34.12. Right now, the middling Wall Street analyst 12-month amount mark is $33.00. At the most recent market close, shares of Nuance Communications Inc. [NASDAQ:NUAN] were valued at $32.98. According to the average price forecast, investors can expect a potential return of 1.73%.

FUNDAMENTAL ANALYSIS

Nuance Communications Inc. [NASDAQ:NUAN] most recently reported quarterly sales of 338.4 billion, which represented growth of -10.30%. This publicly-traded organization’s revenue is $225,073 per employee, while its income is $14,116 per employee. This company’s Gross Margin is currently 57.40%, its Operating Margin is 9.50%, its Pretax Margin is +1.41, and its Net Margin is +6.27. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 2.14, 5.91, 5.54 and 3.34 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 47.33 and the whole liability to whole assets at 36.09. It shows enduring liability to the whole principal at 19.40 and enduring liability to assets at 0.15 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 32.42 points at 1st support level, the second support level is making up to 31.86. But as of 1st resistance point, this stock is sitting at 33.30 and at 33.62 for 2nd resistance point.

Nuance Communications Inc. [NUAN] reported its earnings at $0.18 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.12/share signifying the difference of 0.06 and 50.00% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.21 calling estimates for $0.17/share with the difference of 0.04 depicting the surprise of 23.50%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Nuance Communications Inc. [NASDAQ:NUAN] is 1.30. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.41. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.60, it’s amount to book ratio is 2.16 and showing 60.62 of P/E (TTM) ratio.

Insider Stories

Shifting our attention to insider trading activity, during the past six months, there have been 58 insider sales representing 334,889 shares. The most recent insider trade was by Giterman Arthur G., SVP & Chief Accounting Officer, and it was the sale of 2472.0 shares on Sep 15. Giterman Arthur G., the Senior Vice President and Chie, completed a sale of 4000.0 shares on Sep 01. On Jul 01, Tempesta Daniel David, Executive Vice President and C, completed a sale of 2833.0 shares.