NICE Ltd (NICE) Stock Dips Over 5% Amid Market Fluctuations

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Nov 15, 2024
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Nice Ltd (NICE, Financial) experienced a notable stock price drop of 5.08%. The stock is trading at $172.94 per share with a trading volume of approximately 589,484 shares, resulting in a turnover rate of 0.94% and a price fluctuation of 3.68%.

According to recent financial reports, NICE achieved a revenue of $664 million and a net profit of $116 million, translating to earnings per share of $1.82. The company's gross profit stands at $440 million, with a price-to-earnings ratio of 28.88.

Analyst ratings show strong support for NICE, with 89% of the 18 brokerages giving a "buy" recommendation, while 11% suggest holding the stock. There are no "sell" recommendations from any participating analysts.

Within the software services industry, where NICE is categorized, the overall sector saw a decline of 2.56%. Notable gainers in related stocks include Simpple Ltd, Nerdy Inc, and Aeye Inc. Meanwhile, Simpple Ltd, Nukkleus Inc, and Jet.AI showed significant activity with turnover rates of 993.63%, 26.78%, and 12.29% respectively. Stocks with significant price fluctuations include Simpple Ltd (80.41%), Nukkleus Inc (56.67%), and Swvl Holdings Corp (53.90%).

NICE is a business software company providing data-driven solutions for customer engagement and financial crime compliance markets. Their CXone platform offers contact center and workforce engagement management solutions, including digital self-service and experience optimization tools. In financial crime and compliance, NICE provides risk management, fraud prevention, anti-money laundering, and compliance solutions.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.