What is driving NCM.AX stock pre-market volume today?

NCM.AX stock shows heavy pre-market volume due to block trades, ETF rebalancing and possible commodity or asset-specific news. Relative volume at **24.52** indicates large buyers and sellers are active ahead of the ASX open.

What are the key valuation metrics for NCM.AX stock?

Key metrics: EPS **A$1.33**, PE **17.56**, PB **1.24**, debt/equity **0.17**, and free cash flow yield ~**3.44%**. These suggest a reasonable valuation versus Basic Materials peers.

What price targets and forecast apply to NCM.AX stock?

Meyka AI's forecast model projects **A$38.75** in 12 months (+65.99%). Conservative near-term target **A$22.00**, base **A$30.00**, bull **A$38.75**. Forecasts are model projections, not guarantees.

How does sector performance affect NCM.AX stock?

NCM.AX stock moves with the Basic Materials sector, which has shown strong YTD gains. Sector rallies driven by metals prices tend to lift major miners, while gold weakness can pressure the stock.

AU Stocks

A$23.35 NCM.AX Newcrest (ASX) pre-market Most Active 03 Feb 2026: heavy volume

ByDanny Kontos February 2, 2026

We see NCM.AX stock trading pre-market at A$23.35 on 03 Feb 2026, marked by very high volume (106,785,449) versus an average of 4,354,702. That 24.52x relative volume flags the share as one of the ASX most active names and suggests early liquidity and positioning ahead of catalysts. In this pre-market Most Active note we review fundamentals, trading flow, sector context and what could drive moves once Australian markets open.