nCino Plunges 20% in 3 Months: Is the Stock Worth Buying on the Dip?

nCino (NCNO) shares have plunged 19.9% over the trailing three months, underperforming the broader Zacks Computer & Technology sector’s rise of 2.2% and the Zacks Internet - Software industry’s return of 17.7%.The underperformance can be attributed to intense competition in the fintech industry, particularly from companies offering similar cloud-based solutions to financial institutions. Potential integration challenges from recent acquisitions have further contributed to NCNO’s struggles.Three Month Perfor ...