If you haven't checked the price of NCR stock in a while, you're probably in for a massive shock when you open your brokerage app. You might even think your account was hacked or that the company went bankrupt overnight.
Honestly, the "NCR" ticker you remember doesn't even exist anymore.
Back in late 2023, the 140-year-old giant—the guys who basically invented the cash register—decided to pull a "it's not you, it's me" and split into two completely different companies. It wasn't just a name change; it was a total divorce. If you were holding shares of the old NCR, you now own a mix of NCR Voyix (VYX) and NCR Atleos (NATL).
Today, as of mid-January 2026, the price of NCR stock (now trading as VYX) is hovering around $10.87. Meanwhile, its "sibling" company, Atleos (NATL), is sitting much higher at roughly $40.74.
But don't let those numbers fool you. A higher price doesn't always mean a better business.
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The $10 vs $40 Divide: What Happened?
Basically, the split was designed to separate the "old school" ATM business from the "new school" software and commerce side.
- NCR Voyix (VYX): This is the "parent" company. They kept the retail and restaurant software. If you see a digital kiosk at a fast-food joint or a self-checkout lane at a grocery store, that’s likely Voyix.
- NCR Atleos (NATL): This is the ATM arm. They handle the hardware, the cash maintenance, and the global network of machines.
When the split happened, investors got 1 share of NATL for every 2 shares of NCR they owned. Because the ATM business (NATL) has higher immediate earnings and a massive global footprint, its share price has consistently stayed higher than the software-focused Voyix.
Breaking Down the Current VYX Numbers
Looking at the price of NCR stock (VYX) right now, it’s been a bit of a rollercoaster. Over the last 52 weeks, it’s swung from as low as $7.55 to a high of $14.67.
Why the volatility? Software is a tough game. Voyix is trying to move away from selling "boxes" (hardware) and toward selling "subscriptions" (SaaS). Wall Street loves subscriptions because they’re predictable, but the transition is messy. Revenue in late 2025 was around $684 million for the quarter, which was actually down a bit from the year before. However, their "Adjusted EBITDA" (a fancy way of saying profit before the accountants get involved) actually went up to $125 million.
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Why the Market is Sorta Confused
Investors are currently treating these two like distant cousins who don't talk at Thanksgiving.
NATL (the ATM side) is currently trading near its all-time highs. It hit $40.72 in early January 2026. People like it because it generates a ton of cash. Even though we’re moving toward a "cashless" society, the world still needs ATMs, and Atleos is the king of that hill.
On the flip side, VYX (the stock that used to be NCR) is considered a "show me" story. Analysts at places like Public.com and Zacks generally have a "Buy" rating on it, but they’re waiting to see if the software growth can actually outpace the decline in hardware sales.
Analyst Sentiment for 2026
- VYX Consensus: Most analysts have a "Buy" or "Strong Buy" rating. They’re betting on cost-cutting measures and the push into cloud-native platforms.
- NATL Consensus: It’s more of a "Hold" or "Moderate Buy." Since it’s already trading near its high, there’s less room for a massive "moon shot" unless they announce a big acquisition.
The "Hidden" Risks Nobody Mentions
You’ve gotta be careful with the price of NCR stock because of the debt. When the companies split, they had to divide up a massive pile of debt like a couple fighting over credit card bills in a divorce.
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Voyix (VYX) is currently carrying a significant debt load. This makes the stock "leveraged," meaning if the economy takes a dump and restaurants stop buying software, the stock price could drop much faster than a more stable company.
Also, keep an eye on the "short float." For VYX, it’s been sitting around 17.5%. That means a lot of traders are betting the price will go down. If the company releases a killer earnings report, those shorts might have to buy back their shares, causing what’s known as a "short squeeze."
Is the Price of NCR Stock a Bargain?
If you look at the P/E ratio, VYX looks expensive (around 59x), but that’s because their reported earnings are still suppressed by the costs of the split. If you look at "forward earnings," it's much cheaper.
Kinda like buying a house that needs a new roof—it looks like a bad deal on paper until you realize the neighborhood is about to explode in value.
Actionable Next Steps for Investors
- Check Your Cost Basis: If you’ve held NCR since before October 2023, your "cost basis" (what you paid) is now split between VYX and NATL. Check your IRS Form 8937 or your broker statement. Don't just look at the $10 price and think you're down 80%.
- Watch the February Earnings: VYX is expected to report earnings around February 26, 2026. This will be the first "clean" look at how their software transition is going without the noise of the split.
- Evaluate the Sector: Are you betting on restaurants and retail (VYX) or banking infrastructure and cash access (NATL)? They are no longer the same trade.
- Monitor the Sell-offs: VYX has a habit of dropping 7-10% on "okay" news. If you’re a long-term believer, these dips have historically been the entry points used by institutional buyers.
The price of NCR stock isn't just a single number on a ticker anymore. It's a tale of two companies trying to find their identity in a world that's moving faster than their 19th-century roots. Whether you're looking at the $10 software play or the $40 ATM powerhouse, the "new" NCR is a much more complex animal than the one your grandfather owned.
To stay ahead, track the "Software ARR" (Annual Recurring Revenue) for Voyix. That’s the real heartbeat of the stock. If that number keeps growing at 10-15%, the current $10 price tag might look like a steal by this time next year.