India Globalization Capital Inc. (AMEX:IGC) went down by -18.78% from its latest closing price compared to the recent 1-year high of $4.50. The company’s stock price has collected -11.98% of loss in the last five trading sessions. MarketWatch.com reported 6 hours ago that SEC takes enforcement action against IGC for claims made about cannabis-based treatment for Alzheimer’s symptoms
Is It Worth Investing in India Globalization Capital Inc. (AMEX :IGC) Right Now?
Plus, the 36-month beta value for IGC is at 5.07. Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for India Globalization Capital Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $3.05. IGC currently public float of 37.28M and currently shorts hold a 6.46% ratio of that float. Today, the average trading volume of IGC was 3.52M shares.
IGC’s Market Performance
IGC stocks went down by -11.98% for the week, with a monthly drop of -15.03% and a quarterly performance of -5.16%, while its annual performance rate touched 124.87%. The volatility ratio for the week stands at 19.49% while the volatility levels for the past 30 days are set at 11.18% for India Globalization Capital Inc.. The simple moving average for the period of the last 20 days is -15.48% for IGC stocks with a simple moving average of 43.48% for the last 200 days.
IGC Trading at -7.95% from the 50-Day Moving Average
After a stumble in the market that brought IGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.33% of loss for the given period.
Volatility was left at 11.18%, however, over the last 30 days, the volatility rate increased by 19.49%, as shares sank -13.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.83% upper at present.
During the last 5 trading sessions, IGC fell by -11.98%, which changed the moving average for the period of 200-days by +135.58% in comparison to the 20-day moving average, which settled at $1.7283. In addition, India Globalization Capital Inc. saw -5.77% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at IGC starting from PRINS RICHARD K, who sale 50,000 shares at the price of $2.04 back on Dec 01. After this action, PRINS RICHARD K now owns 745,000 shares of India Globalization Capital Inc., valued at $102,000 using the latest closing price.
MUKUNDA RAM, the Exec. Chairman & CEO of India Globalization Capital Inc., sale 80,000 shares at $2.34 during a trade that took place back on Nov 30, which means that MUKUNDA RAM is holding 2,824,760 shares at $187,024 based on the most recent closing price.
Stock Fundamentals for IGC
Current profitability levels for the company are sitting at:
- -168.57 for the present operating margin
- -0.47 for the gross margin
The net margin for India Globalization Capital Inc. stands at -179.64. The total capital return value is set at -22.62, while invested capital returns managed to touch -24.14. Equity return is now at value -31.70, with -28.90 for asset returns.
Based on India Globalization Capital Inc. (IGC), the company’s capital structure generated 2.02 points at debt to equity in total, while total debt to capital is 1.98. Total debt to assets is 1.85, with long-term debt to equity ratio resting at 1.83. Finally, the long-term debt to capital ratio is 1.79.
When we switch over and look at the enterprise to sales, we see a ratio of 1.85, with the company’s debt to enterprise value settled at 0.07. The receivables turnover for the company is 37.53 and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.12.