IronNet Inc. (NYSE:IRNT) went down by -4.67% from its latest closing price compared to the recent 1-year high of $47.50. The company’s stock price has collected -14.75% of loss in the last five trading sessions. Press Release reported on 11/15/21 that The LGL Group Reports Third Quarter 2021 Results
Is It Worth Investing in IronNet Inc. (NYSE :IRNT) Right Now?
Opinions of the stock are interesting as 1 analysts out of 3 who provided ratings for IronNet Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $24.33, which is $15.14 above the current price. IRNT currently public float of 53.30M and currently shorts hold a 8.20% ratio of that float. Today, the average trading volume of IRNT was 7.82M shares.
IRNT’s Market Performance
IRNT stocks went down by -14.75% for the week, with a monthly drop of -11.38% and a quarterly performance of -9.28%, while its annual performance rate touched -7.96%. The volatility ratio for the week stands at 7.77% while the volatility levels for the past 30 days are set at 11.31% for IronNet Inc.. The simple moving average for the period of the last 20 days is -19.05% for IRNT stocks with a simple moving average of -22.28% for the last 200 days.
Analysts’ Opinion of IRNT
Many brokerage firms have already submitted their reports for IRNT stocks, with Jefferies repeating the rating for IRNT by listing it as a “Hold.” The predicted price for IRNT in the upcoming period, according to Jefferies is $27 based on the research report published on September 29th of the current year 2021.
Needham, on the other hand, stated in their research note that they expect to see IRNT reach a price target of $29. The rating they have provided for IRNT stocks is “Buy” according to the report published on September 27th, 2021.
IRNT Trading at -41.36% from the 50-Day Moving Average
After a stumble in the market that brought IRNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.65% of loss for the given period.
Volatility was left at 11.31%, however, over the last 30 days, the volatility rate increased by 7.77%, as shares sank -10.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -60.59% lower at present.
During the last 5 trading sessions, IRNT fell by -14.75%, which changed the moving average for the period of 200-days by -17.87% in comparison to the 20-day moving average, which settled at $11.30. In addition, IronNet Inc. saw -9.19% 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 IRNT starting from Alexander Keith Brian, who sale 24,100 shares at the price of $10.12 back on Nov 22. After this action, Alexander Keith Brian now owns 11,053,024 shares of IronNet Inc., valued at $243,892 using the latest closing price.
Alexander Keith Brian, the Co-CEO, President & Chairman of IronNet Inc., sale 90,000 shares at $10.34 during a trade that took place back on Nov 15, which means that Alexander Keith Brian is holding 11,077,124 shares at $930,600 based on the most recent closing price.
Stock Fundamentals for IRNT
The total capital return value is set at -0.40, while invested capital returns managed to touch -5.66.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.58.