The stock of Independence Realty Trust Inc. (IRT) has gone down by -0.77% for the week, with a 5.71% rise in the past month and a -7.34% drop in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are 2.48% for IRT. The simple moving average for the past 20 days is -0.86% for IRT’s stock, with a -4.49% simple moving average for the past 200 days.
Is It Worth Investing in Independence Realty Trust Inc. (NYSE: IRT) Right Now?
Independence Realty Trust Inc. (NYSE: IRT) has a price-to-earnings ratio that is above its average at 73.07x. and a 36-month beta value of 1.00. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The average price predicted for Independence Realty Trust Inc. (IRT) by analysts is $20.42, which is $3.76 above the current market price. The public float for IRT is 222.66M, and at present, short sellers hold a 3.56% of that float. On May 26, 2023, the average trading volume of IRT was 1.85M shares.
IRT) stock’s latest price update
Independence Realty Trust Inc. (NYSE: IRT)’s stock price has plunge by -0.24relation to previous closing price of 16.70. Nevertheless, the company has seen a -0.77% plunge in its stock price over the last five trading sessions.
IRT Trading at 2.61% from the 50-Day Moving Average
After a stumble in the market that brought IRT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.43% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares surge +1.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.46% upper at present.
During the last 5 trading sessions, IRT fell by -0.77%, which changed the moving average for the period of 200-days by -23.68% in comparison to the 20-day moving average, which settled at $16.81. In addition, Independence Realty Trust Inc. saw -1.19% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IRT starting from SCHAEFFER SCOTT, who sale 16,656 shares at the price of $17.26 back on Dec 07. After this action, SCHAEFFER SCOTT now owns 567,209 shares of Independence Realty Trust Inc., valued at $287,483 using the latest closing price.
SCHAEFFER SCOTT, the Chair of Board & CEO of Independence Realty Trust Inc., sale 155,830 shares at $17.24 during a trade that took place back on Dec 06, which means that SCHAEFFER SCOTT is holding 583,865 shares at $2,686,509 based on the most recent closing price.
Stock Fundamentals for IRT
Current profitability levels for the company are sitting at:
- +14.38 for the present operating margin
- +18.59 for the gross margin
The net margin for Independence Realty Trust Inc. stands at +18.65. The total capital return value is set at 1.42, while invested capital returns managed to touch 1.89. Equity return is now at value 1.40, with 0.80 for asset returns.
Based on Independence Realty Trust Inc. (IRT), the company’s capital structure generated 73.26 points at debt to equity in total, while total debt to capital is 42.28. Total debt to assets is 40.34, with long-term debt to equity ratio resting at 72.99. Finally, the long-term debt to capital ratio is 42.13.
When we switch over and look at the enterprise to sales, we see a ratio of 9.92, with the company’s debt to enterprise value settled at 0.41.
Conclusion
To sum up, Independence Realty Trust Inc. (IRT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
