Is It Worth Investing in Ibotta Inc. (NYSE: IBTA) Right Now?

The price-to-earnings ratio for Ibotta Inc. (NYSE: IBTA) is above average at 24.94x.

IBTA) stock’s latest price update

The stock price of Ibotta Inc. (NYSE: IBTA) has surged by 17.33 when compared to previous closing price of 88.00, PYMNTS reported 2024-04-18 that Ibotta shares leapt 33% during their debut on the New York Stock Exchange (NYSE) on Thursday (April 18). The stock debuted at $117 per share after pricing at $88 per share Wednesday (April 17), Axios reported Thursday.

IBTA 50-Day Moving Average

After a stumble in the market that brought IBTA to its low price for the period of the last 52 weeks, the company was N/A to rebound, for now settling with N/A of N/A for the given period.

During the last 5 trading sessions, IBTA fell by -11.75%, in comparison to the 20-day moving average. In addition, Ibotta Inc. saw 0.00% in overturn over a single year, with a tendency to cut further losses.

Conclusion

In summary, Ibotta Inc. (IBTA) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”.