Infobird Co Ltd (NASDAQ: IFBD)’s stock price has plunge by 16.12relation to previous closing price of 3.69. Nevertheless, the company has seen a 10.72% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-06 that Infobird (NASDAQ: IFBD ) stock is rising higher on Wednesday as the software-as-a-service (SaaS) and artificial intelligence ( AI ) company experiences heavy trading this morning. That heavy trading has resulted in more than 3.8 million shares of the company’s stock being traded as of this writing.
Is It Worth Investing in Infobird Co Ltd (NASDAQ: IFBD) Right Now?
The 36-month beta value for IFBD is at 1.24.
The public float for IFBD is 1.34M, and currently, shorts hold a 7.67% of that float. The average trading volume for IFBD on April 26, 2024 was 884.73K shares.
IFBD’s Market Performance
The stock of Infobird Co Ltd (IFBD) has seen a 10.72% increase in the past week, with a -1.49% drop in the past month, and a 7.79% gain in the past quarter. The volatility ratio for the week is 5.36%, and the volatility levels for the past 30 days are at 13.24% for IFBD. The simple moving average for the last 20 days is 3.84% for IFBD stock, with a simple moving average of -84.86% for the last 200 days.
IFBD Trading at -39.29% from the 50-Day Moving Average
After a stumble in the market that brought IFBD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.92% of loss for the given period.
Volatility was left at 13.24%, however, over the last 30 days, the volatility rate increased by 5.36%, as shares sank -7.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.16% lower at present.
During the last 5 trading sessions, IFBD rose by +18.60%, which changed the moving average for the period of 200-days by -97.52% in comparison to the 20-day moving average, which settled at $4.11. In addition, Infobird Co Ltd saw -59.11% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IFBD
Current profitability levels for the company are sitting at:
- -1.98 for the present operating margin
- 0.36 for the gross margin
The net margin for Infobird Co Ltd stands at -4.22. The total capital return value is set at -0.66. Equity return is now at value -117.49, with -32.01 for asset returns.
Currently, EBITDA for the company is -10.76 million with net debt to EBITDA at 0.0. When we switch over and look at the enterprise to sales, we see a ratio of 1.98. The receivables turnover for the company is 0.12for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
In conclusion, Infobird Co Ltd (IFBD) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
