The stock of i3 Verticals Inc (NASDAQ: IIIV) has decreased by -7.96 when compared to last closing price of 22.17.Despite this, the company has seen a loss of -8.91% in its stock price over the last five trading days. Business Wire reported 2024-05-03 that NASHVILLE, Tenn.–(BUSINESS WIRE)—- $IIIV–i3 Verticals, Inc. (Nasdaq: IIIV) (“i3 Verticals” or the “Company”), announced today that it will release its financial results for the second quarter ended March 31, 2024, on Friday, May 10, before the Nasdaq market open. The Company will also host a conference call on Friday, May 10, 2024, at 9:00 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes pri.
Is It Worth Investing in i3 Verticals Inc (NASDAQ: IIIV) Right Now?
Company’s 36-month beta value is 1.63.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IIIV is 22.26M, and currently, short sellers hold a 3.96% ratio of that floaft. The average trading volume of IIIV on May 10, 2024 was 253.89K shares.
IIIV’s Market Performance
The stock of i3 Verticals Inc (IIIV) has seen a -8.91% decrease in the past week, with a -14.23% drop in the past month, and a 9.82% gain in the past quarter. The volatility ratio for the week is 2.12%, and the volatility levels for the past 30 days are at 2.59% for IIIV. The simple moving average for the last 20 days is -10.03% for IIIV’s stock, with a simple moving average of -4.23% for the last 200 days.
Analysts’ Opinion of IIIV
Many brokerage firms have already submitted their reports for IIIV stocks, with The Benchmark Company repeating the rating for IIIV by listing it as a “Buy.” The predicted price for IIIV in the upcoming period, according to The Benchmark Company is $28 based on the research report published on February 23, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see IIIV reach a price target of $24. The rating they have provided for IIIV stocks is “Market Perform” according to the report published on December 05th, 2023.
Berenberg gave a rating of “Buy” to IIIV, setting the target price at $30 in the report published on July 11th of the previous year.
IIIV Trading at -9.19% from the 50-Day Moving Average
After a stumble in the market that brought IIIV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.60% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares sank -13.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.66% lower at present.
During the last 5 trading sessions, IIIV fell by -11.21%, which changed the moving average for the period of 200-days by -20.73% in comparison to the 20-day moving average, which settled at $22.52. In addition, i3 Verticals Inc saw -3.61% 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 IIIV starting from MCKENNA TIMOTHY, who sale 2,687 shares at the price of $22.27 back on Aug 18 ’23. After this action, MCKENNA TIMOTHY now owns 0 shares of i3 Verticals Inc, valued at $59,839 using the latest closing price.
DAILY GREGORY S, the Chief Executive Officer of i3 Verticals Inc, purchase 22,377 shares at $21.90 during a trade that took place back on May 15 ’23, which means that DAILY GREGORY S is holding 134,800 shares at $490,056 based on the most recent closing price.
Stock Fundamentals for IIIV
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.78 for the gross margin
The net margin for i3 Verticals Inc stands at 0.0. The total capital return value is set at 0.04. Equity return is now at value 0.23, with 0.06 for asset returns.
Based on i3 Verticals Inc (IIIV), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.62. The interest coverage ratio of the stock is 1.05.
Currently, EBITDA for the company is 68.52 million with net debt to EBITDA at 5.52. When we switch over and look at the enterprise to sales, we see a ratio of 2.3. The receivables turnover for the company is 5.51for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
In a nutshell, i3 Verticals Inc (IIIV) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
