The stock price of IBEX Ltd (NASDAQ: IBEX) has jumped by 16.86 compared to previous close of 16.73. Despite this, the company has seen a gain of 15.27% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-12 that IBEX Limited (NASDAQ:IBEX ) Q4 2024 Earnings Conference Call September 12, 2024 4:30 PM ET Company Participants Michael Darwal – Head of Investor Relations Robert Dechant – Chief Executive Officer Taylor Greenwald – Chief Financial Officer Conference Call Participants David Koning – Baird Operator Welcome to the IBEX Fourth Quarter Full-Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Is It Worth Investing in IBEX Ltd (NASDAQ: IBEX) Right Now?
IBEX Ltd (NASDAQ: IBEX) has a higher price-to-earnings ratio of 10.56x compared to its average ratio. IBEX has 36-month beta value of 0.73. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for IBEX is 9.47M, and currently, short sellers hold a 1.85% ratio of that float. The average trading volume of IBEX on September 16, 2024 was 53.96K shares.
IBEX’s Market Performance
IBEX’s stock has seen a 15.27% increase for the week, with a 23.66% rise in the past month and a 21.88% gain in the past quarter. The volatility ratio for the week is 5.10%, and the volatility levels for the past 30 days are at 3.09% for IBEX Ltd The simple moving average for the past 20 days is 15.54% for IBEX’s stock, with a 20.89% simple moving average for the past 200 days.
Analysts’ Opinion of IBEX
Many brokerage firms have already submitted their reports for IBEX stocks, with Piper Sandler repeating the rating for IBEX by listing it as a “Neutral.” The predicted price for IBEX in the upcoming period, according to Piper Sandler is $17 based on the research report published on November 10, 2023 of the previous year 2023.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see IBEX reach a price target of $18, previously predicting the price at $27. The rating they have provided for IBEX stocks is “Sector Perform” according to the report published on September 14th, 2023.
Citigroup gave a rating of “Neutral” to IBEX, setting the target price at $20 in the report published on July 19th of the previous year.
IBEX Trading at 17.79% from the 50-Day Moving Average
After a stumble in the market that brought IBEX to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.77% of gains for the given period.
Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 5.10%, as shares surge +18.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.42% upper at present.
During the last 5 trading sessions, IBEX rose by +15.27%, which changed the moving average for the period of 200-days by +6.95% in comparison to the 20-day moving average, which settled at $17.08. In addition, IBEX Ltd saw 2.84% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IBEX starting from The Resource Group Internation, who proposed sale 175,000 shares at the price of $16.73 back on Sep 13 ’24. After this action, The Resource Group Internation now owns shares of IBEX Ltd, valued at $2,927,750 using the latest closing price.
Khaishgi Mohammedulla, the Director of IBEX Ltd, proposed sale 10,000 shares at $20.00 during a trade that took place back on Sep 13 ’24, which means that Khaishgi Mohammedulla is holding shares at $200,000 based on the most recent closing price.
Stock Fundamentals for IBEX
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.46 for the gross margin
The net margin for IBEX Ltd stands at 0.07. The total capital return value is set at 0.18. Equity return is now at value 21.32, with 11.36 for asset returns.
Based on IBEX Ltd (IBEX), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 240.42.
Currently, EBITDA for the company is 382.35 million with net debt to EBITDA at 0.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.67. The receivables turnover for the company is 5.17for trailing twelve months and the total asset turnover is 1.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.53.
Conclusion
To put it simply, IBEX Ltd (IBEX) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
