IGC has 36-month beta value of 1.27. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IGC is 52.02M, and currently, short sellers hold a 1.97% ratio of that float. The average trading volume of IGC on September 30, 2024 was 290.74K shares.
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IGC) stock’s latest price update
The stock of IGC Pharma Inc (AMEX: IGC) has increased by 18.33 when compared to last closing price of 0.35.Despite this, the company has seen a gain of 22.09% in its stock price over the last five trading days. globenewswire.com reported 2024-09-22 that Nokia’s Dense Wavelength Division Multiplexing (DWDM) solution was used by IGC to overlay and enhance the existing infrastructure to more effectively manage the growing capacity demand.
IGC’s Market Performance
IGC Pharma Inc (IGC) has seen a 22.09% rise in stock performance for the week, with a 18.13% gain in the past month and a -4.60% plunge in the past quarter. The volatility ratio for the week is 3.91%, and the volatility levels for the past 30 days are at 5.57% for IGC. The simple moving average for the past 20 days is 18.81% for IGC’s stock, with a 5.65% simple moving average for the past 200 days.
IGC Trading at 7.18% from the 50-Day Moving Average
After a stumble in the market that brought IGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.95% of loss for the given period.
Volatility was left at 5.57%, however, over the last 30 days, the volatility rate increased by 3.91%, as shares surge +16.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.74% lower at present.
During the last 5 trading sessions, IGC rose by +22.32%, which changed the moving average for the period of 200-days by +44.76% in comparison to the 20-day moving average, which settled at $0.3557. In addition, IGC Pharma Inc saw 49.59% 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 IGC starting from Moran James P, who purchase 588,235 shares at the price of $0.34 back on Sep 25 ’24. After this action, Moran James P now owns 942,402 shares of IGC Pharma Inc, valued at $200,000 using the latest closing price.
PRINS RICHARD K, the Director of IGC Pharma Inc, proposed sale 200,000 shares at $0.39 during a trade that took place back on Aug 12 ’24, which means that PRINS RICHARD K is holding shares at $78,200 based on the most recent closing price.
Stock Fundamentals for IGC
Current profitability levels for the company are sitting at:
- -9.47 for the present operating margin
- 0.34 for the gross margin
The net margin for IGC Pharma Inc stands at -12.53. The total capital return value is set at -1.24. Equity return is now at value -126.20, with -101.29 for asset returns.
Based on IGC Pharma Inc (IGC), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -20.16.
Currently, EBITDA for the company is -5.82 million with net debt to EBITDA at 0.17. When we switch over and look at the enterprise to sales, we see a ratio of 28.25. The receivables turnover for the company is 37.93for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
To put it simply, IGC Pharma Inc (IGC) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
