ImmunoPrecise Antibodies Ltd (NASDAQ: IPA)’s stock price has gone rise by 2.13 in comparison to its previous close of 0.47, however, the company has experienced a 22.04% increase in its stock price over the last five trading days. businesswire.com reported 2024-11-13 that VICTORIA, British Columbia–(BUSINESS WIRE)—- $IPA #AI–ImmunoPrecise Antibodies Ltd. (the “Company” or “IPA”) (NASDAQ: IPA), a leader in AI-driven medical innovation, is proud to announce a significant breakthrough in its primary cancer research initiatives. This accomplishment not only highlights IPA’s cutting-edge discovery and AI capabilities, but it also strategically places the company in the rapidly growing market for these cancer-combating antibodies, which is projected to reach $20.7 billion by 2.
Is It Worth Investing in ImmunoPrecise Antibodies Ltd (NASDAQ: IPA) Right Now?
Moreover, the 36-month beta value for IPA is 0.26. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for IPA is 21.81M and currently, short sellers hold a 3.05% of that float. On November 13, 2024, IPA’s average trading volume was 472.58K shares.
IPA’s Market Performance
IPA stock saw a decrease of 22.04% in the past week, with a monthly decline of -15.79% and a quarterly a decrease of -46.67%. The volatility ratio for the week is 12.65%, and the volatility levels for the last 30 days are 14.10% for ImmunoPrecise Antibodies Ltd (IPA). The simple moving average for the last 20 days is -3.34% for IPA’s stock, with a simple moving average of -55.62% for the last 200 days.
Analysts’ Opinion of IPA
Many brokerage firms have already submitted their reports for IPA stocks, with H.C. Wainwright repeating the rating for IPA by listing it as a “Buy.” The predicted price for IPA in the upcoming period, according to H.C. Wainwright is $9 based on the research report published on December 02, 2022 of the previous year 2022.
The Benchmark Company, on the other hand, stated in their research note that they expect to see IPA reach a price target of $12. The rating they have provided for IPA stocks is “Buy” according to the report published on October 25th, 2021.
IPA Trading at -16.18% from the 50-Day Moving Average
After a stumble in the market that brought IPA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.54% of loss for the given period.
Volatility was left at 14.10%, however, over the last 30 days, the volatility rate increased by 12.65%, as shares sank -12.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.33% lower at present.
During the last 5 trading sessions, IPA rose by +24.21%, which changed the moving average for the period of 200-days by -74.02% in comparison to the 20-day moving average, which settled at $0.4970. In addition, ImmunoPrecise Antibodies Ltd saw -71.93% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IPA
Current profitability levels for the company are sitting at:
- -0.61 for the present operating margin
- 0.48 for the gross margin
The net margin for ImmunoPrecise Antibodies Ltd stands at -1.15. The total capital return value is set at -0.3. Equity return is now at value -62.82, with -40.19 for asset returns.
Based on ImmunoPrecise Antibodies Ltd (IPA), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -2.07. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -913.31.
Currently, EBITDA for the company is -8.0 million with net debt to EBITDA at -1.34. When we switch over and look at the enterprise to sales, we see a ratio of 1.28. The receivables turnover for the company is 6.85for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To wrap up, the performance of ImmunoPrecise Antibodies Ltd (IPA) has been bad in recent times. The stock has received a bullish of “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.
