In the past week, IBTA stock has gone down by -13.52%, with a monthly decline of -7.69% and a quarterly surge of 34.93%. The volatility ratio for the week is 5.30%, and the volatility levels for the last 30 days are 5.06% for Ibotta Inc. The simple moving average for the past 20 days is -13.71% for IBTA’s stock, with a -14.90% simple moving average for the past 200 days.
Is It Worth Investing in Ibotta Inc (NYSE: IBTA) Right Now?
The price-to-earnings ratio for Ibotta Inc (NYSE: IBTA) is above average at 692.82x. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for IBTA is 16.78M, and at present, short sellers hold a 5.55% of that float. The average trading volume of IBTA on November 14, 2024 was 221.48K shares.
IBTA) stock’s latest price update
Ibotta Inc (NYSE: IBTA)’s stock price has gone decline by -16.32 in comparison to its previous close of 74.93, however, the company has experienced a -13.52% decrease in its stock price over the last five trading days. benzinga.com reported 2024-11-14 that Ibotta, Inc. IBTA reported better-than-expected third-quarter sales on Wednesday.
Analysts’ Opinion of IBTA
Goldman, on the other hand, stated in their research note that they expect to see IBTA reach a price target of $87. The rating they have provided for IBTA stocks is “Buy” according to the report published on October 14th, 2024.
Needham gave a rating of “Buy” to IBTA, setting the target price at $100 in the report published on August 14th of the current year.
IBTA Trading at -5.04% from the 50-Day Moving Average
After a stumble in the market that brought IBTA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.68% of loss for the given period.
Volatility was left at 5.06%, however, over the last 30 days, the volatility rate increased by 5.30%, as shares sank -8.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.00% upper at present.
During the last 5 trading sessions, IBTA fell by -13.19%, in comparison to the 20-day moving average, which settled at $72.68. In addition, Ibotta Inc saw -39.27% 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 IBTA starting from Donahue Richard I., who sale 15,000 shares at the price of $75.36 back on Oct 28 ’24. After this action, Donahue Richard I. now owns 159,691 shares of Ibotta Inc, valued at $1,130,422 using the latest closing price.
El Tabib Amir, the Chief Business Dev. Officer of Ibotta Inc, sale 2,500 shares at $75.00 during a trade that took place back on Oct 28 ’24, which means that El Tabib Amir is holding 98,055 shares at $187,500 based on the most recent closing price.
Stock Fundamentals for IBTA
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.86 for the gross margin
The net margin for Ibotta Inc stands at 0.01. The total capital return value is set at 0.09.
Currently, EBITDA for the company is 62.66 million with net debt to EBITDA at -8.57. When we switch over and look at the enterprise to sales, we see a ratio of 4.57. The receivables turnover for the company is 1.7for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.81.
Conclusion
In summary, Ibotta Inc (IBTA) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
