IHS Holding Ltd (NYSE: IHS)’s stock price has soared by 4.15 in relation to previous closing price of 3.13. Nevertheless, the company has seen a gain of 16.85% in its stock price over the last five trading days. businesswire.com reported 2024-11-14 that LONDON–(BUSINESS WIRE)–IHS Holding Limited (NYSE: IHS) (“IHS Towers”, and together with its subsidiaries, the “Group”) announced today that it has successfully priced its offering of $550 million 7.875% Senior Notes due 2030 at a yield of 8.150% (the “2030 Notes”) and $650 million 8.250% Senior Notes due 2031 at a yield of 8.500% (the “2031 Notes” and, together with the 2030 Notes, the “Notes”), in the case of the 2030 Notes, at an issue price of 98.800% and in the case of the 2031 Notes, at.
Is It Worth Investing in IHS Holding Ltd (NYSE: IHS) Right Now?
The 36-month beta value for IHS is also noteworthy at 1.13. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for IHS is 151.07M, and at present, short sellers hold a 0.38% of that float. The average trading volume of IHS on November 28, 2024 was 271.29K shares.
IHS’s Market Performance
IHS’s stock has seen a 16.85% increase for the week, with a 8.67% rise in the past month and a -1.81% fall in the past quarter. The volatility ratio for the week is 6.47%, and the volatility levels for the past 30 days are at 6.29% for IHS Holding Ltd The simple moving average for the last 20 days is 13.71% for IHS’s stock, with a simple moving average of 3.18% for the last 200 days.
Analysts’ Opinion of IHS
Many brokerage firms have already submitted their reports for IHS stocks, with Citigroup repeating the rating for IHS by listing it as a “Buy.” The predicted price for IHS in the upcoming period, according to Citigroup is $5 based on the research report published on August 28, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see IHS reach a price target of $3.50. The rating they have provided for IHS stocks is “Neutral” according to the report published on July 01st, 2024.
Wells Fargo gave a rating of “Overweight” to IHS, setting the target price at $12 in the report published on November 09th of the previous year.
IHS Trading at 9.74% from the 50-Day Moving Average
After a stumble in the market that brought IHS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.26% of loss for the given period.
Volatility was left at 6.29%, however, over the last 30 days, the volatility rate increased by 6.47%, as shares surge +9.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.54% upper at present.
During the last 5 trading sessions, IHS rose by +16.85%, which changed the moving average for the period of 200-days by +3.49% in comparison to the 20-day moving average, which settled at $2.87. In addition, IHS Holding Ltd saw -29.13% 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 IHS starting from Synesael Colby A, who proposed sale 72,519 shares at the price of $2.85 back on Aug 13 ’24. After this action, Synesael Colby A now owns shares of IHS Holding Ltd, valued at $206,606 using the latest closing price.
Stock Fundamentals for IHS
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.49 for the gross margin
The net margin for IHS Holding Ltd stands at -1.31. The total capital return value is set at 0.13. Equity return is now at value -21745.59, with -46.13 for asset returns.
Based on IHS Holding Ltd (IHS), the company’s capital structure generated 1.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at -7.48. The interest coverage ratio of the stock is 0.74.
Currently, EBITDA for the company is -998.47 million with net debt to EBITDA at -3.12. When we switch over and look at the enterprise to sales, we see a ratio of 2.71. The receivables turnover for the company is 4.21for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.
Conclusion
In summary, IHS Holding Ltd (IHS) has had a mixed 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.
