The stock of Innovation Beverage Group Ltd (IBG) has gone down by -2.74% for the week, with a -5.96% drop in the past month and a -48.88% drop in the past quarter. The volatility ratio for the week is 10.40%, and the volatility levels for the past 30 days are 13.22% for IBG. The simple moving average for the past 20 days is -0.06% for IBG’s stock, with a -2.12% simple moving average for the past 200 days.
Is It Worth Investing in Innovation Beverage Group Ltd (NASDAQ: IBG) Right Now?
Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IBG is 7.74M, and currently, shorts hold a 2.37% of that float. The average trading volume for IBG on January 03, 2025 was 898.08K shares.
IBG) stock’s latest price update
Innovation Beverage Group Ltd (NASDAQ: IBG)’s stock price has gone decline by -4.92 in comparison to its previous close of 1.12, however, the company has experienced a -2.74% decrease in its stock price over the last five trading days. accesswire.com reported 2025-01-03 that Strong early response from retailers, distributors, and hospitality partners eager to bring IBG’s award-winning premium bitters to cocktail enthusiasts and industry professionals alike IBG’s management team is leveraging new opportunities for growth and expansion to elevate cocktail experiences worldwide SEVEN HILLS, AUSTRALIA / ACCESSWIRE / January 3, 2025 / Innovation Beverage Group Ltd, (“IBG” or the “Company”) (NASDAQ:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, announced today its Chairman and Chief Operating Officer (COO), Sahil Beri, has been appointed Interim Chief Executive Officer (CEO) while the Company conducts a search for a new CEO. Dean Huge, the Company’s former CEO, has resigned to pursue other interests.
IBG Trading at 11.75% from the 50-Day Moving Average
After a stumble in the market that brought IBG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -68.36% of loss for the given period.
Volatility was left at 13.22%, however, over the last 30 days, the volatility rate increased by 10.40%, as shares sank -7.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +60.10% upper at present.
During the last 5 trading sessions, IBG fell by -2.02%, in comparison to the 20-day moving average, which settled at $1.0611. In addition, Innovation Beverage Group Ltd saw -1.84% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IBG
Equity return is now at value -445.48, with -42.42 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.48.
Conclusion
In conclusion, Innovation Beverage Group Ltd (IBG) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
