Ibotta Inc (NYSE: IBTA) has a higher price-to-earnings ratio of 182.34x compared to its average ratio, Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for IBTA is 15.92M, and currently, shorts hold a 8.53% of that float. The average trading volume for IBTA on January 09, 2025 was 335.35K shares.
IBTA) stock’s latest price update
Ibotta Inc (NYSE: IBTA) has seen a decline in its stock price by -0.70 in relation to its previous close of 68.93. However, the company has experienced a 5.18% gain in its stock price over the last five trading sessions. businesswire.com reported 2025-01-07 that DENVER–(BUSINESS WIRE)–Ibotta (NYSE: IBTA), which operates the largest digital promotions network in North America, and DoorDash (NASDAQ: DASH), the local commerce platform, today announced a multi-year strategic partnership to provide DoorDash customers with access to Ibotta’s industry-leading catalog of digital promotions. In joining the Ibotta Performance Network (IPN), DoorDash continues to create value for consumers with personalized promotions and coupons to further save on items in a r.
IBTA’s Market Performance
Ibotta Inc (IBTA) has experienced a 5.18% rise in stock performance for the past week, with a -10.18% drop in the past month, and a 10.01% rise in the past quarter. The volatility ratio for the week is 4.28%, and the volatility levels for the past 30 days are at 5.08% for IBTA. The simple moving average for the past 20 days is 1.05% for IBTA’s stock, with a -5.92% simple moving average for the past 200 days.
Analysts’ Opinion of IBTA
Many brokerage firms have already submitted their reports for IBTA stocks, with UBS repeating the rating for IBTA by listing it as a “Neutral.” The predicted price for IBTA in the upcoming period, according to UBS is $65 based on the research report published on November 14, 2024 of the previous year 2024.
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 previous year.
IBTA Trading at -2.57% 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 -41.79% of loss for the given period.
Volatility was left at 5.08%, however, over the last 30 days, the volatility rate increased by 4.28%, as shares sank -7.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.07% lower at present.
During the last 5 trading sessions, IBTA rose by +5.18%, in comparison to the 20-day moving average, which settled at $67.74. In addition, Ibotta Inc saw 5.18% 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 IBTA starting from Daspit Marisa, who sale 521 shares at the price of $74.17 back on Dec 16 ’24. After this action, Daspit Marisa now owns 22,685 shares of Ibotta Inc, valued at $38,641 using the latest closing price.
Daspit Marisa, the Officer of Ibotta Inc, proposed sale 521 shares at $74.17 during a trade that took place back on Dec 16 ’24, which means that Daspit Marisa is holding shares at $38,641 based on the most recent closing price.
Stock Fundamentals for IBTA
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.86 for the gross margin
The net margin for Ibotta Inc stands at 0.03. The total capital return value is set at 0.11.
Currently, EBITDA for the company is 62.66 million with net debt to EBITDA at -7.33. When we switch over and look at the enterprise to sales, we see a ratio of 4.18. The receivables turnover for the company is 1.62for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.72.
Conclusion
In conclusion, Ibotta Inc (IBTA) has had a better 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.
