Does IronNet Inc. (IRNT) offer a good opportunity for investors?

IronNet Inc. (NYSE: IRNT) stock fell -0.73% on Monday to $0.35 against a previous-day closing price of $0.35. With 0.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.56 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $0.3900 whereas the lowest price it dropped to was $0.3500. The 52-week range on IRNT shows that it touched its highest point at $7.12 and its lowest point at $0.19 during that stretch.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…


Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IRNT was down-trending over the past week, with a drop of -16.11%, but this was up by 80.47% over a month. Three-month performance dropped to -46.42% while six-month performance fell -84.21%. The stock lost -89.82% in the past year, while it has gained 53.09% so far this year. A look at the trailing 12-month EPS for IRNT yields -2.66 with Next year EPS estimates of -0.53. For the next quarter, that number is -0.16. This implies an EPS growth rate of -362.70% for this year and 26.40% for next year.

Float and Shares Shorts:

At present, 101.35 million IRNT shares are outstanding with a float of 79.13 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.29 million, which was 3.23% higher than short shares on Sep 14, 2022. In addition to General Keith B. Alexander ret. as the firm’s Founder, Co-CEO, Pres & Chairman, Mr. Donald E. Closser serves as its Chief Product Officer.

Institutional Ownership:

Through their ownership of 29.87% of IRNT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.11% of IRNT, in contrast to 6.94% held by mutual funds. Shares owned by individuals account for 40.25%. As the largest shareholder in IRNT with 2.90% of the stake, BlackRock Fund Advisors holds 3,009,677 shares worth 3,009,677. A second-largest stockholder of IRNT, Temasek Holdings Pte Ltd., holds 2,831,181 shares, controlling over 2.73% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in IRNT, holding 2,265,084 shares or 2.18% stake. With a 1.82% stake in IRNT, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,890,753 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.29% of IRNT stock, is the second-largest Mutual Fund holder. It holds 1,342,031 shares valued at 0.31 million. Vanguard Extended Market Index Fu holds 0.60% of the stake in IRNT, owning 622,931 shares worth 0.14 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IRNT since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IRNT analysts setting a high price target of $0.15 and a low target of $0.15, the average target price over the next 12 months is $0.15. Based on these targets, IRNT could drop -57.14% to reach the target high and fall by -57.14% to reach the target low. Reaching the average price target will result in a decline of -57.14% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. IRNT will report FY 2023 earnings on 04/06/2023. Analysts have provided yearly estimates in a range of -$0.75 being high and -$0.75 being low. For IRNT, this leads to a yearly average estimate of -$0.75. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. IronNet Inc. surprised analysts by -$0.00 when it reported -$0.17 EPS against a consensus estimate of -$0.16. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.17 and the low estimate is -$0.17. The average estimate for the next quarter is thus -$0.17.

Summary of Insider Activity:

Insiders traded IRNT stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 9,741 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has risen to 31 over the past year. The total number of shares bought during that period was 5,348,218 while 2,119,065 shares were sold.

Leave a Comment

Your email address will not be published. Required fields are marked *