Infobird Co. Ltd (NASDAQ: IFBD) stock fell -9.75% on Wednesday to $1.11 against a previous-day closing price of $1.23. With 0.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.36 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.2199 whereas the lowest price it dropped to was $1.0500. The 52-week range on IFBD shows that it touched its highest point at $21.17 and its lowest point at $0.93 during that stretch.
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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 IFBD was down-trending over the past week, with a drop of -8.26%, but this was down by -47.53% over a month. Three-month performance dropped to -84.78% while six-month performance fell -74.06%. The stock lost -93.83% in the past year, while it has lost -63.00% so far this year.
Float and Shares Shorts:
At present, 4.59 million IFBD shares are outstanding with a float of 4.30 million shares on hand for trading. On May 14, 2023, short shares totaled 15420.0, which was 0.34% higher than short shares on Apr 13, 2023. In addition to Ms. Cheuk Yee Li as the firm’s CEO & Chairman, Mr. Yimin Wu serves as its Pres & Director.
Institutional Ownership:
Other institutions hold — of IFBD, in contrast to — held by mutual funds. Shares owned by individuals account for –.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $7.73M while operating income stood at -$15.29M. EBITDA for the full year was -$12.82M.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IFBD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With IFBD analysts setting a high price target of $12.47 and a low target of $12.47, the average target price over the next 12 months is $12.47. Based on these targets, IFBD could surge 1023.42% to reach the target high and rise by 1023.42% to reach the target low. Reaching the average price target will result in a growth of 1023.42% 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.
