With 0.75 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.29 million shares. The 52-week range on IBTA shows that it touched its highest point at $117.59 and its lowest point at $41.87 during that stretch. It currently has a 1-year price target of $83.33.
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 IBTA was down-trending over the past week, with a drop of -11.77%, but this was down by -15.63% over a month. Three-month performance dropped to -6.81% while six-month performance rose 9.19%. A look at the trailing 12-month EPS for IBTA yields 0.38 with Next year EPS estimates of 3.50. For the next quarter, that number is 0.33. This implies an EPS growth rate of -3.33% for this year and 41.40% for next year.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IBTA since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.29876 being high and $0.04161774 being low. For IBTA, this leads to a yearly average estimate of $0.17093. Based on analyst estimates, the high estimate for the next quarter is $0.87 and the low estimate is $0.74. The average estimate for the next quarter is thus $0.8.
