With 0.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.9 million shares. The 52-week range on IE shows that it touched its highest point at $12.98 and its lowest point at $4.50 during that stretch. It currently has a 1-year price target of $14.00. Beta for the stock currently stands at 0.70.
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 IE was up-trending over the past week, with a rise of 0.32%, but this was up by 22.24% over a month. Three-month performance surged to 7.12% while six-month performance fell -39.00%. The stock lost -41.26% in the past year, while it has lost -16.29% so far this year. A look at the trailing 12-month EPS for IE yields -0.85 with Next year EPS estimates of -0.60. For the next quarter, that number is -0.12. This implies an EPS growth rate of 45.00% for this year and 2.56% for next year. EPS is expected to grow by 19.82% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -32.06%.
Float and Shares Shorts:
At present, 132.60 million IE shares are outstanding with a float of 82.98 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IE since 8 analysts follow the stock currently. There are 7 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 -$1.45399 being high and -$1.53477 being low. For IE, this leads to a yearly average estimate of -$1.48428.
