IronNet Inc. (NYSE:IRNT) currently has a daily average trading volume of 2.20M but it saw 944062 shares traded on Thursday. With a market cap of 34.81M USD, stock’s current market price of $0.32 came rising about 5.21 while comparing to the previous closing price of $0.30. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.87 and as low as $0.19. In the recent trading on the day, stock has struck highest price mark of $0.335 while lowest mark touched by it was $0.2911.
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Taking a look at 20-day trading activity of IronNet Inc. (IRNT) gives us an average price of $0.4178, while its current price level is -93.45% below from 52-week high level whereas it is 63.54% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4047 while that of 200 days or SMA-200 reads an average of $1.1997. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.05% during that period while stretching the period over a month that decreases to 12.31%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.65 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Jefferies which downgraded the stock as “Underperform” in its note to investors issued on September 15, 2022, recommending a price target of between $2.25 and $1 for it. BTIG Research downgraded its recommendation for the stock as a “Sell” from “Neutral” on September 15, 2022 while assigning a price target of $0.15.
Over the week, IRNT’s stock price is moving -10.30% down while it is -32.38% when we observe its performance for the past one month. Year-to-date it is 38.65% up and over the past year, the stock is showing a downside performance of -91.40%.
The latest quarterly earnings report issued by the company was for quarter ended 7/30/2022, when its quarterly earnings per share (EPS) of -$0.2 beat the consensus estimate of -$0.21 for the same. The company is expected to be releasing its next quarterly report in 06/14/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0. In next quarter, company is expected to be making quarterly sales of $6.39 million as analysts are expecting the sales for current fiscal year at $26.01 million and seeing the company making $26.35 million in sales next year. Moreover, analysts are in estimates of $6.33 million for current-quarter revenue.
Currently, IronNet Inc.’s total number of outstanding shares is 101.35M with 23.70% of that held by the insiders while 29.21% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -599.50% and return on equity (ROE) at -884.50%. Stock has a price to sale or P/S ratio amounts to 1.23. Its return on asset (ROA) is -312.20% on average.
As per SEC documents, Vanguard Total Stock Market Index shunned 1,890,753 of company’s common stock of worth $0.9 million as per recent closing price of the stock. Vanguard Total Stock Market Index is not the only institutional holder which restructured its stake in IronNet Inc., as iShares Russell 2000 ETF dumped 1,305,461 shares of worth $0.62 million to bring its holdings to a total of 4140.0 shares.
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