In the last trading session, 6,040,266 shares of the India Globalization Capital, Inc.(NYSE:IGC) were traded, and its beta was 5.07. Most recently the company’s share price was $1.97, and it changed around -$0.11 or -0.05% from the last close, which brings the market valuation of the company to $89.37 Million. IGC currently trades at a discount to its 52-week high of $4.5, offering almost -128.43% off that amount. The share price’s 52-week low was $0.26, which indicates that the current value has risen by an impressive 86.8% since then. We note from India Globalization Capital, Inc.’s average daily trading volume that its 10-day average is 4.42 Million shares, with the 3-month average coming to 6.63 Million.
India Globalization Capital, Inc. stock received a consensus recommendation rating of 0, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 0 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended IGC as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. India Globalization Capital, Inc. is expected to report earnings per share of $0 for the current quarter.
India Globalization Capital, Inc. (NYSE:IGC): Trading Information
Although IGC has showed a red trend with a performance of -5.29% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $2.338 on Tuesday, Feb 16 increased the stock’s daily price by 15.77%. The company’s shares are currently up 0.26% year-to-date, but still down -0.1435 over the last five days. On the other hand, India Globalization Capital, Inc. (NYSE:IGC) is 0.27% up in the 30-day period. We can see from the shorts that 1.89 Million shares have been sold at a short interest cover period of 0.29 day(s).
The consensus price target as assigned by Wall Street analysts is $3.05, which translates to bears needing to increase their stock price by 54.82% from its current value. Analyst projections state that IGC is forecast to be at a low of $3.05 and a high of $3.05. In order for the stock price to hit the forecast high, the stock would need to surge +54.82% from its current level, while the stock would need to crash 54.82% from its current level to reach the projected low.
India Globalization Capital, Inc. (IGC) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 9.9%. India Globalization Capital, Inc. earnings are expected to decrease by -60% in 2021, but the outlook is negative 0% per year for the next five years.
India Globalization Capital, Inc. (NYSE:IGC)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 12.87% of India Globalization Capital, Inc. shares, and 4.98% of them are in the hands of institutional investors. The stock currently has a share float of 5.71%. India Globalization Capital, Inc. stock is held by 27 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 2.3% of the shares, which is about 909.22 Thousand shares worth $1.42 Million.
Vanguard Group, Inc. (The), with 1.8% or 714.37 Thousand shares worth $1.11 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Sep 29, 2020. The former held 454110 shares worth $472.27 Thousand, making up 1.15% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 172.3 Thousand shares worth around $268.79 Thousand, which represents about 0.44% of the total shares outstanding.