During the recent session, India Globalization Capital Inc. (AMEX:IGC)’s traded shares were 0.97 million, with the beta value of the company hitting 4.25. At the last check today, the stock’s price was $0.49, reflecting an intraday gain of 13.26% or $0.06. The 52-week high for the IGC share is $4.65, that puts it down -848.98 from that peak though still a striking 14.29% gain since the share price plummeted to a 52-week low of $0.42. The company’s market capitalization is $22.93M, and the average trade volume was 379.85K shares over the past three months.
India Globalization Capital Inc. (AMEX:IGC) trade information
India Globalization Capital Inc. (IGC) registered a 13.26% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 13.26% in intraday trading to $0.49 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -36.44%, and it has moved by -48.56% in 30 days. Based on these gigs, the overall price performance for the year is -65.42%.
The consensus price target of analysts on Wall Street is $3.05, which implies an increase of 83.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.05 and $3.05 respectively. As a result, IGC is trading at a discount of -522.45% off the target high and -522.45% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -4.10%. While earnings are projected to return -13.40% in 2022.
India Globalization Capital Inc. is due to release its next quarterly earnings between June 13 and June 17. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
India Globalization Capital Inc. (AMEX:IGC)’s Major holders
India Globalization Capital Inc. insiders own 7.91% of total outstanding shares while institutional holders control 11.53%, with the float percentage being 12.52%. Mirae Asset Global Investments Co., Ltd. is the largest shareholder of the company, while 33 institutions own stock in it. As of Dec 30, 2021, the company held over 1.66 million shares (or 4.20% of all shares), a total value of $1.62 million in shares.
The next largest institutional holding, with 0.86 million shares, is of Blackrock Inc.’s that is approximately 2.18% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $0.84 million.
Also, the Mutual Funds coming in first place with the largest holdings of India Globalization Capital Inc. (IGC) shares are Global X Fds-The Global X Cannabis ETF and Vanguard Extended Market Index Fund. Data provided on Feb 27, 2022 indicates that Global X Fds-The Global X Cannabis ETF owns about 1.11 million shares. This amounts to just over 2.80 percent of the company’s overall shares, with a $1.17 million market value. The same data shows that the other fund manager holds slightly less at 0.63 million, or about 1.60% of the stock, which is worth about $0.62 million.