In last trading session, Ibotta Inc. (NYSE:IBTA) saw 1.4 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $42.66 trading at -$15.53 or -26.69% at ring of the bell on the day assigns it a market valuation of $1.30B. That closing price of IBTA’s stock is at a discount of -175.64% from its 52-week high price of $117.59 and is indicating a discount of -20.35% from its 52-week low price of $51.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.24 million shares which gives us an average trading volume of 149.45K if we extend that period to 3-months.
For Ibotta Inc. (IBTA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.42 in the current quarter.
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Ibotta Inc. (NYSE:IBTA) trade information
Upright in the red during last session for losing -26.69%, in the last five days IBTA remained trading in the red while hitting it’s week-highest on Tuesday, 08/13/24 when the stock touched $42.66 price level, adding 28.06% to its value on the day. Ibotta Inc.’s shares saw a change of -58.68% in year-to-date performance and have moved -23.49% in past 5-day. Ibotta Inc. (NYSE:IBTA) showed a performance of -37.98% in past 30-days. Number of shares sold short was 0.67 million shares which calculate 5.85 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 104 to the stock, which implies a rise of 58.98% to its current value. Analysts have been projecting 75 as a low price target for the stock while placing it at a high target of 129. It follows that stock’s current price would drop -75.81% in reaching the projected high whereas dropping to the targeted low would mean a loss of -75.81% for stock’s current value.
Ibotta Inc. (IBTA) estimates and forecasts
Statistics highlight that Ibotta Inc. is scoring comparatively lower than the scores of other players of the relevant industry. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 98.65M for the same. And 8 analysts are in estimates of company making revenue of 117.42M in the next quarter.
Ibotta Inc. (NYSE:IBTA)’s Major holders
Insiders are in possession of 51.62% of company’s total shares while institution are holding 40.90 percent of that, with stock having share float percentage of 84.53%. Investors also watch the number of corporate investors in a company very closely, which is 40.90% institutions for Ibotta Inc. that are currently holding shares of the company.
