In today’s recent session, 0.47 million shares of the Intelligent Bio Solutions Inc (NASDAQ:INBS) have been traded, and its beta is 4.59. Most recently the company’s share price was $2.38, and it changed around $0.14 or 6.47% from the last close, which brings the market valuation of the company to $7.44M. INBS at last check was trading at a discount to its 52-week high of $18.64, offering almost -683.19% off that amount. The share price’s 52-week low was $1.00, which indicates that the recent value has risen by an impressive 57.98% since then. We note from Intelligent Bio Solutions Inc’s average daily trading volume that its 10-day average is 10.41 million shares, with the 3-month average coming to 1.73 million.
Intelligent Bio Solutions Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended INBS as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Intelligent Bio Solutions Inc is expected to report earnings per share of 0 for the current quarter.
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Intelligent Bio Solutions Inc (NASDAQ:INBS) trade information
Instantly INBS has been showing a green trend so far today with a performance of 6.47% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.56 on recent trading dayincreased the stock’s daily price by 7.03%. The company’s shares are currently down -41.18% year-to-date, but still up 21.07% over the last five days. On the other hand, Intelligent Bio Solutions Inc (NASDAQ:INBS) is 122.90% up in the 30-day period. We can see from the shorts that 0.17 million shares have been sold at a short interest cover period of 1.63 day(s).
Intelligent Bio Solutions Inc (INBS) estimates and forecasts
Intelligent Bio Solutions Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -43.21 percent over the past six months and at a 95.30% annual growth rate that is well above the industry average of 6.50%. The year-over-year growth rate is expected to be 232.80%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.43M in revenue for the current quarter. 1 analysts expect Intelligent Bio Solutions Inc to make 1.75M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 222.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -4.95%.
INBS Dividends
Intelligent Bio Solutions Inc’s next quarterly earnings report is expected to be released on 2024-May-08.
Intelligent Bio Solutions Inc (NASDAQ:INBS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.46% of Intelligent Bio Solutions Inc shares, and 12.99% of them are in the hands of institutional investors. The stock currently has a share float of 13.18%.
