ImmunoPrecise Antibodies Ltd (NASDAQ:IPA) Has Risen By -25.42 Percent Over The Past 30 Days: Will It Continue?

In last trading session, ImmunoPrecise Antibodies Ltd (NASDAQ:IPA) saw 0.34 million shares changing hands with its beta currently measuring 0.25. Company’s recent per share price level of $0.44 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $12.28M. That closing price of IPA’s stock is at a discount of -490.91% from its 52-week high price of $2.60 and is indicating a premium of 20.45% from its 52-week low price of $0.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.75 million shares which gives us an average trading volume of 463.46K if we extend that period to 3-months.

ImmunoPrecise Antibodies Ltd (NASDAQ:IPA) trade information

ImmunoPrecise Antibodies Ltd’s shares saw a change of -74.27% in year-to-date performance and have moved 5.39% in past 5-day. ImmunoPrecise Antibodies Ltd (NASDAQ:IPA) showed a performance of -25.42% in past 30-days. Number of shares sold short was 0.15 million shares which calculate 0.45 days to cover the short interests.

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ImmunoPrecise Antibodies Ltd (IPA) estimates and forecasts

Statistics highlight that ImmunoPrecise Antibodies Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -65.89% of value to its shares in past 6 months, showing an annual growth rate of 61.54% while that of industry is 26.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 0.20% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 4.62M for the same. And 2 analysts are in estimates of company making revenue of 4.81M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.23% during past 5 years.

ImmunoPrecise Antibodies Ltd (NASDAQ:IPA)’s Major holders

Insiders are in possession of 12.06% of company’s total shares while institution are holding 5.75 percent of that, with stock having share float percentage of 6.53%. Investors also watch the number of corporate investors in a company very closely, which is 5.75% institutions for ImmunoPrecise Antibodies Ltd that are currently holding shares of the company. INGALLS & SNYDER LLC is the top institutional holder at IPA for having 1.3 million shares of worth $1.31 million. And as of 2024-06-30, it was holding 5.0209 of the company’s outstanding shares.

The second largest institutional holder is RENAISSANCE TECHNOLOGIES LLC, which was holding about 63910.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.2477 of outstanding shares, having a total worth of $64549.0.