Ironwood Pharmaceuticals Inc (NASDAQ:IRWD)’s traded shares stood at 0.57 million during the latest session, with the company’s beta value hitting 0.40. At the last check today, the stock’s price was $3.15, to imply a decrease of -5.54% or -$0.19 in intraday trading. The IRWD share’s 52-week high remains $15.70, putting it -398.41% down since that peak but still an impressive -3.49% since price per share fell to its 52-week low of $3.26. The company has a valuation of $504.89M, with an average of 1.66 million shares in intraday trading volume over the past 10 days and average of 1.57 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Ironwood Pharmaceuticals Inc (IRWD), translating to a mean rating of 1.33. Of 2 analyst(s) looking at the stock, 0 analyst(s) give IRWD a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.16.
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Ironwood Pharmaceuticals Inc (NASDAQ:IRWD) trade information
After registering a -5.54% downside in the latest session, Ironwood Pharmaceuticals Inc (IRWD) has traded red over the past five days. The 5-day price performance for the stock is -10.37%, and -37.40% over 30 days. With these gigs, the year-to-date price performance is -72.42%. Short interest in Ironwood Pharmaceuticals Inc (NASDAQ:IRWD) saw shorts transact 8.57 million shares and set a 6.44 days time to cover.
The extremes give us $5 and $12 for target low and target high price respectively. As such, IRWD has been trading -280.95% off suggested target high and -58.73% from its likely low.
Ironwood Pharmaceuticals Inc (IRWD) estimates and forecasts
Looking at statistics comparing Ironwood Pharmaceuticals Inc share performance against respective industry, we note that the company has outperformed competitors. Ironwood Pharmaceuticals Inc (IRWD) shares are -50.31% down over the last 6 months, with its year-to-date growth rate higher than industry average at 101.28% against 16.60%. The rating firms project that company’s revenue will shrink -20.17% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 92.5M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 81.9M.Earnings reports from the last fiscal year show that sales brought in 117.55M and 74.88M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -21.31% before jumping 9.38% in the following quarter.
IRWD Dividends
Ironwood Pharmaceuticals Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Ironwood Pharmaceuticals Inc (NASDAQ:IRWD)’s Major holders
Ironwood Pharmaceuticals Inc insiders hold 1.68% of total outstanding shares, with institutional holders owning 105.54% of the shares at 107.34% float percentage. In total, 105.54% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 22.88 million shares (or 14.5067% of shares), all amounting to roughly $149.16 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 21.56 million shares, or about 13.6737% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $140.59 million.
