IGC Pharma Inc (AMEX:IGC)’s traded shares stood at 0.51 million during the last session, with the company’s beta value hitting 1.31. At the close of trading, the stock’s price was $0.37, to imply an increase of 2.27% or $0.01 in intraday trading. The IGC share’s 52-week high remains $0.91, putting it -145.95% down since that peak but still an impressive 32.43% since price per share fell to its 52-week low of $0.25. The company has a valuation of $28.59M, with an average of 0.45 million shares in intraday trading volume over the past 10 days and average of 420.54K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for IGC Pharma Inc (IGC), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give IGC a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 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 -0.03.
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IGC Pharma Inc (AMEX:IGC) trade information
After registering a 2.27% upside in the last session, IGC Pharma Inc (IGC) has traded red over the past five days. The 5-day price performance for the stock is -1.05%, and -2.56% over 30 days. With these gigs, the year-to-date price performance is 31.77%. Short interest in IGC Pharma Inc (AMEX:IGC) saw shorts transact 1.22 million shares and set a 2.29 days time to cover.
IGC Pharma Inc (IGC) estimates and forecasts
Looking at statistics comparing IGC Pharma Inc share performance against respective industry, we note that the company has outperformed competitors. IGC Pharma Inc (IGC) shares are -14.56% down over the last 6 months, with its year-to-date growth rate higher than industry average at 40.91% against 16.60%. The rating firms project that company’s revenue will shrink -12.04% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 204k. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 295k.Earnings reports from the last fiscal year show that sales brought in 204k and 295k respectively in the corresponding quarters.
IGC Dividends
IGC Pharma 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.
IGC Pharma Inc (AMEX:IGC)’s Major holders
IGC Pharma Inc insiders hold 7.92% of total outstanding shares, with institutional holders owning 22.00% of the shares at 23.89% float percentage. In total, 22.00% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 0.7 million shares (or 1.1961% of shares), all amounting to roughly $0.31 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 0.65 million shares, or about 1.0965% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.28 million.
