In the last trading session, 2.72 million IHS Holding Ltd (NYSE:IHS) shares changed hands as the company’s beta touched 1.06. With the company’s per share price at $4.43 changed hands at $0.52 or 13.30% during last session, the market valuation stood at $1.48B. IHS’s last price was a premium, traded about 5.42% off its 52-week high of $4.19. The share price had its 52-week low at $2.44, which suggests the last value was 44.92% up since then. When we look at IHS Holding Ltd’s average trading volume, we note the 10-day average is 0.54 million shares, with the 3-month average coming to 348.37K.
Analysts gave the IHS Holding Ltd (IHS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.43. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended IHS as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight.
IHS Holding Ltd (NYSE:IHS) trade information
Instantly IHS was in green as seen at the end of in last trading. With action 20.71%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 51.71%, with the 5-day performance at 20.71% in the green. However, in the 30-day time frame, IHS Holding Ltd (NYSE:IHS) is 12.15% up. Looking at the short shares, we see there were 0.16 million shares sold at short interest cover period of 0.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 65.92% from its current market value. According to analyst projections, IHS’s forecast low is 5 with 22 as the target high. To hit the forecast high, the stock’s price needs a -396.61% plunge from its current level, while the stock would need to soar -12.87% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -71.37%. The 2025 estimates are for IHS Holding Ltd earnings to increase by 108.31%.
IHS Dividends
IHS Holding Ltd is expected to release its next quarterly earnings report on 2024-Nov-11.
IHS Holding Ltd (NYSE:IHS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 31.43% of IHS Holding Ltd shares while 44.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.60%. There are 44.30% institutions holding the IHS Holding Ltd stock share, with KOREA INVESTMENT CORP the top institutional holder. As of 2024-06-30, the company held 6.5053% of the shares, roughly 21.67 million IHS shares worth $69.33 million.
CAPITAL RESEARCH GLOBAL INVESTORS holds the second largest percentage of outstanding shares, with 2.3758% or 7.91 million shares worth $25.32 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were abrdn Global Infrastructure Income Fund and Price (T.Rowe) Africa & Middle East Fund . With 2.09 shares estimated at $9.24 million under it, the former controlled 0.63% of total outstanding shares. On the other hand, Price (T.Rowe) Africa & Middle East Fund held about 0.06% of the shares, roughly 183.5 shares worth around $0.81 million.
