Looking To Buy IronNet Inc. (IRNT)? Read This First

IronNet Inc. (NYSE:IRNT) saw a downside of -3.28% to $11.19 after subtracting -$0.38 on Wednesday. The 5-day average trading volume is 2,047,917 shares of the company’s common stock. It has gained $13.48 in the past week. An average of 9,077,989 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,617,098.

IRNT’s 1-month performance is -40.33% or -$8.20 on its low of $11.15 reached on 10/13/21. The company’s shares have touched a 52-week low of $9.36 and high of $47.50, with the stock’s rally to the 52-week high happening on 09/16/21. YTD, IRNT has achieved 14.33% or $1.07. However, the current price is down -76.44%% from the 52-week high price.

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Valuation Metrics

IronNet Inc. (IRNT) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.01 for the sector.IRNT stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 37.72 while the price-to-book (PB) in the most recent quarter is 1.79.

Earnings Surprise

IRNT stock balance sheet for the recent quarter shows that, with total debt at $20.58 million

Technical Picture

Let’s look briefly at IronNet Inc. (IRNT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 29.51% to suggest the stock is trending oversold, with historical volatility in this time period at 116.72%.

The stock’s 5-day moving average is $11.83, reflecting a -13.86% or -$1.80 change from its current price. IRNT is currently trading -65.17% above its 20-day SMA, +12.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +12.18% and +7.29% respectively.

Stochastic %K and %D was 0.89% and 0.95% and the average true range (ATR) pointed at 2.55. The RSI (14) points at 37.20%, while the 14-day stochastic is at 0.25% with the period’s ATR at 3.01. The stock’s 9-day MACD Oscillator is pointing at -0.95 and -4.69 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for IronNet Inc. (NYSE: IRNT), Jefferies launched coverage with a Hold rating. Analysts offering their rating for IRNT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate IRNT as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is IRNT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $17.00 and a high of $29.00, with their median price target at $27.00. Looking at these predictions, the average price target given by analysts is for IronNet Inc. (IRNT) stock is $24.33.


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