3 times Within The Past Five Days, Infrastructure and Energy Alternatives Inc. (IEA) Hit A New High

Infrastructure and Energy Alternatives Inc. (NASDAQ:IEA) finished Friday with a subtraction of -$0.33 to close at $10.75, a downside of -2.98 percent. An average of 353,120 shares of common stock have been traded in the last five days. There was a gain of $0.28 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 428,920 shares traded, while the 50-day average volume stands at 526,412.

IEA stock has decreased by -7.65% in the last month. The company shares reached their 1-month lowest point of $10.14 on 10/11/21. With the stock rallying to its 52-week high on 01/08/21, shares of the company touched a low of $6.31 and a high of $24.13 in 52 weeks. It has reached a new high 5 times so far this year and lost -35.12% or -$5.82 in price. In spite of this, the price is down -55.45% from the 52-week high.


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Insider Transactions

256 days have passed since Infrastructure and Energy Alternatives Inc. (IEA) last reported insider trading activity. OCM FIE, LLC, who is Director, most recently acquired $56,606 shares at $1165.51 per share on Feb 09. In this transaction, the insider spent $65,975,201. Director, Oaktree Capital Group, LLC, disposed of 56,606 shares at a price of $1165.51 on Feb 09. The insider now owns more than $65,975,201 worth of shares. Prior to that, Director Oaktree Capital Group, LLC went on to Sale 8,853,283 shares at $16.75 each on Feb 08. An amount of $148,292,490 was transacted.

Valuation Metrics

Infrastructure and Energy Alternatives Inc. (IEA) has a trailing price-to-earnings (P/E) ratio of 23.80 for the broader industry and 29.83 for the sector. In the last five years, Infrastructure and Energy Alternatives Inc.’s PE ratio has ranged between 303.67 and 95.00. The stock’s beta is 1.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.28, and the price-to-cash flow ratio at 5.28.

Infrastructure and Energy Alternatives Inc.’s EBITDA margin for the year ending June 29 is 7.02%, while its operating margin for the same period stands at 3.40%. Its gross profit as reported stood at $188.69 million compared to revenue of $1.75 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Infrastructure and Energy Alternatives Inc.’s return on assets was -1.50%.

Earnings Surprise

For the three-month period that ended June 29, Infrastructure and Energy Alternatives Inc. had $161.27 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.24 million in the quarter, while revenues were grew 32.41%. The analyst consensus anticipated Infrastructure and Energy Alternatives Inc.’s latest quarter earnings to come in at $0.2 per share, but it turned out to be $0.12, a -40.00% surprise. For the quarter, EBITDA amounted to $36.58 million. Shareholders own equity worth $25.15 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Infrastructure and Energy Alternatives Inc. (IEA) price momentum. RSI 9-day as of the close on 22 October was 44.15%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.43%.

As of today, IEA’s price is $10.94 +2.67% or $0.28 from its 5-day moving average. IEA is currently trading -8.12% lower than its 20-day SMA and -10.57% lower than its 100-day SMA. However, the stock’s current price level is -19.60% below the SMA50 and -51.84% below the SMA200.

The stochastic %K and %D were 65.29% and 63.22%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 46.77% and the average true range at 0.46, the RSI (14) stands at 42.20%. The stock has reached 0.28 on the 9-day MACD Oscillator while the 14-day reading was at 0.35.

Analyst Ratings

Stifel launched coverage on Infrastructure and Energy Alternatives Inc. (NASDAQ: IEA) in its analyst report released on May 10, 2021. The firm assigned the stock a a Buy rating. The consensus rating for Infrastructure and Energy Alternatives Inc. (IEA) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IEA, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

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

Analysts predict a range of price targets between $18.00 and $18.50, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for Infrastructure and Energy Alternatives Inc. (IEA) stock is $18.13.

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