IronNet Inc. (IRNT): Find Out What Insiders Are Doing

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IronNet Inc. (NYSE:IRNT) finished Wednesday with a subtraction of -$0.11 to close at $0.90, a downside of -10.45 percent. An average of 4,847,060 shares of common stock have been traded in the last five days. There was a fall of -$1.2955 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,705,300 shares traded, while the 50-day average volume stands at 1,044,080.

IRNT stock has decreased by -56.93% in the last month. The company shares reached their 1-month lowest point of $0.9000 on 09/21/22. With the stock rallying to its 52-week high on 02/25/22, shares of the company touched a low of $0.98 and a high of $34.83 in 52 weeks. It has reached a new high 5 times so far this year and lost -78.46% or -$3.2955 in price. In spite of this, the price is down -97.40% from the 52-week high.


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Insider Transactions

20 days have passed since IronNet Inc. (IRNT) last reported insider trading activity. Closser Donald, who is Chief Product Officer, most recently acquired $9,289 shares at $1.92 per share on Sep 02. In this transaction, the insider spent $17,835. Co-CEO & Director, Welch William E, disposed of 41,859 shares at a price of $1.92 on Sep 02. The insider now owns more than $80,369 worth of shares. Prior to that, Chief Financial Officer Gerber James C went on to Sale 3,066 shares at $1.92 each on Sep 02. An amount of $5,887 was transacted.

Valuation Metrics

IronNet Inc. (IRNT) has a trailing price-to-sales (P/S) ratio at 3.36, the price-to-book (PB) ratio at 5.32.

Financial Health

The quick ratio of IronNet Inc. for the three months ended July 30 was 1.50, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.05 for the quarter ending July 30. Its gross profit as reported stood at $18.16 million compared to revenue of $27.54 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, IronNet Inc.’s return on assets was -283.60%.

Earnings Surprise

For the three-month period that ended July 30, IronNet Inc. had $2.69 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$28.42 million in the quarter, while revenues of -$33.17 million were grew 65.76%. The analyst consensus anticipated IronNet Inc.’s latest quarter earnings to come in at -$0.21 per share, but it turned out to be -$0.2, a 4.80% surprise. For the quarter, EBITDA amounted to -$27.18 million. At the end of the quarter ending July 30, IronNet Inc.’s stock balance sheet showed total liabilities of 52.39 million. Shareholders own equity worth $101.92 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at IronNet Inc. (IRNT) price momentum. RSI 9-day as of the close on 21 September was 16.61%, suggesting the stock is oversold, with historical volatility in this time frame at 283.99%.

As of today, IRNT’s price is $1.0969 -58.89% or -$1.2955 from its 5-day moving average. IRNT is currently trading -56.51% lower than its 20-day SMA and -66.87% lower than its 100-day SMA. However, the stock’s current price level is -62.31% below the SMA50 and -87.83% below the SMA200.

The stochastic %K and %D were 1.78% and 4.04%, respectively, and the average true range (ATR) was 0.2209. With the 14-day stochastic at 0.30% and the average true range at 0.2075, the RSI (14) stands at 21.56%. The stock has reached -0.5834 on the 9-day MACD Oscillator while the 14-day reading was at -0.7267.

Analyst Ratings

Jefferies downgraded IronNet Inc. (NYSE: IRNT) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for IronNet Inc. (IRNT) among analysts is Underweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell IRNT, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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

Analysts predict a range of price targets between $0.15 and $1.00, with a median target of $0.57. Taking a look at these predictions, the average price target given by analysts for IronNet Inc. (IRNT) stock is $0.57.

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