What The Financials Tell Us About Infrastructure and Energy Alternatives Inc. (IEA)

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Infrastructure and Energy Alternatives Inc. (NASDAQ:IEA) finished Wednesday with a subtraction of -$0.08 to close at $14.23, a downside of -0.56 percent. An average of 1,204,360 shares of common stock have been traded in the last five days. There was a fall of -$0.27 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,086,650 shares traded, while the 50-day average volume stands at 1,336,776.

IEA stock has decreased by -0.42% in the last month. The company shares reached their 1-month lowest point of $14.10 on 09/01/22. With the stock rallying to its 52-week high on 09/12/22, shares of the company touched a low of $6.38 and a high of $14.60 in 52 weeks. It has reached a new high 18 times so far this year and achieved 54.67% or $5.03 in price. In spite of this, the price is down -2.53% from the 52-week high.


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Insider Transactions

296 days have passed since Infrastructure and Energy Alternatives Inc. (IEA) last reported insider trading activity. Eber John, who is Director, most recently acquired $15,000 shares at $9.65 per share on Nov 30.

Valuation Metrics

Infrastructure and Energy Alternatives Inc. (IEA) stock’s beta is 1.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.30, the price-to-book (PB) ratio at 29.04.

Financial Health

The quick ratio of Infrastructure and Energy Alternatives Inc. for the three months ended June 29 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 15.74 and a total debt to equity ratio of 16.77 for the quarter ending June 29. Its gross profit as reported stood at $206.11 million compared to revenue of $2.08 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 -8.40%.

Earnings Surprise

For the three-month period that ended June 29, Infrastructure and Energy Alternatives Inc. had $321.08 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 $16.94 million in the quarter, while revenues were grew 80.87%. The analyst consensus anticipated Infrastructure and Energy Alternatives Inc.’s latest quarter earnings to come in at $0.23 per share, but it turned out to be $0.31, a 34.80% surprise. For the quarter, EBITDA amounted to $39.08 million. Shareholders own equity worth $48.62 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 21 September was 43.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 8.60%.

As of today, IEA’s price is $14.35 -1.86% or -$0.27 from its 5-day moving average. IEA is currently trading -0.70% lower than its 20-day SMA and +46.10% higher than its 100-day SMA. However, the stock’s current price level is +66.04% above the SMA50 and +44.61% above the SMA200.

The stochastic %K and %D were 42.52% and 51.43%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 25.81% and the average true range at 0.19, the RSI (14) stands at 56.56%. The stock has reached -0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.01.

Analyst Ratings

Stifel downgraded Infrastructure and Energy Alternatives Inc. (NASDAQ: IEA) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy.

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

Analysts predict a range of price targets between $14.00 and $14.00, with a median target of $14.00. Taking a look at these predictions, the average price target given by analysts for Infrastructure and Energy Alternatives Inc. (IEA) stock is $14.00.

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