Weekly Performance Analysis for IronNet Inc. (IRNT)

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IronNet Inc. (NYSE:IRNT) saw an upside of 22.58% to close Tuesday at $0.43 after adding $0.08 on the day. The 5-day average trading volume is 3,520,280 shares of the company’s common stock. It has gained $0.5800 in the past week and touched a new high 2 times within the past 5 days. An average of 3,043,350 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,063,246.

IRNT’s 1-month performance is 116.34% or $0.2124 on its low of $0.2027 reached on 12/28/22. The company’s shares have touched a 52-week low of $0.19 and high of $7.12, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, IRNT has achieved 87.65% or $0.2000 and has reached a new high 5 times. However, the current price is down -93.94% from the 52-week high price.

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Insider Transactions

IRNT stock investors last saw insider trading activity on Nov 03.Closser Donald (Chief Product Officer) most recently sold 9,741 shares at $0.68 per share on Nov 03. This transaction cost the insider $6,624. Chief Product Officer, Closser Donald, sold 9,220 shares at a price of $0.62 on Oct 06. Then, on Sep 02, Chief Product Officer Closser Donald sold 9,289 shares at a price of $1.92 per share. This transaction amounted to $17,835.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.56.

IronNet Inc.’s quick ratio for the period ended July 30 was 0.80, with the current ratio over the same period at 0.90. The firm’s gross profit as reported stood at $18.16 million against revenue of $27.54 million.

Earnings Surprise

For the quarterly period ending July 30 this year, IronNet Inc.’s cash and short-term investments amounted to $2.69 million against total debt of $3.14 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 65.76% to -$28.42 million, while revenue of -$33.17 million was -16.71% off the previous quarter. Analysts expected IRNT to announce -$0.21 per share in earnings in its latest quarter, but it posted -$0.2, representing a 4.80% surprise. EBITDA for the quarter stood at more than -$27.18 million. IRNT stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 52.39 million, with total debt at $3.14 million. Shareholders hold equity totaling $101.92 million.

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 24 January was 69.40% to suggest the stock is trending Neutral, with historical volatility in this time period at 198.24%.

The stock’s 5-day moving average is $0.3736, reflecting a +5.16% or $0.0211 change from its current price. IRNT is currently trading +91.11% above its 20-day SMA, -78.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -25.30% and SMA200 by-87.99%.

Stochastic %K and %D was 51.76% and 51.66% and the average true range (ATR) pointed at 0.0783. The RSI (14) points at 62.38%, while the 14-day stochastic is at 55.91% with the period’s ATR at 0.0705. The stock’s 9-day MACD Oscillator is pointing at 0.0111 and 0.0483 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for IronNet Inc. (NYSE: IRNT), Jefferies downgraded it to an Underperform rating. They previously had a Hold rating on the stock. Analysts offering their rating for IRNT stock have a consensus rating for the stock as Sell. Currently, 1 brokerage advisors rate IRNT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 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 $0.15 and a high of $0.15, with their median price target at $0.15. Looking at these predictions, the average price target given by analysts is for IronNet Inc. (IRNT) stock is $0.15.

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