As of Wednesday close, Infobird Co. Ltd’s (NASDAQ:IFBD) stock was down -$0.18, moving down -33.70 percent to $0.36. The average number of shares traded per day over the past five days has been 1,000,100 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2979 fall in that time frame. In the last twenty days, the average volume was 2,988,215, while in the previous 50 days, it was 2,114,758.
Since last month, IFBD stock retreated -47.43%. Shares of the company fell to $0.3401 on 08/16/23, the lowest level in the past month. A 52-week high of $13.25 was reached on 02/21/23 after having rallying from a 52-week low of $0.52. Since the beginning of this year, IFBD’s stock price has dropped by -88.07% or -$2.6420, and marked a new high 9 times. However, the stock has declined by -97.30% since its 52-week high.
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Valuation Metrics
The stock’s beta is 1.42. Besides these, the trailing price-to-sales (P/S) ratio of 9.29, the price-to-book (PB) ratio of 0.07.
Financial Health
In the recent quarter, Infobird Co. Ltd’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 35.90% percent. Based on annual data, IFBD earned $1.98 million in gross profit and brought in $5.51 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -141.70%. Return on equity (ROE) for the past 12 months was -119.80%.
IFBD’s revenue fell -74.95% during the quarter, while net income inched up to $5.51 million. The liabilities of Infobird Co. Ltd were 10.13 million at the end of its most recent quarter, and its total debt was $3.61 million.
Technical Picture
This quick technical analysis looks at Infobird Co. Ltd’s (IFBD) price momentum. With a historical volatility rate of 121.70%, the RSI 9-day stood at 16.53% on 16 August.
With respect to its five-day moving average, the current Infobird Co. Ltd price is down by -45.42% percent or -$0.2979. At present, IFBD shares trade -48.86% below its 20-day simple moving average and -87.86% percent below its 100-day simple moving average. However, the stock is currently trading approximately -73.87% below its SMA50 and -92.32% below its SMA200.
Stochastic coefficient K was 1.63% and Stochastic coefficient D was 1.72%, while ATR was 0.1203. Given the Stochastic reading of 1.57% for the 14-day period, the RSI (14) reading has been calculated as 24.57%. As of today, the MACD Oscillator reading stands at -0.1120, while the 14-day reading stands at -0.2298.
Analyst Ratings
Infobird Co. Ltd (IFBD) has been rated Buy by analysts. According to 0 brokerage firms, IFBD is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Infobird Co. Ltd stock as buy, with 1 recommending it as overweight.
With a median target price of $12.47, the current consensus forecast for the stock is $12.47 – $12.47. Based on these forecasts, analysts predict Infobird Co. Ltd (IFBD) will achieve an average price target of $12.47.
