Infobird Co. Ltd (NASDAQ:IFBD) saw a downside of -9.52% to close Friday at $0.27 after subtracting -$0.03 on the day. The 5-day average trading volume is 1,315,760 shares of the company’s common stock. It has gained $0.6494 in the past week and touched a new high 1 time within the past 5 days. An average of 2,829,660 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,136,408.
IFBD’s 1-month performance is -70.98% or -$0.4140 on its low of $0.2615 reached on 08/18/23. The company’s shares have touched a 52-week low of $0.28 and high of $13.25, with the stock’s rally to the 52-week high happening on 02/21/23. YTD, IFBD has lost -91.10% or -$2.7330 and has reached a new high 9 times. However, the current price is down -97.98% from the 52-week high price.
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Valuation Metrics
IFBD stock has a beta of 1.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.36 while the price-to-book (PB) in the most recent quarter is 0.05.
Infobird Co. Ltd’s quick ratio for the recent period was 1.30, with the current ratio over the same period at 1.30. In terms of profitability, the gross margin trailing 12 months is 35.90%. The trailing 12-month EBITDA margin is -186.71%. The firm’s gross profit as reported stood at $1.98 million against revenue of $5.51 million.
Earnings Surprise
Net income grew 9.17% to -$15.27 million, while revenue of $0.0 was 100.0% off the previous quarter. IFBD stock balance sheet for the recent quarter shows that total liabilities totaled 10.13 million, with total debt at $3.61 million.
Let’s look briefly at Infobird Co. Ltd (IFBD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 14.01% to suggest the stock is trending oversold, with historical volatility in this time period at 101.89%.
The stock’s 5-day moving average is $0.4160, reflecting a -57.01% or -$0.3541 change from its current price. IFBD is currently trading -72.19% above its 20-day SMA, -90.11% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -81.84% and SMA200 by-93.83%.
Stochastic %K and %D was 1.27% and 1.54% and the average true range (ATR) pointed at 0.1090. The RSI (14) points at 22.26%, while the 14-day stochastic is at 0.79% with the period’s ATR at 0.1294. The stock’s 9-day MACD Oscillator is pointing at -0.2119 and -0.3207 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for IFBD stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate IFBD as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is IFBD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $12.47 and a high of $12.47, with their median price target at $12.47. Looking at these predictions, the average price target given by analysts is for Infobird Co. Ltd (IFBD) stock is $12.47.
