Ironwood Pharmaceuticals Inc (NASDAQ:IRWD) saw a downside of -0.32% to close Tuesday at $9.40 after subtracting -$0.03 on the day. The 5-day average trading volume is 3,046,060 shares of the company’s common stock. It has gained $9.77 in the past week and touched a new high 3 times within the past 5 days. An average of 3,355,325 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,628,124.
IRWD’s 1-month performance is 1.73% or $0.16 on its low of $8.07 reached on 09/11/23. The company’s shares have touched a 52-week low of $8.07 and high of $12.66, with the stock’s rally to the 52-week high happening on 01/06/23. YTD, IRWD has lost -24.13% or -$2.99 and has reached a new high 3 times. However, the current price is down -25.75% from the 52-week high price.
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Insider Transactions
IRWD stock investors last saw insider trading activity on Sep 15.John Minardo (Chief Legal Officer) most recently sold 7,045 shares at $10.04 per share on Aug 14. This transaction cost the insider $70,732. Principal Accounting Officer, Silver Ronald, sold 1,976 shares at a price of $10.04 on Aug 14. Then, on May 30, Chief Executive Officer MCCOURT Thomas A sold 26,632 shares at a price of $10.70 per share. This transaction amounted to $284,962.
Valuation Metrics
IRWD stock has a beta of 0.93. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.43 while the price to cash flow ratio at 5.53.
Ironwood Pharmaceuticals Inc’s quick ratio for the period ended June 29 was 1.04, with the current ratio over the same period at 1.04.. In terms of profitability, the gross margin trailing 12 months is 99.71%. The trailing 12-month EBITDA margin is 61.31% while for the period ending June 29, Ironwood Pharmaceuticals Inc’s operating margin was 50.85%. The firm’s gross profit as reported stood at $410.6 million against revenue of $410.6 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 103.49% to -$1.06 billion, while revenue of $45.71 million was 104.3% off the previous quarter. Analysts expected IRWD to announce $0.25 per share in earnings in its latest quarter, but it posted -$6.71, representing a -2,784.00% surprise. EBITDA for the quarter stood at more than -$1.08 billion. IRWD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 950.0 million, with total debt at $815.75 million. Shareholders hold equity totaling $156.03 million.
Let’s look briefly at Ironwood Pharmaceuticals Inc (IRWD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 60.08% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.76%.
The stock’s 5-day moving average is $9.34, reflecting a +1.51% or $0.14 change from its current price. IRWD is currently trading +3.18% above its 20-day SMA, -10.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.35% and SMA200 by-21.07%.
Stochastic %K and %D was 82.31% and 82.79% and the average true range (ATR) pointed at 0.42. The RSI (14) points at 53.93%, while the 14-day stochastic is at 78.40% with the period’s ATR at 0.40. The stock’s 9-day MACD Oscillator is pointing at 0.32 and 0.53 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Ironwood Pharmaceuticals Inc (NASDAQ: IRWD), CapitalOne launched coverage with an Overweight rating. Analysts offering their rating for IRWD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate IRWD as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.
What is IRWD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.00 and a high of $20.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Ironwood Pharmaceuticals Inc (IRWD) stock is $14.67.
