Infobird Co Ltd (NASDAQ:IFBD) finished Friday with an addition of $0.01 to close at $0.11, an upside of 3.21 percent. An average of 8,139,380 shares of common stock have been traded in the last five days. There was a fall of -$0.0252 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 4,836,605 shares traded, while the 50-day average volume stands at 4,641,198.
IFBD stock has decreased by -62.07% in the last month. The company shares reached their 1-month lowest point of $0.1007 on 09/29/23. With the stock rallying to its 52-week high on 02/21/23, shares of the company touched a low of $0.10 and a high of $8.50 in 52 weeks. It has reached a new high 9 times so far this year and lost -96.46% or -$2.8938 in price. In spite of this, the price is down -98.75% from the 52-week high.
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Valuation Metrics
Infobird Co Ltd (IFBD) stock’s beta is 1.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.65, the price-to-book (PB) ratio at 0.06.
Financial Health
The quick ratio of Infobird Co Ltd for the recent quarter was 1.32, and the current ratio was 1.32, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.55 for the recent quarter. Its gross profit as reported stood at $1.98 million compared to revenue of $5.51 million.
Earnings Surprise
For the recent quarter, Infobird Co Ltd had $3.55 million in total debt. The company posted a net income of -$15.27 million in the quarter, while revenues were grew 9.17%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Infobird Co Ltd (IFBD) price momentum. RSI 9-day as of the close on 29 September was 14.42%, suggesting the stock is oversold, with historical volatility in this time frame at 29.41%.
As of today, IFBD’s price is $0.1135 -19.18% or -$0.0252 from its 5-day moving average. IFBD is currently trading -59.15% lower than its 20-day SMA and -93.05% lower than its 100-day SMA. However, the stock’s current price level is -88.46% below the SMA50 and -97.24% below the SMA200.
The stochastic %K and %D were 4.03% and 4.30%, respectively, and the average true range (ATR) was 0.0280. With the 14-day stochastic at 6.45% and the average true range at 0.0415, the RSI (14) stands at 19.47%. The stock has reached -0.0178 on the 9-day MACD Oscillator while the 14-day reading was at -0.0301.
