IronNet Inc. (NYSE: IRNT) on January 24, 2023, started off the session at the price of $0.3515, soaring 22.58% from the previous trading day. During the day, the shares moved up to $0.581 and dropped to $0.3515 before settling in for the closing price of $0.35. Within the past 52 weeks, IRNT’s price has moved between $0.19 and $7.12.
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The company achieved an average annual earnings per share of -362.70%. With a float of $79.13 million, this company’s outstanding shares have now reached $101.35 million.
Let’s look at the performance matrix of the company that is accounted for 316 employees. In terms of profitability, gross margin is +65.93, operating margin of -834.15, and the pretax margin is -879.26.
IronNet Inc. (IRNT) Insider Updates
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of IronNet Inc. is 12.40%, while institutional ownership is 29.40%. The most recent insider transaction that took place on Nov 03, was worth 6,624. In this transaction Chief Product Officer of this company sold 9,741 shares at a rate of $0.68, taking the stock ownership to the 920,431 shares. Before that another transaction happened on Oct 06, when Company’s Chief Product Officer sold 9,220 for $0.62, making the entire transaction worth $5,716. This insider now owns 930,172 shares in total.
IronNet Inc. (IRNT) Performance Highlights and Predictions
As on 7/30/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.2 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.21) by $0.01. This company achieved a net margin of -880.94 while generating a return on equity of -265.48. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -362.70% per share during the next fiscal year.
IronNet Inc. (NYSE: IRNT) Trading Performance Indicators
IronNet Inc. (IRNT) is currently performing well based on its current performance indicators. A quick ratio of 0.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.56.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.66, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.53 in one year’s time.
Technical Analysis of IronNet Inc. (IRNT)
IronNet Inc. (NYSE: IRNT) saw its 5-day average volume 3.52 million, a positive change from its year-to-date volume of 3.15 million. As of the previous 9 days, the stock’s Stochastic %D was 44.69%. Additionally, its Average True Range was 0.07.
During the past 100 days, IronNet Inc.’s (IRNT) raw stochastic average was set at 10.83%, which indicates a significant decrease from 56.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 185.60% in the past 14 days, which was higher than the 170.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3716, while its 200-day Moving Average is $1.6329. Nevertheless, the first resistance level for the watch stands at $0.5579 in the near term. At $0.6842, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7874. If the price goes on to break the first support level at $0.3284, it is likely to go to the next support level at $0.2252. Assuming the price breaks the second support level, the third support level stands at $0.0989.
IronNet Inc. (NYSE: IRNT) Key Stats
Market capitalization of the company is 44.26 million based on 103,708K outstanding shares. Right now, sales total 27,540 K and income totals -242,650 K. The company made 6,610 K in profit during its latest quarter, and -28,430 K in sales during its previous quarter.