A new trading day began on Friday, with IGC Pharma Inc (AMEX: IGC) stock price down -4.61% from the previous day of trading, before settling in for the closing price of $0.39. IGC’s price has ranged from $0.25 to $0.50 over the past 52 weeks.
During the last 5-year period, the sales growth of Healthcare Sector giant was 12.85%. Meanwhile, its annual earnings per share averaged 11.11%. With a float of $67.31 million, this company’s outstanding shares have now reached $84.14 million.
IGC Pharma Inc (IGC) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of IGC Pharma Inc is 26.80%, while institutional ownership is 3.91%.
IGC Pharma Inc (IGC) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.02 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
IGC Pharma Inc (AMEX: IGC) Trading Performance Indicators
Here are IGC Pharma Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 25.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.08, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach -0.09 in one year’s time.
Technical Analysis of IGC Pharma Inc (IGC)
Looking closely at IGC Pharma Inc (AMEX: IGC), its last 5-days average volume was 1.1 million, which is a drop from its year-to-date volume of 1.2 million. As of the previous 9 days, the stock’s Stochastic %D was 17.46%.
During the past 100 days, IGC Pharma Inc’s (IGC) raw stochastic average was set at 35.06%, which indicates a significant increase from 30.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0275 in the past 14 days, which was higher than the 0.0253 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4082, while its 200-day Moving Average is $0.3416. However, in the short run, IGC Pharma Inc’s stock first resistance to watch stands at $0.3953. Second resistance stands at $0.4226. The third major resistance level sits at $0.4543. If the price goes on to break the first support level at $0.3363, it is likely to go to the next support level at $0.3046. Should the price break the second support level, the third support level stands at $0.2773.
IGC Pharma Inc (AMEX: IGC) Key Stats
With a market capitalization of 33.83 million, the company has a total of 91,959K Shares Outstanding. Currently, annual sales are 1,270 K while annual income is -7,120 K. The company’s previous quarter sales were 330 K while its latest quarter income was -1,600 K.
