Are Analysts Too Bullish On Innovation Beverage Group Ltd (IBG)

Innovation Beverage Group Ltd (NASDAQ:IBG) currently has a daily average trading volume of 570.10K but it saw 3632215 shares traded in last market. With a market cap of 9.00M USD, the company’s current market price of $1.08 came rising about 43.87 while comparing to the previous closing price of $0.75. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.35 and as low as $0.60. In the recent trading on the day, stock has struck highest price mark of $0.73 while lowest mark touched by it was $1.26.

Taking a look at 20-day trading activity of Innovation Beverage Group Ltd (IBG) gives us an average price of $0.7068, while its current price level is -67.79% below from 52-week high level whereas it is 79.82% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 29.78% during that period while stretching the period over a month that decreases to 14.99%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.83 which implies that the stock is in neutral territory.

Over the week, IBG’s stock price is moving 65.98% up while it is 43.85% when we observe its performance for the past one month. Year-to-date it is -63.05% down and over the past year.

Currently, Innovation Beverage Group Ltd’s total number of outstanding shares is 8.16M. Company’s return on investment (ROI) stands at -330.99% and return on equity (ROE) at -445.48%. Stock has a price to book (P/B) ratio of 14.47 while price to sale or P/S ratio amounts to 2.86. Its return on asset (ROA) is -42.42% on average.