Innovation Beverage Group Ltd (NASDAQ:IBG) does about 958.90K shares in volume on a normal day but saw 874222 shares change hands in the recent trading day. The company now has a market cap of 10.17M USD. Its current market price is $1.22, marking an increase of 23.23% compared to the previous close of $0.99. The 52 week high reached by this stock is $3.35 whilst the lowest price level in 52 weeks is $0.60.
Innovation Beverage Group Ltd (IBG) has a 20-day trading average at $1.0849 and the current price is -63.58% off the 52-week high compared with 103.33% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 14.34%, which increases to 18.42% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.93 to suggest the stock is neutral.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 69.5% over the period.
The current price level is 12.45%, 33.08%, and 12.35% away from its SMA20, SMA50, and SMA200 respectively, with the IBG price moving below the 50-day SMA on current market day. Innovation Beverage Group Ltd (IBG) stock is up 16.19% over the week and 16.19% over the past month. Its price is -58.22% year-to-date.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 69.5 percent from here.
Outstanding shares total 8.16M with insiders holding 55.51% of the shares and institutional holders owning 7.27% of the company’s common stock. The company has a return on investment of -330.99% and return on equity of -445.48%. Price to book ratio is 16.36 and price to sales ratio is 3.23.
