It’s Not A Fantasy To Think That Innovation Beverage Group Ltd (IBG) Has Big Future Potential

Innovation Beverage Group Ltd (NASDAQ:IBG) currently has a daily average trading volume of 906.78K but it saw 244242 shares traded in last market. With a market cap of 8.21M USD, the company’s current market price of $0.98 came falling about -4.41 while comparing to the previous closing price of $1.03. 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 $0.97 while lowest mark touched by it was $1.04.

Taking a look at 20-day trading activity of Innovation Beverage Group Ltd (IBG) gives us an average price of $1.0590, while its current price level is -70.61% below from 52-week high level whereas it is 64.10% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.9678. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.60% during that period while stretching the period over a month that increases to 12.69%. 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 43.32 which implies that the stock is in neutral territory.

Over the week, IBG’s stock price is moving -8.83% down while it is -4.41% when we observe its performance for the past one month. Year-to-date it is -8.83% 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 13.21 while price to sale or P/S ratio amounts to 2.61. Its return on asset (ROA) is -42.42% on average.