Innovation Beverage Group Ltd (NASDAQ:IBG) does about 139.48K shares in volume on a normal day but saw 564411 shares change hands in the recent trading day. The company now has a market cap of 5.48M USD. Its current market price is $0.59, marking an increase of 0.85% compared to the previous close of $0.58. The 52 week high reached by this stock is $3.35 whilst the lowest price level in 52 weeks is $0.44.
Innovation Beverage Group Ltd (IBG) has a 20-day trading average at $0.5724 and the current price is -82.39% off the 52-week high compared with 35.01% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 10.72%, which decreases to 8.58% 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 50.24 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 85.25% over the period.
The current price level is 2.97%, -8.20%, and -28.39% away from its SMA20, SMA50, and SMA200 respectively, with the IBG price moving above the 50-day SMA on current market day. Innovation Beverage Group Ltd (IBG) stock is up 5.36% over the week and -5.60% over the past month. Its price is -45.37% over the past year.
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 85.25 percent from here.
Outstanding shares total 8.16M with insiders holding 37.15% of the shares and institutional holders owning 7.85% of the company’s common stock.
