Innovation Beverage Group Ltd (NASDAQ:IBG) does about 2.04M shares in volume on a normal day but saw 1919403 shares change hands in the recent trading day. The company now has a market cap of 5.94M USD. Its current market price is $0.64, marking a decrease of -22.71% compared to the previous close of $0.83. 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 $0.7118 and the current price is -80.90% off the 52-week high compared with 46.45% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6774 and its 200-day simple moving average is $0.7995. If we look at the stock’s price movements over the week, volatility stands at 34.39%, which decreases to 23.39% 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 46.84 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 84.0% over the period.
The current price level is -10.09%, -5.55%, and -19.95% 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 down -54.61% over the week and 14.31% over the past month. Its price is -40.74% over the past year.
To reach the target analysts have set, the stock logically needs to grow 84.0 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.
