With 0.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.52 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $20.76 whereas the lowest price it dropped to was $20.21. The 52-week range on INGM shows that it touched its highest point at $25.69 and its lowest point at $19.19 during that stretch. It currently has a 1-year price target of $27.86.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INGM was down-trending over the past week, with a drop of -2.44%, but this was down by -7.14% over a month. EPS is expected to grow by 10.35% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -8.52%.
Float and Shares Shorts:
At present, 234.83 million INGM shares are outstanding with a float of 21.36 million shares on hand for trading. On 2024-11-29, short shares totaled 0.74 million, which was 31.0 higher than short shares on 1730332800. In addition to Mr. Alain Monie as the firm’s Executive Chairman, Mr. Scott D. Sherman serves as its Executive Vice President of Human Resources.
Institutional Ownership:
Through their ownership of 0.86491996 of INGM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-28, INGM reported revenue of $11762628000.0 and operating income of $218174000.0. The EBITDA in the recently reported quarter was $296806000.0 and diluted EPS was $0.326853.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With INGM analysts setting a high price target of 33.0 and a low target of 25.0, the average target price over the next 12 months is 27.85714. Based on these targets, INGM could surge 61.53% to reach the target high and rise by 22.37% to reach the target low. Reaching the average price target will result in a growth of 36.35% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.83 being high and $2.73 being low. For INGM, this leads to a yearly average estimate of $2.79. Based on analyst estimates, the high estimate for the next quarter is $0.78 and the low estimate is $0.57. The average estimate for the next quarter is thus $0.68.
