With 2.04 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.56 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $29.9 whereas the lowest price it dropped to was $29.6419. The 52-week range on IBN shows that it touched its highest point at $32.14 and its lowest point at $23.16 during that stretch. It currently has a 1-year price target of $35.14. With its current market cap of 104.69 billion, IBN has annualized dividend of $0.24 while the current yield stands at 0.80%. Beta for the stock currently stands at 1.00.
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 IBN was down-trending over the past week, with a drop of -1.56%, but this was down by -7.02% over a month. Three-month performance surged to 2.95% while six-month performance rose 0.95%. The stock gained 23.12% in the past year, while it has lost -0.67% so far this year. A look at the trailing 12-month EPS for IBN yields 1.59 with Next year EPS estimates of 1.71. For the next quarter, that number is 0.38. This implies an EPS growth rate of 10.54% for this year and 11.05% for next year. EPS is expected to grow by 11.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 74.44%.
Float and Shares Shorts:
At present, 3.53 billion IBN shares are outstanding with a float of 3.53 billion shares on hand for trading. On 2024-12-13, short shares totaled 25.89 million, which was 73.0 higher than short shares on 1731628800. In addition to Mr. Sandeep Bakhshi B.E. as the firm’s MD, CEO & Executive Director, Mr. Anindya Banerjee serves as its Group CFO & Head of Investor Relations.
Institutional Ownership:
Through their ownership of 0.19447 of IBN’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With IBN analysts setting a high price target of 39.0 and a low target of 35.0, the average target price over the next 12 months is 36.625. Based on these targets, IBN could surge 31.49% to reach the target high and rise by 18.0% to reach the target low. Reaching the average price target will result in a growth of 23.48% from current levels.
Analysts have provided yearly estimates in a range of $115.92432 being high and $112.6122 being low. For IBN, this leads to a yearly average estimate of $115.09629. Based on analyst estimates, the high estimate for the next quarter is $0.37 and the low estimate is $0.37. The average estimate for the next quarter is thus $0.37.
