With 10.69 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.63 million shares. The 52-week range on IOT shows that it touched its highest point at $61.90 and its lowest point at $27.14 during that stretch. It currently has a 1-year price target of $50.35. Beta for the stock currently stands at 1.72.
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 IOT was down-trending over the past week, with a drop of -25.67%, but this was down by -36.95% over a month. Three-month performance dropped to -39.00% while six-month performance fell -12.10%. The stock gained 2.13% in the past year, while it has lost -22.04% so far this year. A look at the trailing 12-month EPS for IOT yields -0.28 with Next year EPS estimates of 0.44. For the next quarter, that number is 0.06. This implies an EPS growth rate of 27.60% for this year and 33.83% for next year. EPS is expected to grow by 33.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.16%.
Float and Shares Shorts:
At present, 561.20 million IOT shares are outstanding with a float of 249.49 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IOT since 10 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
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 $0.0642276 being high and $0.05225963 being low. For IOT, this leads to a yearly average estimate of $0.053523. Based on analyst estimates, the high estimate for the next quarter is $0.07 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.06.
