With 0.79 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.63 million shares. The 52-week range on INDP shows that it touched its highest point at $2.89 and its lowest point at $0.31 during that stretch. It currently has a 1-year price target of $2.00. Beta for the stock currently stands at 1.61.
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 INDP was down-trending over the past week, with a drop of -10.91%, but this was down by -26.52% over a month. Three-month performance dropped to -59.71% while six-month performance fell -67.18%. The stock lost -86.26% in the past year, while it has lost -59.86% so far this year. A look at the trailing 12-month EPS for INDP yields -1.49 with Next year EPS estimates of -0.90. For the next quarter, that number is -0.33. This implies an EPS growth rate of 16.15% for this year and 33.33% for next year. EPS is expected to grow by 18.55% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 57.27%.
Float and Shares Shorts:
At present, 16.03 million INDP shares are outstanding with a float of 12.90 million shares on hand for trading.
Analysts Ratings:
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 -$1.71 being high and -$1.71 being low. For INDP, this leads to a yearly average estimate of -$1.71. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
