27 institutions hold shares in India Globalization Capital Inc. (IGC), with 5.84M shares held by insiders accounting for 12.87% while institutional investors hold 5.71% of the company’s shares. The shares outstanding are 41.30M, and float is at 35.80M with Short Float at 8.78%. Institutions hold 4.98% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 0.91 million shares valued at $1.42 million. The investor’s holdings represent 2.00% of the IGC Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 0.71 million shares valued at $1.11 million to account for 1.57% of the shares outstanding. The other top investors are Carroll Financial Associates, Inc. which holds 0.45 million shares representing 0.98% and valued at over $0.69 million, while Susquehanna International Group, LLP holds 0.60% of the shares totaling 0.27 million with a market value of $0.42 million.
India Globalization Capital Inc. (AMEX: IGC) is 7.05% higher on its value in year-to-date trading and has touched a low of $0.41 and a high of $4.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IGC stock was last observed hovering at around $1.74 in the last trading session, with the day’s loss setting it -0.07% off its average median price target of $3.05 for the next 12 months. It is also 45.25% off the consensus price target high of $3.05 offered by 0 analysts, but current levels are 45.25% higher than the price target low of $3.05 for the same period.
Currently trading at $1.67, the stock is -7.04% and -9.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -4.02% at the moment leaves the stock 22.10% off its SMA200. IGC registered 179.10% gain for a year compared to 6-month gain of 62.14%. The firm has a 50-day simple moving average (SMA 50) of $1.9309 and a 200-day simple moving average (SMA200) of $1.5855.
The stock witnessed a -5.11% loss in the last 1 month and extending the period to 3 months gives it a -4.57%, and is -9.73% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.22% over the week and 11.48% over the month.
India Globalization Capital Inc. (IGC) has around 31 employees, a market worth around $67.37M and $0.80M in sales. Distance from 52-week low is 305.73% and -62.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.70%).
India Globalization Capital Inc. is expected to release its quarterly report on 06/14/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -60.00% this year.
India Globalization Capital Inc. (IGC) Insider Activity
A total of 11 insider transactions have happened at India Globalization Capital Inc. (IGC) in the last six months, with sales accounting for 11 and purchases happening 0 times. The most recent transaction is an insider sale by PRINS RICHARD K, the company’s Director. SEC filings show that PRINS RICHARD K sold 50,000 shares of the company’s common stock on Mar 09 at a price of $1.75 per share for a total of $87500.0. Following the sale, the insider now owns 0.62 million shares.
India Globalization Capital Inc. disclosed in a document filed with the SEC on Mar 03 that PRINS RICHARD K (Director) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Mar 03 and was made at $1.80 per share for $90005.0. Following the transaction, the insider now directly holds 0.67 million shares of the IGC stock.
Still, SEC filings show that on Mar 02, MUKUNDA RAM (Exec. Chairman & CEO) disposed off 50,000 shares at an average price of $2.14 for $0.11 million. The insider now directly holds 2,774,760 shares of India Globalization Capital Inc. (IGC).
India Globalization Capital Inc. (IGC): Who are the competitors?
The company’s main competitors (and peers) include Granite Construction Incorporated (GVA) that is trading 180.39% up over the past 12 months and Trinity Industries Inc. (TRN) that is 74.98% higher over the same period. Sterling Construction Company Inc. (STRL) is 134.46% up on the 1-year trading charts. Short interest in the company’s stock has risen 23.57% from the last report on Feb 11, 2021 to stand at a total of 2.4 million short shares sold with a short interest ratio of 0.89.