50 institutions hold shares in ION Geophysical Corporation (IO), with 3.19M shares held by insiders accounting for 21.30% while institutional investors hold 42.22% of the company’s shares. The shares outstanding are 14.32M, and float is at 10.96M with Short Float at 10.76%. Institutions hold 33.23% of the Float.
The top institutional shareholder in the company is Renaissance Technologies, LLC with over 1.0 million shares valued at $2.44 million. The investor’s holdings represent 5.59% of the IO Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 0.45 million shares valued at $1.1 million to account for 2.53% of the shares outstanding. The other top investors are Deutsche Bank Aktiengesellschaft which holds 0.3 million shares representing 1.67% and valued at over $0.73 million, while Neuberger Berman Group, LLC holds 1.58% of the shares totaling 0.28 million with a market value of $0.69 million.
ION Geophysical Corporation (NYSE: IO) is -5.35% lower on its value in year-to-date trading and has touched a low of $1.13 and a high of $5.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IO stock was last observed hovering at around $2.14 in the last trading session, with the day’s gains setting it 0.16% off its average median price target of $9.50 for the next 12 months. It is also 77.0% off the consensus price target high of $10.00 offered by 3 analysts, but current levels are 74.44% higher than the price target low of $9.00 for the same period.
Currently trading at $2.30, the stock is -12.61% and -21.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 7.48% at the moment leaves the stock -1.36% off its SMA200. IO registered 98.28% gain for a year compared to 6-month gain of 53.33%. The firm has a 50-day simple moving average (SMA 50) of $2.8603 and a 200-day simple moving average (SMA200) of $2.3326.
The stock witnessed a -19.86% loss in the last 1 month and extending the period to 3 months gives it a -7.63%, and is 5.50% up 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 9.65% over the week and 10.06% over the month.
ION Geophysical Corporation (IO) has around 428 employees, a market worth around $38.41M and $122.70M in sales. Profit margin for the company is -30.30%. Distance from 52-week low is 103.54% and -57.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-42.50%).
ION Geophysical Corporation (IO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ION Geophysical Corporation (IO) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.30, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
ION Geophysical Corporation is expected to release its quarterly report on 08/04/2021 and quarterly earnings per share for the current quarter are estimated at -$0.61 with sales reaching $26.54M over the same period.The EPS is expected to grow by 23.50% this year, but quarterly earnings will post -0.60% year-over-year. Quarterly sales are estimated to shrink -53.00% in year-over-year returns.
ION Geophysical Corporation (IO) Insider Activity
A total of 13 insider transactions have happened at ION Geophysical Corporation (IO) in the last six months, with sales accounting for 5 and purchases happening 8 times.
ION Geophysical Corporation (IO): Who are the competitors?
The company’s main competitors (and peers) include Dawson Geophysical Company (DWSN) that is trading 187.36% up over the past 12 months. Short interest in the company’s stock has risen 29.43% from the last report on Feb 11, 2021 to stand at a total of 0.83 million short shares sold with a short interest ratio of 0.84.