IronNet Inc. (NYSE: IRNT) is -78.46% lower on its value in year-to-date trading and has touched a low of $0.98 and a high of $34.83 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 IRNT stock was last observed hovering at around $1.01 in the last trading session, with the day’s loss setting it -0.11% off its average median price target of $0.57 for the next 12 months. It is also 10.0% off the consensus price target high of $1.00 offered by 3 analysts, but current levels are -500.0% lower than the price target low of $0.15 for the same period.
Currently trading at $0.90, the stock is -52.58% and -58.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.92 million and changing -10.45% at the moment leaves the stock -72.41% off its SMA200. IRNT registered -97.08% loss for a year compared to 6-month loss of -80.51%.
The stock witnessed a -56.93% gain in the last 1 month and extending the period to 3 months gives it a -66.12%, and is -58.89% 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 16.41% over the week and 9.17% over the month.
IronNet Inc. (IRNT) has around 316 employees, a market worth around $93.69M and $27.90M in sales. Distance from 52-week low is -8.04% and -97.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-599.50%).
IronNet Inc. (IRNT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for IronNet Inc. (IRNT) is a “Underweight”. 3 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to shrink by -362.70% this year
IronNet Inc. (IRNT) Top Institutional Holders
The shares outstanding are 99.31M, and float is at 76.80M with Short Float at 4.53%.
IronNet Inc. (IRNT) Insider Activity
A total of 27 insider transactions have happened at IronNet Inc. (IRNT) in the last six months, with sales accounting for 20 and purchases happening 7 times. The most recent transaction is an insider sale by Closser Donald, the company’s Chief Product Officer. SEC filings show that Closser Donald sold 9,289 shares of the company’s common stock on Sep 02 at a price of $1.92 per share for a total of $17835.0. Following the sale, the insider now owns 0.94 million shares.
IronNet Inc. disclosed in a document filed with the SEC on Sep 02 that Welch William E (Co-CEO & Director) sold a total of 41,859 shares of the company’s common stock. The trade occurred on Sep 02 and was made at $1.92 per share for $80369.0. Following the transaction, the insider now directly holds 7.15 million shares of the IRNT stock.
Still, SEC filings show that on Sep 02, Gerber James C (Chief Financial Officer) disposed off 3,066 shares at an average price of $1.92 for $5887.0. The insider now directly holds 1,152,831 shares of IronNet Inc. (IRNT).