IronNet Inc. (NYSE: IRNT) is -14.57% lower on its value in year-to-date trading and has touched a low of $0.19 and a high of $3.38 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 $0.23 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $0.15 for the next 12 months. It is also -33.33% off the consensus price target high of $0.15 offered by 1 analysts, but current levels are -33.33% lower than the price target low of $0.15 for the same period.
Currently trading at $0.20, the stock is -28.72% and -34.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.25 million and changing -14.15% at the moment leaves the stock -70.88% off its SMA200. IRNT registered -92.61% loss for a year compared to 6-month loss of -63.31%. The firm has a 50-day simple moving average (SMA 50) of $1.04 and a 200-day simple moving average (SMA200) of -$0.26.
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The stock witnessed a -25.68% gain in the last 1 month and extending the period to 3 months gives it a -58.91%, and is -17.92% 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 17.04% over the week and 12.96% over the month.
IronNet Inc. (IRNT) has around 316 employees, a market worth around $26.33M and $28.50M in sales. Distance from 52-week low is 3.42% and -94.19% from its 52-week high.
IronNet Inc. (IRNT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for IronNet Inc. (IRNT) is a “Sell”. 1 analysts offering their recommendations for the stock have an average rating of 5.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
IronNet Inc. is expected to release its quarterly report on 09/14/2023.The EPS is expected to grow by 16.70% this year
IronNet Inc. (IRNT) Top Institutional Holders
The shares outstanding are 111.78M, and float is at 79.13M with Short Float at 8.57%.
IronNet Inc. (IRNT) Insider Activity
A total of 0 insider transactions have happened at IronNet Inc. (IRNT) in the last six months, with sales accounting for 0 and purchases happening 0 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 9,741 shares of the company’s common stock on Nov 03 at a price of $0.68 per share for a total of $6624.0. Following the sale, the insider now owns 0.92 million shares.
IronNet Inc. disclosed in a document filed with the SEC on Oct 06 that Closser Donald (Chief Product Officer) sold a total of 9,220 shares of the company’s common stock. The trade occurred on Oct 06 and was made at $0.62 per share for $5716.0. Following the transaction, the insider now directly holds 0.93 million shares of the IRNT stock.
Still, SEC filings show that on Sep 02, Welch William E (Co-CEO & Director) disposed off 41,859 shares at an average price of $1.92 for $80369.0. The insider now directly holds 7,152,573 shares of IronNet Inc. (IRNT).
