IGC Pharma Inc (AMEX: IGC) is 22.99% higher on its value in year-to-date trading and has touched a low of $0.25 and a high of $0.50 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 $0.38 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $0.34, the stock is 3.87% and 13.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing -8.91% at the moment leaves the stock 6.91% off its SMA200. IGC registered 3.77% gain for a year compared to 6-month loss of -12.18%. The firm has a 50-day simple moving average (SMA 50) of $17.23 and a 200-day simple moving average (SMA200) of -$1.90.
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The stock witnessed a 18.06% gain in the last 1 month and extending the period to 3 months gives it a 20.24%, and is 3.45% 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 20.30% over the week and 14.36% over the month.
IGC Pharma Inc (IGC) has around 61 employees, a market worth around $21.95M and $1.22M in sales. Distance from 52-week low is 37.74% and -31.09% from its 52-week high. The company has generated returns on investments over the last 12 months (-152.00%).
IGC Pharma Inc quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $190k over the same period.
24 institutions hold shares in IGC Pharma Inc (IGC), with institutional investors hold 4.92% of the company’s shares. The shares outstanding are 63.73M, and float is at 56.73M with Short Float at 1.61%. Institutions hold 3.87% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 0.76 million shares valued at $0.24 million. The investor’s holdings represent 1.91% of the IGC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 0.65 million shares valued at $0.2 million to account for 1.63% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 0.3 million shares representing 0.76% and valued at over $94146.0, while State Street Corporation holds 0.47% of the shares totaling 0.18 million with a market value of $57367.0.
