IHS Holding Ltd (NYSE: IHS) is -32.83% lower on its value in year-to-date trading and has touched a low of $2.18 and a high of $4.79 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 IHS stock was last observed hovering at around $3.12 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $3.04, the stock is -5.88% and 0.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing -2.56% at the moment leaves the stock -5.17% off its SMA200. IHS registered -28.14% loss for a year compared to 6-month loss of -7.76%. The firm has a 50-day simple moving average (SMA 50) of $3.0322 and a 200-day simple moving average (SMA200) of $3.20295.
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The stock witnessed a 4.39% gain in the last 1 month and extending the period to 3 months gives it a 0.32%, and is -5.50% 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 5.56% over the week and 5.14% over the month.
IHS Holding Ltd (IHS) has around 2988 employees, a market worth around $986.58M and $1.78B in sales. Fwd P/E is 9.96. Profit margin for the company is -130.78%. Distance from 52-week low is 39.45% and -36.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-68.68%).
with sales reaching $424.17M over the same period.The EPS is expected to grow by 5.45% this year, but quarterly earnings will post -20.23% year-over-year. Quarterly sales are estimated to shrink -16.79% in year-over-year returns.
IHS Holding Ltd (IHS) Top Institutional Holders
The shares outstanding are 333.07M, and float is at 151.07M with Short Float at 0.21%.
The top institutional shareholder in the company is KOREA INVESTMENT CORP with over 21.67 million shares valued at $69.33 million. The investor’s holdings represent 6.5139% of the IHS Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL RESEARCH GLOBAL INVESTORS with 7.91 million shares valued at $25.32 million to account for 2.379 of the shares outstanding. The other top investors are QUAKER CAPITAL INVESTMENTS, LLC which holds 2.83 million shares representing 0.8523% and valued at over $9.07 million, while SONA ASSET MANAGEMENT (US) LLC holds 0.8339 of the shares totaling 2.77 million with a market value of $8.88 million.
IHS Holding Ltd (IHS) Insider Activity
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