ImmunoPrecise Antibodies Ltd (NASDAQ: IPA) is 36.02% higher on its value in year-to-date trading and has touched a low of $0.32 and a high of $2.60 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 IPA stock was last observed hovering at around $0.52 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $0.56, the stock is 20.22% and 30.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 8.36% at the moment leaves the stock -29.74% off its SMA200. IPA registered -63.16% loss for a year compared to 6-month loss of -38.46%. The firm has a 50-day simple moving average (SMA 50) of $0.42772 and a 200-day simple moving average (SMA200) of $0.801915.
The stock witnessed a 38.86% gain in the last 1 month and extending the period to 3 months gives it a -1.75%, and is 2.94% 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 16.90% over the week and 13.05% over the month.
ImmunoPrecise Antibodies Ltd (IPA) has around 101 employees, a market worth around $17.39M and $17.69M in sales. Profit margin for the company is -114.53%. Distance from 52-week low is 72.41% and -78.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-63.68%).
with sales reaching $6.58M over the same period.The EPS is expected to grow by 63.09% this year, but quarterly earnings will post 0.92% year-over-year. Quarterly sales are estimated to grow 5.85% in year-over-year returns.
20.0 institutions hold shares in ImmunoPrecise Antibodies Ltd (IPA), with institutional investors hold 7.48% of the company’s shares. The shares outstanding are 30.29M, and float is at 19.97M with Short Float at 0.52%. Institutions hold 6.58% of the Float.
The top institutional shareholder in the company is INGALLS & SNYDER LLC with over 1.3 million shares valued at $1.31 million. The investor’s holdings represent 5.0209 of the IPA Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 63910.0 shares valued at $64549.0 to account for 0.2477 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 55857.0 shares representing 0.2165 and valued at over $61443.0, while NORTHERN TRUST CORP holds 0.1966 of the shares totaling 50730.0 with a market value of $51238.0.
