Information Services Group Inc (NASDAQ: III) is 11.38% higher on its value in year-to-date trading and has touched a low of $2.92 and a high of $4.05 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 III stock was last observed hovering at around $3.70 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $3.72, the stock is 0.18% and 8.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing 0.54% at the moment leaves the stock 11.83% off its SMA200. III registered 1.09% gain for a year compared to 6-month gain of 18.10%. The firm has a 50-day simple moving average (SMA 50) of $3.423 and a 200-day simple moving average (SMA200) of $3.32655.
The stock witnessed a 0.27% loss in the last 1 month and extending the period to 3 months gives it a 14.46%, and is 5.08% 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 3.51% over the week and 4.40% over the month.
Information Services Group Inc (III) has around 1323 employees, a market worth around $179.51M and $247.59M in sales. Current P/E ratio is 68.63 and Fwd P/E is 18.91. Profit margin for the company is 1.15%. Distance from 52-week low is 27.40% and -8.15% from its 52-week high. The company has generated returns on investments over the last 12 months (1.79%).
with sales reaching $58.56M over the same period.The EPS is expected to grow by 70.00% this year, but quarterly earnings will post -3.21% year-over-year. Quarterly sales are estimated to shrink -8.89% in year-over-year returns.
137.0 institutions hold shares in Information Services Group Inc (III), with institutional investors hold 85.01% of the company’s shares. The shares outstanding are 48.54M, and float is at 33.37M with Short Float at 0.85%. Institutions hold 61.29% of the Float.
The top institutional shareholder in the company is PRIVATE CAPITAL MANAGEMENT, LLC with over 5.42 million shares valued at $15.94 million. The investor’s holdings represent 11.1137 of the III Shares outstanding. As of 2024-06-30, the second largest holder is CERITY PARTNERS LLC with 4.32 million shares valued at $12.89 million to account for 8.8525 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.97 million shares representing 6.0955 and valued at over $8.74 million, while VANGUARD GROUP INC holds 4.4192 of the shares totaling 2.14 million with a market value of $6.3 million.
Information Services Group Inc (III) Insider Activity
The most recent transaction is an insider sale by Pfau Bruce, the company’s Director. SEC filings show that Pfau Bruce sold 7,692 shares of the company’s common stock on Nov 21 ’24 at a price of $3.24 per share for a total of $24922.0. Following the sale, the insider now owns 0.16 million shares.
Information Services Group Inc disclosed in a document filed with the SEC on Nov 18 ’24 that RAINA KALPANA (Director) sold a total of 15,075 shares of the company’s common stock. The trade occurred on Nov 18 ’24 and was made at $3.35 per share for $50501.0. Following the transaction, the insider now directly holds 0.36 million shares of the III stock.
Still, SEC filings show that on Nov 19 ’24, RAINA KALPANA (Director) disposed off 4,282 shares at an average price of $3.28 for $14045.0. The insider now directly holds 355,056 shares of Information Services Group Inc (III).
