Technical Outlook And Game Plan For iFresh Inc. (NASDAQ: IFMK)


    The Vanguard Group, Inc. has recently announced that it has increased stake in iFresh Inc. (NASDAQ:IFMK) by 62.85%. After grabbing 0.12 million shares, the institutional investor is now in possession of 44800.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 0.48% having worth around $0.11 million. Moreover, Citadel Advisors LLC increased its share by 74551.0 to have a control over 74551.0 shares. And Barclays Capital, Inc. raised its holdings to 41600.0 shares by acquiring 41600.0 shares or 0.17% of the stake.

    iFresh Inc. (IFMK) concluded trading on 08/27/20 at a closing price of $0.97, with 2.25 million shares of worth about $2.18 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -6.73% during that period and on Thursday the price saw a gain of about 3.30%. Currently the company’s common shares owned by public are about 23.81M shares, out of which, 11.61M shares are available for trading.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

    Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Nasdaq Composite Index F are the top 3 mutual funds which are holding stakes in iFresh Inc. Vanguard Extended Market Index Fu is currently holding 0.12 million shares of worth totaling $0.11 million. The company recently came buying 0.0 shares which brought its stake up to 0.48% of the company’s outstanding shares. Fidelity Nasdaq Composite Index F, after buying 18845.0 shares, have now control over 0.08% of the stake in the company. It holds 0.0 shares of worth $17469.0.

    iFresh Inc. (NASDAQ: IFMK) started trading at $1.01, above $0.07 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.97, or with a gain of 3.30%. Stock saw a price change of -6.73% in past 5 days and over the past one month there was a price change of 2.67%. Year-to-date (YTD), IFMK shares are showing a performance of 139.09% which decreased to -41.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.34 but also hit the highest price of $2.83 during that period. While comparing its average daily trading volume of 575.12K shares, we see that about 2.25 million changed hands on the day. The stock is currently trading 2.43% above its 20-day simple moving average (SMA20), while that difference is down -3.85% for SMA50 and it goes to 13.51% higher than SMA200.

    The Vanguard Group, Inc. acquired 0.12 million shares of iFresh Inc. having value of about $0.11 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 44800.0 shares in the company valued at close to $43456.0, or have control over 62.85% stake in the company. iFresh Inc. (NASDAQ: IFMK) currently have 23.81M outstanding shares and institutions hold larger chunk of about 1.40% of that. Holding of mutual funds in the company is about 0.83% while other institutional holders and individual stake holders have control over 6.66% and 0.65% of the stake respectively.

    The stock has a current market capitalization of $26.20M and its 3Y-monthly beta is at -3.57. It has posted earnings per share of -$0.46 in the same period. It has Quick Ratio of 0.30 while making debt-to-equity ratio of 1.43. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IFMK, volatility over the week remained 8.62% while standing at 9.41% over the month.

    Analysts are in expectations that iFresh Inc. (IFMK) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter ESPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 42.80%.

    Analysts at 0 brokerage firms have issued recommendations for the iFresh Inc. (IFMK)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.


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