Geode Capital Management LLC has recently announced that it has increased stake in Inpixon (NASDAQ:INPX) by 2,465.16%. After grabbing 0.35 million shares, the institutional investor is now in possession of 0.34 million shares of the Technology Company. The new investment brought the stake of investor firm to 0.32% having worth around $28549.0. Moreover, SSgA Funds Management, Inc. increased its share by 39574.0 to have a control over 39574.0 shares. And UBS Securities LLC raised its holdings to 35324.0 shares by acquiring 35324.0 shares or 0.03% of the stake.
Inpixon (INPX) concluded trading on 11/29/23 at a closing price of $0.06, with 5.01 million shares of worth about $0.3 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -68.50% during that period and on Wednesday the price saw a gain of about 1.45%. Currently the company’s common shares owned by public are about 127.69M shares, out of which, 123.06M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the INPX stock and their offered price forecasts bring an average price target of $586488.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $586488.00 and could fall to a lowest price of $586488.00. The stock’s current price level is 76.0% above of average price target set by the analysts, while a rise to estimated low would result in gain of 100.0% for the stock. However, touching the estimated high of $586488.00 would mean a gain of 100.0% for the stock.
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.
Fidelity Extended Market Index Fu, Vanguard Extended Market Index Fu, and Fidelity Series Total Market Inde are the top 3 mutual funds which are holding stakes in Inpixon Fidelity Extended Market Index Fu is currently holding 0.35 million shares of worth totaling $28156.0. The company recently came buying 0.34 million shares which brought its stake up to 0.31% of the company’s outstanding shares. Vanguard Extended Market Index Fu bought 48786.0 shares, after which its hold over company’s outstanding shares expand to 0.25%, leaving 0.28 million shares with the mutual fund that have a worth of about $22565.0. Fidelity Series Total Market Inde, after buying 1962.0 shares, have now control over 0.00% of the stake in the company. It holds 0.0 shares of worth $159.0.
However, the stock later moved at a day high price of 0.0649, or with a gain of 1.45%. Stock saw a price change of -8.03% in past 5 days and over the past one month there was a price change of -23.26%. Year-to-date (YTD), INPX shares are showing a performance of -96.29% which decreased to -97.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.06 but also hit the highest price of $2.71 during that period. The average intraday trading volume for Inpixon shares is 10.88 million. The stock is currently trading -12.05% below its 20-day simple moving average (SMA20), while that difference is down -33.49% for SMA50 and it goes to -78.56% lower than SMA200.
Geode Capital Management LLC acquired 0.35 million shares of Inpixon having value of about $28549.0. Data submitted at the U.S SEC by Geode Capital Management LLC revealed that the firm now holds 0.34 million shares in the company valued at close to $20322.78, or have control over 2,465.16% stake in the company. Inpixon (NASDAQ: INPX) currently have 127.69M outstanding shares and institutions hold larger chunk of about 0.70% of that. Holding of mutual funds in the company is about 0.24% while other institutional holders and individual stake holders have control over 0.56% and — of the stake respectively.
The stock has a current market capitalization of $8.04M and its 3Y-monthly beta is at 0.73. It has posted earnings per share of -$5.84 in the same period. It has Quick Ratio of 0.98 while making debt-to-equity ratio of 1.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INPX, volatility over the week remained 8.59% while standing at 10.19% over the month.
Analysts are in expectations that Inpixon (INPX) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS 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. When we compare those targets with actual EPS, we find that company posted an EPS of -$7,897,500 in the same quarter a year ago. EPS is likely to shrink at an annualized rate of 20.00% for next 5-years, compared to annual growth of 92.88% made by the stock over the past 5-years.
Analysts at 1 brokerage firms have issued recommendations for the Inpixon (INPX)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
