Geode Capital Management LLC recently announced the acquisition of new stake in Inpixon (NASDAQ:INPX). The institutional investor has increased its shareholding in the Technology company by 2,465.16% to 0.35 million shares with purchase of 0.34 million shares. This fresh investment now brings its stake to 0.32% valued currently at $28549.0. In addition, SSgA Funds Management, Inc. raised its holdings by 39574.0 to 39574.0 shares.
With over 4.1 million Inpixon (INPX) shares trading Tuesday and a closing price of $0.07 on the day, the dollar volume was approximately $0.29 million. The shares have shown a negative half year performance of -66.89% and its price on 12/05/23 lost nearly -5.21%. Currently, there are 127.69M common shares owned by the public and among those 123.06M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for INPX have a consensus price objective of $586488.00. The analysts have set the share’s price value over the next 12 months at a high of $586488.00 and a low of $586488.00. The average price target is 72.0% above its recent price level and an upside to the estimated low will see the stock gain 100.0% over that period. But an upside of 100.0% will see the stock hit the forecast high price target while median target price for the stock is $586488.00.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Inpixon are Fidelity Extended Market Index Fu, Vanguard Extended Market Index Fu, and Fidelity Series Total Market Inde. Fidelity Extended Market Index Fu owns 0.35 million shares of the company’s stock, all valued at over $28156.0. The company bought an additional 0.34 million shares recently to bring their total holdings to about 0.31% of the shares outstanding. Vanguard Extended Market Index Fu bought 48786.0 shares to see its total holdings expand to 0.28 million shares valued at over $22565.0 and representing 0.25% of the shares outstanding. Fidelity Series Total Market Inde now owns shares totaling to 0.00% of the shares outstanding.
However, the script later moved the day high at 0.0749, down -5.21%. The company’s stock has a 5-day price change of 11.27% and -54.78% over the past three months. INPX shares are trading -95.94% year to date (YTD), with the 12-month market performance down to -97.33% lower. It has a 12-month low price of $0.06 and touched a high of $2.57 over the same period. INPX has an average intraday trading volume of 11.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.88%, -22.72%, and -74.58% respectively.
Institutional ownership of Inpixon (NASDAQ: INPX) shares accounts for 0.70% of the company’s 127.69M shares outstanding. Mutual fund holders own 0.24%, while other institutional holders and individual stakeholders account for 0.56% and — respectively.
It has a market capitalization of $8.82M and a beta (3y monthly) value of 0.68. The earnings-per-share (ttm) stands at -$5.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.81% over the week and 10.07% over the month.
Analysts forecast that Inpixon (INPX) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2019. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$7,897,500 a year ago. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 92.88% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Inpixon (INPX) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
