Ironwood Pharmaceuticals Inc (IRWD) concluded trading on Wednesday at a closing price of $15.45, with 5.01 million shares of worth about $77.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 56.69% during that period and on Wednesday the price saw a gain of about 1.64%. Currently the company’s common shares owned by public are about 154.03M shares, out of which, 152.03M 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 48 times over the past 12 months. They bought 811,407 shares in 20 of the transactions. In 28 selling transactions, insiders dumped 326,952 shares.
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Stock saw a price change of 3.90% in past 5 days and over the past one month there was a price change of 31.60%. Year-to-date (YTD), IRWD shares are showing a performance of 35.05% which increased to 37.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.07 but also hit the highest price of $15.54 during that period. The average intraday trading volume for Ironwood Pharmaceuticals Inc shares is 2.73 million. The stock is currently trading 10.24% above its 20-day simple moving average (SMA20), while that difference is up 24.34% for SMA50 and it goes to 45.94% higher than SMA200.
Ironwood Pharmaceuticals Inc (NASDAQ: IRWD) currently have 154.03M outstanding shares and institutions hold larger chunk of about 107.41% of that.
The stock has a current market capitalization of $2.41B and its 3Y-monthly beta is at 0.66. It has posted earnings per share of -$6.24 in the same period. It has Quick Ratio of 0.90. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IRWD, volatility over the week remained 2.78% while standing at 3.33% over the month.
Analysts are in expectations that Ironwood Pharmaceuticals Inc (IRWD) stock would likely to be making an EPS of $0.21 in the current quarter, while forecast for next quarter EPS is $0.15 and it is $0.83 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.13 which is $0.39 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 $0.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -709.38% while it is estimated to increase by 113.61% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on January 17, 2024 offering a Buy rating for the stock and assigned a target price of $21 to it.
