Growth Story Still Intact For IGC Pharma Inc (IGC)

IGC Pharma Inc (IGC) concluded trading on Wednesday at a closing price of $0.35, with 3.89 million shares of worth about $1.36 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.16% during that period and on on Wednesday the price saw a gain of about 1.99%. Currently the company’s common shares owned by public are about 53.08M shares, out of which, 51.36M 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 11 times over the past 12 months. They bought 983,336 shares in 10 of the transactions. In 1 selling transactions, insiders dumped 400,000 shares.

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Stock saw a price change of 24.24% in past 5 days and over the past one month there was a price change of 24.16%. Year-to-date (YTD), IGC shares are showing a performance of 24.60% which decreased to -7.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.25 but also hit the highest price of $0.49 during that period. The average intraday trading volume for IGC Pharma Inc shares is 328.31K. The stock is currently trading 17.90% above its 20-day simple moving average (SMA20), while that difference is up 20.92% for SMA50 and it goes to 8.87% higher than SMA200.

IGC Pharma Inc (AMEX: IGC) currently have 53.08M outstanding shares and institutions hold larger chunk of about 3.87% of that.

The stock has a current market capitalization of $22.24M and its 3Y-monthly beta is at 1.68. It has posted earnings per share of -$0.25 in the same period. It has Quick Ratio of 0.83 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IGC, volatility over the week remained 21.26% while standing at 9.97% over the month.

Analysts are in expectations that IGC Pharma Inc (IGC) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.04 and it is -$0.16 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is -$0.04 at the higher side of the target for the same.

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