Some Investing Thoughts On IGC Pharma Inc (AMEX: IGC)

IGC Pharma Inc (IGC) concluded trading on Thursday at a closing price of $0.69, with 6.46 million shares of worth about $4.46 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 97.79% during that period and on April 4, 2024 the price saw a gain of about 7.73%. Currently the company’s common shares owned by public are about 66.06M shares, out of which, 58.81M shares are available for trading.

Stock saw a price change of 69.72% in past 5 days and over the past one month there was a price change of 105.76%. Year-to-date (YTD), IGC shares are showing a performance of 146.30% which increased to 98.59% 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 $0.65 during that period. The average intraday trading volume for IGC Pharma Inc shares is 591.08K. The stock is currently trading 79.71% above its 20-day simple moving average (SMA20), while that difference is up 106.36% for SMA50 and it goes to 109.96% higher than SMA200.

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IGC Pharma Inc (AMEX: IGC) currently have 66.06M outstanding shares and institutions hold larger chunk of about 3.74% of that.

The stock has a current market capitalization of $45.57M and its 3Y-monthly beta is at 1.70. 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 24.55% while standing at 15.48% 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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