The trading price of iFresh Inc. (NASDAQ:IFMK) closed higher on Tuesday, Jan 12, closing at $0.9, 6.56% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.9100 and $0.9892. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was -3.1. In examining the 52-week price action we see that the stock hit a 52-week high of $2.83 and a 52-week low of $0.34. Over the past month, the stock has gained 20.89% in value.
On the technical side, indicators suggest IFMK has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
To see how iFresh Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: IFMK stock’s performance was +6.56% in the latest trading, and +60.49% in the past year, while Wal-Mart Stores (WMT) has traded +1.14% on the day and positioned +28.56% higher than it was a year ago. Another comparable company Kroger Company (KR) saw its stock close -0.76% lower in the most recent trading session but was up +10.91% in a year. Furthermore, Companhia Brasileira DE Distribuicao (CBD) showed an increase of 6.56% on the day while its price kept rising at 60.49% over the past year. iFresh Inc. has a P/E ratio of 0, compared to Wal-Mart Stores 21.51 and Kroger Company’s 8.4. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of iFresh Inc. (NASDAQ:IFMK) indicates that the 3-month average is 316.23 Million. However, this figure has increased over the past 10 days to an average of 504.27 Million.
Currently, records show that 36.27 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 65.83% of outstanding shares, whereas institutions hold 0.84%. The stats also highlight that short interest as of December 14, 2020, stood at 556.69 Million shares, resulting in a short ratio of 1.43 at that time. From this, we can conclude that short interest is 1.84% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 501.14 Million. However, since the stock’s price has seen +22.62% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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