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IronNet Inc. (NYSE: IRNT) Stock Sentiment Check: What Does Wall Street Say?

IronNet Inc. (NYSE:IRNT) traded at $0.41 at last check on Tuesday, January 24, made an upward move of 16.05% on its previous day’s price.

Looking at the stock we see that its previous close was $0.35 and the beta (5Y monthly) reads 1.08 with the day’s price range being $0.35 – $0.39. In terms of its 52-week price range, IRNT has a high of $7.12 and a low of $0.19. The company’s stock has gained about 80.47% over that past 30 days.

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IronNet Inc. has a market cap of $36.10 million and is expected to release its quarterly earnings report on Jan 24, 2023 – Feb 02, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.16, with the EPS growth for the year raised at -$0.72 for 2023 and -$0.53 for next year. These figures represent 20.00% and 26.40% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $6.33 million, with a low of $6.2 million and a high of $6.48 million. The median projection represents growth adding up to -8.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $26.01 million, or -5.60% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the IRNT stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the IronNet Inc. (IRNT) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Sell and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 39.43% off its SMA20 and 9.12% from its 50-day simple moving average. The RSI (14) is pointing at 60.24 while the volatility over the past week is 14.94% and jumps to 21.23% over the past one month. The average price target for the stock over the next 12 months is $0.15, with the estimates having a low of $0.15 and a high of $0.15. These price ends are 63.41% and 63.41% off the today’s price level respectively, although investors could be excited at the prospect of a 63.41% if the IRNT share price touches on the median price of $0.15.

Coming back to IronNet Inc. (NYSE:IRNT), we note that the average 3-month trading volume was 1.56 million, while that of the preceding 10-day period stands at 2.85 million. Current shares outstanding are 101.35 million.

The insiders hold 12.40% of the company’s shares while institutions hold 29.40%. The data shows that short shares as of Dec 29, 2022, stood at 5.39 million at a short ratio of 2.64. This represents a 5.19% short interest in shares outstanding on Dec 29, 2022. Shares short rose in December from the previous month at 3.36 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 53.09% up in year-to-date price movement.

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