Inter & Co Inc (NASDAQ:INTR) price on current trading day, fall -5.26% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.13.
A look at the stock’s price movement, the close in the last trading session was $6.47, moving within a range at $6.0813 and $6.27. The beta value (5-Year monthly) was 1.509 while the PE ratio in trailing twelve months stood at 20.41. Turning to its 52-week performance, $7.84 and $3.52 were the 52-week high and 52-week low respectively. Overall, INTR moved -15.33% over the past month.
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Inter & Co Inc’s market cap currently stands at around $2.47 billion, with investors looking forward to this quarter’s earnings report slated for in November. The company has a Forward Dividend ratio of 0.03, with its dividend yield at 0.49%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 294.04M for the company’s revenue for the quarter, with a low and high estimate of 281.56M and 304.6M respectively. The average forecast suggests up to a 14.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.14B, representing a 24.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that INTR is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend INTR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
INTR’s current price about -12.52% and -12.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 27.83, while 7-day volatility ratio is 3.22% and 3.27% in the 30-day chart. Further, Inter & Co Inc (INTR) has a beta value of 1.53, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $4.2, forecast between a low of $4.2 and high of $4.2. Looking at the price targets, the low is 31.48% off current price level while to achieve the yearly target high, price needs to move 31.48%. Nonetheless, investors will most likely welcome a 31.48% jump to $4.2 which is the analysts’ median price.
If we refocus on Inter & Co Inc (NASDAQ:INTR), historical trading data shows that trading volumes averaged 1.38 over the past 10 days and 2.00 million over the past 3 months. The company’s latest data on shares outstanding shows there are 285.15 million shares.
The 49.24% of Inter & Co Inc’s shares are in the hands of company insiders while institutional holders own 19.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.05 million on 2024-09-13, giving us a short ratio of 2.07. The data shows that as of 2024-09-13 short interest in Inter & Co Inc (INTR) stood at 279.0 of shares outstanding, with shares short rising to 0.75 million registered in 2024-08-15. Current price change has pushed the stock 10.25% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INTR stock continues to rise going into the next quarter.
