Ibotta Inc (NYSE:IBTA) price on current trading day, rose 4.37% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $76.21.
A look at the stock’s price movement, the close in the last trading session was $73.02, moving within a range at $71.95 and $76.2186. The PE ratio in trailing twelve months stood at 203.01. Turning to its 52-week performance, $117.59 and $41.87 were the 52-week high and 52-week low respectively. Overall, IBTA moved 7.37% over the past month.
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Ibotta Inc’s market cap currently stands at around $2.33 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 103.67M for the company’s revenue for the quarter, with a low and high estimate of 103M and 105.22M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 372.49M, representing a 16.39% jump on that reported in the last financial year.
5 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, 4 recommend IBTA 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.
The technical evaluation for the stock shows the PEG ratio is 5.61, with IBTA’s current price about 7.39% and 9.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.31, while 7-day volatility ratio is 4.67% and 5.74% in the 30-day chart. Further, Ibotta Inc (IBTA) has a beta value of 0, and an average true range (ATR) of 3.96. Analysts have given the company’s stock an average 52-week price target of $86, forecast between a low of $65 and high of $114. Looking at the price targets, the low is 14.71% off current price level while to achieve the yearly target high, price needs to move -49.59%. Nonetheless, investors will most likely welcome a -12.85% jump to $86 which is the analysts’ median price.
If we refocus on Ibotta Inc (NYSE:IBTA), historical trading data shows that trading volumes averaged 0.38 over the past 10 days and 254.52K over the past 3 months. The company’s latest data on shares outstanding shows there are 27.48 million shares.
The 49.17% of Ibotta Inc’s shares are in the hands of company insiders while institutional holders own 44.15% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.09 million on 2024-11-15, giving us a short ratio of 4.06. The data shows that as of 2024-11-15 short interest in Ibotta Inc (IBTA) stood at 681.0 of shares outstanding, with shares short rising to 0.95 million registered in 2024-10-15. Current price change has pushed the stock -26.19% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IBTA stock continues to rise going into the next quarter.
