Ibotta Inc (NYSE:IBTA) price on current trading day, fall -40.81% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $37.34.
A look at the stock’s price movement, the level at last check in today’s session was $63.09. The PE ratio in trailing twelve months stood at 99.47. Turning to its 52-week performance, $117.59 and $41.87 were the 52-week high and 52-week low respectively. Overall, IBTA moved -50.04% over the past month.
Ibotta Inc’s market cap currently stands at around $1.14 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 85.06M for the company’s revenue for the quarter, with a low and high estimate of 81.7M and 92.4M respectively. The average forecast suggests up to a 3.32% 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 394.32M, representing a 7.37% 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 IBTA is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
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.
IBTA’s current price about -45.77% and -45.81% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 11.41, while 7-day volatility ratio is 5.60% and 3.83% in the 30-day chart. Further, Ibotta Inc (IBTA) has a beta value of 0, and an average true range (ATR) of 4.61. Analysts have given the company’s stock an average 52-week price target of $65, forecast between a low of $56 and high of $80. Looking at the price targets, the low is -49.97% off recent price level in today’s trading while to achieve the yearly target high, it has to move -114.25%. Nonetheless, investors will most likely welcome a -74.08% jump to $65 which is the analysts’ median price.
If we refocus on Ibotta Inc (NYSE:IBTA), historical trading data shows that trading volumes averaged 295.28K over the past 3 months. The company’s latest data on shares outstanding shows there are 27.48 million shares.
The 44.47% of Ibotta Inc’s shares are in the hands of company insiders while institutional holders own 57.63% of the company’s shares. Current price change has pushed the stock -42.62% 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.
