Ibotta Inc (NYSE:IBTA) price on current trading day, fall -1.02% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $40.33.
A look at the stock’s price movement, the level at last check in today’s session was $40.74, moving within a range at $39.725 and $43.062. The PE ratio in trailing twelve months stood at 19.90. Turning to its 52-week performance, $117.59 and $31.40 were the 52-week high and 52-week low respectively. Overall, IBTA moved -43.61% over the past month.
Ibotta Inc’s market cap currently stands at around $1.25 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 82.25M for the company’s revenue for the quarter, with a low and high estimate of 81.7M and 83.12M respectively. The average forecast suggests down to a -0.10% 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 381.88M, representing a 3.98% 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 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% 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 -6.37% and -33.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.77, while 7-day volatility ratio is 7.33% and 7.51% in the 30-day chart. Further, Ibotta Inc (IBTA) has a beta value of 0, and an average true range (ATR) of 3.50. 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 -38.85% off recent price level in today’s trading while to achieve the yearly target high, it has to move -98.36%. Nonetheless, investors will most likely welcome a -61.17% 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 0.66 over the past 10 days and 431.23K over the past 3 months. The company’s latest data on shares outstanding shows there are 27.81 million shares.
The 58.69% of Ibotta Inc’s shares are in the hands of company insiders while institutional holders own 43.91% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.67 million on 2025-02-28, giving us a short ratio of 4.1. The data shows that as of 2025-02-28 short interest in Ibotta Inc (IBTA) stood at 1022.9999600000001 of shares outstanding, with shares short falling to 2.17 million registered in 2025-01-31. Current price change has pushed the stock -38.04% 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.
