Ingram Micro Holding Corp (NYSE:INGM) price on Friday, March 21, fall -0.62% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $19.31.
A look at the stock’s price movement, the close in the last trading session was $19.43, moving within a range at $18.79 and $19.45. The PE ratio in trailing twelve months stood at 17.16. Turning to its 52-week performance, $25.69 and $18.38 were the 52-week high and 52-week low respectively. Overall, INGM moved -18.45% over the past month.
Ingram Micro Holding Corp’s market cap currently stands at around $4.53 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-03. The company has a Forward Dividend ratio of 0.07, with its dividend yield at 0.38%. 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 11.62B for the company’s revenue for the quarter, with a low and high estimate of 11.58B and 11.7B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 49.51B, representing a 3.17% jump on that reported in the last financial year.
The technical evaluation for the stock shows the PEG ratio is 1.95, with INGM’s current price about -4.29% and -11.03% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.06, while 7-day volatility ratio is 2.84% and 4.04% in the 30-day chart. Further, Ingram Micro Holding Corp (INGM) has a beta value of 0, and an average true range (ATR) of 0.79. Analysts have given the company’s stock an average 52-week price target of $28, forecast between a low of $24 and high of $30. Looking at the price targets, the low is -24.29% off current price level while to achieve the yearly target high, price needs to move -55.36%. Nonetheless, investors will most likely welcome a -45.0% jump to $28 which is the analysts’ median price.
If we refocus on Ingram Micro Holding Corp (NYSE:INGM), historical trading data shows that trading volumes averaged 0.43 over the past 10 days and 338.27K over the past 3 months. The company’s latest data on shares outstanding shows there are 234.83 million shares.
The 90.98% of Ingram Micro Holding Corp’s shares are in the hands of company insiders while institutional holders own 10.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.13 million on 2025-02-28, giving us a short ratio of 5.44. The data shows that as of 2025-02-28 short interest in Ingram Micro Holding Corp (INGM) stood at 505.99999999999994 of shares outstanding, with shares short rising to 0.73 million registered in 2025-01-31. Current price change has pushed the stock -0.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INGM stock continues to rise going into the next quarter.
