Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, ImmunoPrecise Antibodies Ltd (NASDAQ: IPA) closed at $1.64 down -1.20% from its previous closing price of $1.66. In other words, the price has decreased by -$1.20 from its previous closing price. On the day, 0.99 million shares were traded. IPA stock price reached its highest trading level at $1.64 during the session, while it also had its lowest trading level at $1.52.
Ratios:
For a deeper understanding of ImmunoPrecise Antibodies Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 2.08. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on December 02, 2022, initiated with a Buy rating and assigned the stock a target price of $9.
On October 25, 2021, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $12.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IPA now has a Market Capitalization of 76627192 and an Enterprise Value of 78430752. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.31 while its Price-to-Book (P/B) ratio in mrq is 4.43. Its current Enterprise Value per Revenue stands at 3.199 whereas that against EBITDA is -8.423.
Stock Price History:
The Beta on a monthly basis for IPA is 0.55, which has changed by 1.0197043 over the last 52 weeks, in comparison to a change of 0.20277917 over the same period for the S&P500. Over the past 52 weeks, IPA has reached a high of $2.41, while it has fallen to a 52-week low of $0.27. The 50-Day Moving Average of the stock is 37.18%, while the 200-Day Moving Average is calculated to be 159.07%.
Shares Statistics:
For the past three months, IPA has traded an average of 2.40M shares per day and 1724560 over the past ten days. A total of 46.15M shares are outstanding, with a floating share count of 40.01M. Insiders hold about 13.31% of the company’s shares, while institutions hold 8.71% stake in the company. Shares short for IPA as of 1752537600 were 495801 with a Short Ratio of 0.21, compared to 1749772800 on 1390071. Therefore, it implies a Short% of Shares Outstanding of 495801 and a Short% of Float of 1.08.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
