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After finishing at $25.24 in the prior trading day, Instructure Holdings Inc (NYSE: INST) closed at $22.90, down -9.27%. In other words, the price has decreased by -$9.27 from its previous closing price. On the day, 2.18 million shares were traded. INST stock price reached its highest trading level at $27.7 during the session, while it also had its lowest trading level at $22.6101.
Ratios:
Our goal is to gain a better understanding of INST by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 40.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.92. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.74. In the meantime, Its Debt-to-Equity ratio is 0.91 whereas as Long-Term Debt/Eq ratio is at 0.90.
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 the company, Jefferies on January 05, 2024, Upgraded its rating to Buy and sets its target price to $30 from $25 previously.
On July 12, 2023, Needham started tracking the stock assigning a Buy rating and target price of $32.
On July 06, 2023, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $32.KeyBanc Capital Markets initiated its Overweight rating on July 06, 2023, with a $32 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 14 ’23 when Kaminer Matthew sold 3,250 shares for $27.96 per share. The transaction valued at 90,870 led to the insider holds 379,572 shares of the business.
BENSON MICHAEL LEE JR. sold 20,000 shares of INST for $522,200 on Dec 06 ’23. The Chief Strategy Officer now owns 207,599 shares after completing the transaction at $26.11 per share. On Nov 16 ’23, another insider, AKOPIANTZ ERIK, who serves as the Director of the company, sold 5,748 shares for $25.36 each. As a result, the insider received 145,769 and left with 42,497 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INST now has a Market Capitalization of 3341751040 and an Enterprise Value of 4426070016. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.00 while its Price-to-Book (P/B) ratio in mrq is 2.61. Its current Enterprise Value per Revenue stands at 7.949 whereas that against EBITDA is 24.377.
Stock Price History:
Over the past 52 weeks, INST has reached a high of $28.25, while it has fallen to a 52-week low of $18.98. The 50-Day Moving Average of the stock is 0.24%, while the 200-Day Moving Average is calculated to be -3.17%.
Shares Statistics:
The stock has traded on average 403.06K shares per day over the past 3-months and 586840 shares per day over the last 10 days, according to various share statistics. A total of 145.21M shares are outstanding, with a floating share count of 17.28M. Insiders hold about 88.16% of the company’s shares, while institutions hold 11.35% stake in the company. Shares short for INST as of 1719532800 were 2124081 with a Short Ratio of 5.27, compared to 1717113600 on 1382019. Therefore, it implies a Short% of Shares Outstanding of 2124081 and a Short% of Float of 9.71.
