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In the latest session, Ibotta Inc (NYSE: IBTA) closed at $65.55 down -12.52% from its previous closing price of $74.93. In other words, the price has decreased by -$12.52 from its previous closing price. On the day, 1.26 million shares were traded. IBTA stock price reached its highest trading level at $66.2113 during the session, while it also had its lowest trading level at $60.42.
Ratios:
For a deeper understanding of Ibotta Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.81 and its Current Ratio is at 2.72. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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, UBS on Nov-15-24, Downgraded its rating to Neutral and sets its target price to $65 from $90 previously.
On October 14, 2024, Goldman Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $87.
Needham reiterated its Buy rating for the stock on August 14, 2024, while the target price for the stock was revised from $125 to $100.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 28 ’24 when Donahue Richard I. sold 15,000 shares for $75.36 per share. The transaction valued at 1,130,422 led to the insider holds 159,691 shares of the business.
El Tabib Amir sold 2,500 shares of IBTA for $187,500 on Oct 28 ’24. The Chief Business Dev. Officer now owns 98,055 shares after completing the transaction at $75.00 per share. On Oct 28 ’24, another insider, D. E. SHAW & CO, L.P., who serves as the 10% Owner of the company, bought 6,046 shares for $75.04 each. As a result, the insider paid 453,686 and bolstered with 2,065,000 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, IBTA now has a Market Capitalization of 1802775808 and an Enterprise Value of 1668702848. As of this moment, Ibotta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 201.20, and their Forward P/E ratio for the next fiscal year is 26.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.45 while its Price-to-Book (P/B) ratio in mrq is 5.58. Its current Enterprise Value per Revenue stands at 4.528 whereas that against EBITDA is 38.137.
Stock Price History:
Over the past 52 weeks, IBTA has reached a high of $117.59, while it has fallen to a 52-week low of $41.87. The 50-Day Moving Average of the stock is -0.81%, while the 200-Day Moving Average is calculated to be -11.06%.
Shares Statistics:
For the past three months, IBTA has traded an average of 221.48K shares per day and 237180 over the past ten days. A total of 27.10M shares are outstanding, with a floating share count of 16.78M. Insiders hold about 45.22% of the company’s shares, while institutions hold 42.69% stake in the company. Shares short for IBTA as of 1730332800 were 931924 with a Short Ratio of 4.21, compared to 1727654400 on 933611. Therefore, it implies a Short% of Shares Outstanding of 931924 and a Short% of Float of 5.83.
