Market Highlights: IHS Holding Ltd (IHS) Ends on a Low Note at 3.08

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The price of IHS Holding Ltd (NYSE: IHS) closed at $3.08 in the last session, down -2.22% from day before closing price of $3.15. In other words, the price has decreased by -$2.22 from its previous closing price. On the day, 0.81 million shares were traded. IHS stock price reached its highest trading level at $3.12 during the session, while it also had its lowest trading level at $2.955.

Ratios:

We take a closer look at IHS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.15.

On July 01, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $3.50.

On November 09, 2022, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $12.Wells Fargo initiated its Overweight rating on November 09, 2022, with a $12 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 13 ’24 when Synesael Colby A bought 72,519 shares for $2.85 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IHS now has a Market Capitalization of 1026305280 and an Enterprise Value of 4978673664. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58. Its current Enterprise Value per Revenue stands at 2.792 whereas that against EBITDA is 6.238.

Stock Price History:

Over the past 52 weeks, IHS has reached a high of $4.79, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is 1.82%, while the 200-Day Moving Average is calculated to be -3.60%.

Shares Statistics:

According to the various share statistics, IHS traded on average about 348.90K shares per day over the past 3-months and 554390 shares per day over the past 10 days. A total of 333.07M shares are outstanding, with a floating share count of 151.07M. Insiders hold about 54.64% of the company’s shares, while institutions hold 18.95% stake in the company. Shares short for IHS as of 1732838400 were 498207 with a Short Ratio of 1.43, compared to 1730332800 on 560987. Therefore, it implies a Short% of Shares Outstanding of 498207 and a Short% of Float of 0.3.

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