India Globalization Capital Inc. [AMEX: IGC] gained 4.35% on the last trading session, reaching $1.20 price per share at the time.
India Globalization Capital Inc. represents 40.19 million in outstanding shares, while the company has a total market value of $49.42 million with the latest information. IGC stock price has been found in the range of $1.12 to $1.24.
If compared to the average trading volume of 12.65M shares, IGC reached a trading volume of 3181174 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about India Globalization Capital Inc. [IGC]:
The Average True Range (ATR) for India Globalization Capital Inc. is set at 0.25, with the Price to Sales ratio for IGC stock in the period of the last 12 months amounting to 16.47. The Price to Book ratio for the last quarter was 1.94, with the Price to Cash per share for the same quarter was set at 0.19.
Trading performance analysis for IGC stock
India Globalization Capital Inc. [IGC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.44. With this latest performance, IGC shares dropped by -4.76% in over the last four-week period, additionally plugging by 233.33% over the last 6 months – not to mention a rise of 7.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IGC stock in for the last two-week period is set at 50.79, with the RSI for the last a single of trading hit 48.08, and the three-weeks RSI is set at 51.14 for India Globalization Capital Inc. [IGC]. The present Moving Average for the last 50 days of trading for this stock 1.0825, while it was recorded at 1.1880 for the last single week of trading, and 0.6910 for the last 200 days.
India Globalization Capital Inc. [IGC]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and India Globalization Capital Inc. [IGC] shares currently have an operating margin of -168.57 and a Gross Margin at -0.47. India Globalization Capital Inc.’s Net Margin is presently recorded at -179.64.
Return on Total Capital for IGC is now -22.62, given the latest momentum, and Return on Invested Capital for the company is -24.14. Return on Equity for this stock declined to -24.34, with Return on Assets sitting at -23.06. When it comes to the capital structure of this company, India Globalization Capital Inc. [IGC] has a Total Debt to Total Equity ratio set at 2.02. Additionally, IGC Total Debt to Total Capital is recorded at 1.98, with Total Debt to Total Assets ending up at 1.85. Long-Term Debt to Equity for the company is recorded at 1.83, with the Long-Term Debt to Total Capital now at 1.79.
Reflecting on the efficiency of the workforce at the company, India Globalization Capital Inc. [IGC] managed to generate an average of -$146,300 per employee. Receivables Turnover for the company is 37.53 with a Total Asset Turnover recorded at a value of 0.13.India Globalization Capital Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.10 and a Current Ratio set at 6.90.
An analysis of insider ownership at India Globalization Capital Inc. [IGC]
There are presently around $2 million, or 4.70% of IGC stock, in the hands of institutional investors. The top three institutional holders of IGC stocks are: CARROLL FINANCIAL ASSOCIATES, INC. with ownership of 515,000, which is approximately 139.535% of the company’s market cap and around 13.30% of the total institutional ownership; VANGUARD GROUP INC, holding 454,110 shares of the stock with an approximate value of $0.55 million in IGC stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $0.31 million in IGC stock with ownership of nearly 0% of the company’s market capitalization.
Positions in India Globalization Capital Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 10 institutional holders increased their position in India Globalization Capital Inc. [AMEX:IGC] by around 479,872 shares. Additionally, 7 investors decreased positions by around 81,721 shares, while 10 investors held positions by with 1,395,389 shares. The mentioned changes placed institutional holdings at 1,956,982 shares, according to the latest SEC report filing. IGC stock had 3 new institutional investments in for a total of 163,045 shares, while 5 institutional investors sold positions of 11,450 shares during the same period.