India Globalization Capital Inc. [AMEX: IGC] closed the trading session at $0.61 on 07/21/22. The day’s price range saw the stock hit a low of $0.58, while the highest price level was $0.68. The company report on June 22, 2022 that IGC Reports Financial Results for Fiscal Year Ended March 31, 2022.
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India Globalization Capital, Inc. (“IGC” or the “Company”) (NYSE American: IGC) announces its financial results for Fiscal Year Ended March 31, 2022.
The stocks have a year to date performance of -37.61 percent and weekly performance of 14.97 percent. The stock has been moved at -38.46 percent over the last six months. The stock has performed -1.47 percent around the most recent 30 days and changed -28.26 percent over the most recent 3-months.
If compared to the average trading volume of 674.29K shares, IGC reached to a volume of 2297565 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about India Globalization Capital Inc. [IGC]:
The Average True Range (ATR) for India Globalization Capital Inc. is set at 0.07, with the Price to Sales ratio for IGC stock in the period of the last 12 months amounting to 81.34. The Price to Book ratio for the last quarter was 1.30, with the Price to Cash per share for the same quarter was set at 0.20.
IGC stock trade performance evaluation
India Globalization Capital Inc. [IGC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.97. With this latest performance, IGC shares dropped by -1.47% in over the last four-week period, additionally sinking by -38.46% over the last 6 months – not to mention a drop of -58.84% 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 60.17, with the RSI for the last a single of trading hit 68.89, and the three-weeks RSI is set at 55.25 for India Globalization Capital Inc. [IGC]. The present Moving Average for the last 50 days of trading for this stock 0.5151, while it was recorded at 0.5460 for the last single week of trading, and 0.9485 for the last 200 days.
India Globalization Capital Inc. [IGC]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and India Globalization Capital Inc. [IGC] shares currently have an operating margin of -3886.15 and a Gross Margin at -109.07. India Globalization Capital Inc.’s Net Margin is presently recorded at -3782.37.
Return on Equity for this stock declined to -52.97, with Return on Assets sitting at -47.90.
India Globalization Capital Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.70 and a Current Ratio set at 6.20.
India Globalization Capital Inc. [IGC]: Insider Ownership positions
There are presently around $3 million, or 8.20% of IGC stock, in the hands of institutional investors. The top three institutional holders of IGC stocks are: MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. with ownership of 2,754,514, which is approximately 65.795% of the company’s market cap and around 9.30% of the total institutional ownership; BLACKROCK INC., holding 858,786 shares of the stock with an approximate value of $0.48 million in IGC stocks shares; and VANGUARD GROUP INC, currently with $0.36 million in IGC stock with ownership of nearly -1.364% 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 1,264,124 shares. Additionally, 13 investors decreased positions by around 1,835,761 shares, while 8 investors held positions by with 2,539,727 shares. The mentioned changes placed institutional holdings at 5,639,612 shares, according to the latest SEC report filing. IGC stock had 3 new institutional investments in for a total of 91,484 shares, while 2 institutional investors sold positions of 102,782 shares during the same period.