IHS Holding Ltd [NYSE: IHS] stock went on an upward path that rose over 5.03% on Friday, amounting to a one-week price decrease of less than -0.60%.
Over the last 12 months, IHS stock dropped by -58.30%. The one-year IHS Holding Ltd stock forecast points to a potential upside of 63.22. The average equity rating for IHS stock is currently 1.17, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.11 billion, with 332.52 million shares outstanding and 150.44 million shares in the current float. Compared to the average trading volume of 465.18K shares, IHS stock reached a trading volume of 222398 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on IHS Holding Ltd [IHS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IHS shares is $9.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IHS stock is a recommendation set at 1.17. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for IHS Holding Ltd shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 09, 2022. While these analysts kept the previous recommendation, Tigress Financial raised their target price to Buy. The new note on the price target was released on June 10, 2022, representing the official price target for IHS Holding Ltd stock. Previously, the target price had yet another raise from $20 to $22, while JP Morgan kept a Overweight rating on IHS stock.
The Average True Range (ATR) for IHS Holding Ltd is set at 0.20, with the Price to Sales ratio for IHS stock in the period of the last 12 months amounting to 0.57.
IHS Stock Performance Analysis:
IHS Holding Ltd [IHS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.60. With this latest performance, IHS shares dropped by -2.91% in over the last four-week period, additionally sinking by -29.39% over the last 6 months – not to mention a drop of -58.30% 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 IHS stock in for the last two-week period is set at 45.70, with the RSI for the last a single of trading hit 44.59, and the three-weeks RSI is set at 47.10 for IHS Holding Ltd [IHS]. The present Moving Average for the last 50 days of trading for this stock 3.49, while it was recorded at 3.25 for the last single week of trading, and 4.44 for the last 200 days.
Insight into IHS Holding Ltd Fundamentals:
IHS Holding Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 0.94.
IHS Holding Ltd [IHS] Institutonal Ownership Details
The top three institutional holders of IHS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in IHS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in IHS stock with ownership which is approximately 5.8386%.
