The trading price of Inpixon (NASDAQ:INPX) closed higher on Monday, March 11, closing at $0.06, 12.10% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $1.65 and a 52-week low of $0.04. Over the past month, the stock has gained 18.13% in value.
Inpixon, whose market valuation is $11.52 million at the time of this writing, is expected to release its quarterly earnings report Mar 28, 2024 – Apr 01, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0 for 2017 and $0 for 2019.
Analysts have forecast the company to bring in revenue of $11.92 million for the current quarter, with the likely lows of $18.32 million and highs of $18.32 million. The average estimate suggests sales will likely up by 6.10% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2017 is $45.13 million. The company’s revenue is forecast to drop by -15.90% over what it did in 2017.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Inpixon No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest INPX has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that INPX’s price is currently 20.92% off the SMA20 and 16.88% off the SMA50. The RSI metric on the 14-day chart is currently showing 63.29, and weekly volatility stands at 23.81%. When measured over the past 30 days, the indicator reaches 11.87%. Inpixon (NASDAQ:INPX)’s beta value is currently sitting at 0.81, while the Average True Range indicator is currently displaying 0.01.
To see how Inpixon stock has been performing in comparison to its peers in the industry, here are the numbers: INPX stock’s performance was 12.10% in the latest trading, and -91.99% in the past year.
An evaluation of the daily trading volume of Inpixon (NASDAQ:INPX) indicates that the 3-month average is 15.89 million. However, this figure has increased over the past 10 days to an average of 11.55 million.
Currently, records show that 194.30 million of the company’s shares remain outstanding. The insiders hold 2.08% of outstanding shares, whereas institutions hold 14.11%. The stats also highlight that short interest as of Feb 15, 2024, stood at 16.77 million shares, resulting in a short ratio of 1.5 at that time. From this, we can conclude that short interest is 8.63% of the company’s total outstanding shares. It is noteworthy that short shares in February were up slightly from the previous month’s figure, which was 8.24 million. However, since the stock’s price has seen 5.52% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
