HomeIndustryWhy IronNet Inc. (NYSE:IRNT) Stock dipped 22.58 percent on Tuesday?

Why IronNet Inc. (NYSE:IRNT) Stock dipped 22.58 percent on Tuesday?

Jefferies lowered the price target for the IronNet Inc. (NYSE:IRNT) stock from “a Hold” to “an Underperform”. The rating was released on September 15, 2022, according to finviz. In their research brief published September 29, 2021, Jefferies analysts initiated the IronNet Inc. stock to Hold with a price target of $27.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of IronNet Inc. (NYSE:IRNT) raised 22.58% to close Tuesday’s market session at $0.43, higher as compared to yesterday’s close. The stock price fluctuated between $0.3515 and $0.581 throughout the trading session with the volume trading being 13224506 shares, which represented a significant variation when compared to the three months average volume of 1.56 million shares. The firm’s stock price fluctuated 5.55% within the last five trades and 116.34% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -80.82% in the last 6 months and -34.11% was subtracted to its value over the previous 3 months. IRNT stock is trading at a margin of 47.28%, 15.26% and -73.82% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…


As of the close of trading, IRNT deals in the Technology domain. The stock is trading -93.94 percent below its 52-week high and 121.33 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -88.01. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does IronNet Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

The stock’s market cap achieved a total value of $44.26 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.56 that mirrors the cost to be found for sales by the market.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 12.40 percent of IronNet Inc. shares are owned by insiders, and 29.40 percent are held by financial institutions. Closser Donald, the Chief Product Officer at IronNet Inc. (IRNT) has sold 9,741 shares of firm on Nov 03 at a price of $0.68 against the total amount of $6624.0. In another inside trade, Closser Donald, Chief Product Officer of IronNet Inc. (NYSE:IRNT) sold 9,220 shares of the firm on Oct 06 for a total worth of $5716.0 at a price of $0.62. An inside trade which took place on Sep 02, Chief Product Officer of IronNet Inc. Closser Donald sold 9,289 shares of firm against total price of $17835.0 at the cost of $1.92 per share.



Please enter your comment!
Please enter your name here

Recent Post