Time to Buy Beat-Down Ingersoll Rand Inc. (IR) Stock? Here is the INSIGHT

Ingersoll Rand Inc. (IR) is priced at $35.39 after the most recent trading session. At the very opening of the session, the stock price was $36.10 and reached a high price of $36.34, prior to closing the session it reached the value of $36.10. The stock touched a low price of $35.03.

Recently in News on September 1, 2020, Ingersoll Rand Acquires Leading Peristaltic Pump Manufacturer, Albin Pump SAS. Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, completed the acquisition of Albin Pump SAS (Albin) headquartered in Montelimar, France. The transaction was completed with cash on hand and fits strategically with the company’s intention to expand its offering of fluid management technologies and drive more sustainability into pump applications. You can read further details here

Ingersoll Rand Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $38.96 on 02/21/20, with the lowest value was $17.01 for the same time period, recorded on 03/18/20.

Ingersoll Rand Inc. (IR) full year performance was 25.23%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Ingersoll Rand Inc. shares are logging -9.16% during the 52-week period from high price, and 108.05% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $17.01 and $38.96.

The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 2028710 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Ingersoll Rand Inc. (IR) recorded performance in the market was -3.52%, having the revenues showcasing 6.47% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 14.57B, as it employees total of 6600 workers.

Analysts verdict on Ingersoll Rand Inc. (IR)

During the last month, 5 analysts gave the Ingersoll Rand Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 10 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 30.55, with a change in the price was noted +9.04. In a similar fashion, Ingersoll Rand Inc. posted a movement of +34.31% for the period of last 100 days, recording 3,292,310 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for IR is recording 0.45 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.45.

Ingersoll Rand Inc. (IR): Technical Analysis

Raw Stochastic average of Ingersoll Rand Inc. in the period of last 50 days is set at 89.89%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 73.16%. In the last 20 days, the company’s Stochastic %K was 88.53% and its Stochastic %D was recorded 87.74%.

Let’s take a glance in the erstwhile performances of Ingersoll Rand Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -3.52%. Additionally, trading for the stock in the period of the last six months notably improved by 27.35%, alongside a boost of 25.23% for the period of the last 12 months. The shares increased approximately by 0.28% in the 7-day charts and went down by 7.57% in the period of the last 30 days. Common stock shares were driven by 6.47% during last recorded quarter.