For the readers interested in the stock health of IKONICS Corporation (IKNX). It is currently valued at $11.74. When the transactions were called off in the previous session, Stock hit the highs of $11.4445, after setting-off with the price of $10.11. Company’s stock value dipped to $10.035 during the trading on the day. When the trading was stopped its value was $11.05.
Recently in News on October 29, 2020, IKONICS Announces Third Quarter 2020 Results. IKONICS Corporation (the “Company” or “IKONICS”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced third quarter 2020 earnings. IKONICS recorded third quarter 2020 revenue of $3,135,000 compared to $4,530,000 in 2019, a decline of 31%. IKONICS posted a third quarter 2020 loss of $274,000, or $0.14 per diluted share, compared to a loss of $163,000, or $0.08 per diluted share, for the same period in 2019. For the nine months ending September 30, 2020, the Company realized a net loss of $0.96 per diluted share compared to a net loss of $0.37 per diluted share for the same period in 2019. You can read further details here
IKONICS Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $16.00 on 01/15/21, with the lowest value was $8.50 for the same time period, recorded on 01/05/21.
IKONICS Corporation (IKNX) full year performance was 90.52%
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, IKONICS Corporation shares are logging -26.63% during the 52-week period from high price, and 315.55% 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 $2.83 and $16.00.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 61308 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the IKONICS Corporation (IKNX) recorded performance in the market was 10.84%, having the revenues showcasing 182.61% 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 21.99M, as it employees total of 82 workers.
The Analysts eye on IKONICS Corporation (IKNX)
During the last month, 0 analysts gave the IKONICS Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 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 6.30, with a change in the price was noted +8.05. In a similar fashion, IKONICS Corporation posted a movement of +229.35% for the period of last 100 days, recording 26,380 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 IKNX is recording 0.38 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.05.
Technical rundown of IKONICS Corporation (IKNX)
Raw Stochastic average of IKONICS Corporation in the period of last 50 days is set at 59.27%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 35.09%. In the last 20 days, the company’s Stochastic %K was 26.60% and its Stochastic %D was recorded 22.42%.
Considering, the past performance of IKONICS Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 10.84%. Additionally, trading for the stock in the period of the last six months notably improved by 177.64%, alongside a boost of 90.52% for the period of the last 12 months. The shares increased approximately by 9.95% in the 7-day charts and went down by 14.27% in the period of the last 30 days. Common stock shares were driven by 182.61% during last recorded quarter.