For the readers interested in the stock health of India Globalization Capital Inc. (IGC). It is currently valued at $1.64. When the transactions were called off in the previous session, Stock hit the highs of $1.84, after setting-off with the price of $1.75. Company’s stock value dipped to $1.58 during the trading on the day. When the trading was stopped its value was $1.69.
Recently in News on June 8, 2021, IGC Completes Cohort 2 of its Phase 1 THC-Based Clinical Trial on Alzheimer’s Patients. India Globalization Capital, Inc. (“IGC”) (NYSE American: IGC) announces today that it has completed Cohort 2 of its Phase 1 clinical trial on IGC’s tetrahydrocannabinol (“THC”)-based investigational new drug, IGC-AD1, intended to alleviate the symptoms of individuals suffering from Alzheimer’s disease. As previously disclosed, IGC submitted IGC-AD1 to the U.S. Food and Drug Administration (“FDA”) under Section 505(i) of the Federal Food, Drug, and Cosmetic Act. IGC received approval to proceed with the trial from the FDA on July 30, 2020. You can read further details here
India Globalization Capital 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 $3.7200 on 02/10/21, with the lowest value was $1.2000 for the same time period, recorded on 05/13/21.
India Globalization Capital Inc. (IGC) full year performance was 164.52%
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, India Globalization Capital Inc. shares are logging -63.56% during the 52-week period from high price, and 221.57% 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 $0.51 and $4.50.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 8332693 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 India Globalization Capital Inc. (IGC) recorded performance in the market was 5.13%, having the revenues showcasing -4.65% 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 68.67M, as it employees total of 31 workers.
Market experts do have their say about India Globalization Capital Inc. (IGC)
During the last month, 0 analysts gave the India Globalization Capital Inc. 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 1.6841, with a change in the price was noted +0.07. In a similar fashion, India Globalization Capital Inc. posted a movement of +4.46% for the period of last 100 days, recording 3,910,226 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 IGC is recording 0.03 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.01.
Technical breakdown of India Globalization Capital Inc. (IGC)
Raw Stochastic average of India Globalization Capital Inc. in the period of last 50 days is set at 68.75%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 68.75%. In the last 20 days, the company’s Stochastic %K was 64.68% and its Stochastic %D was recorded 59.98%.
Bearing in mind the latest performance of India Globalization Capital Inc., several 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 5.13%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -17.59%, alongside a boost of 164.52% for the period of the last 12 months. The shares increased approximately by 13.10% in the 7-day charts and went up by 7.19% in the period of the last 30 days. Common stock shares were lifted by -4.65% during last recorded quarter.