India Globalization Capital Inc. (IGC) is priced at $3.50 after the most recent trading session. At the very opening of the session, the stock price was $1.43 and reached a high price of $1.50, prior to closing the session it reached the value of $1.48. The stock touched a low price of $1.42.
Recently in News on July 22, 2021, IGC Announces Issuance of Patent for the Treatment of Alzheimer’s Disease Using THC. India Globalization Capital, Inc. (the “Company”) (NYSE American: IGC) announced today that on July 20, 2021, the United States Patent and Trademark Office (“USPTO”) issued a patent (#11,065,225) for the treatment of Alzheimer’s disease entitled “Ultra-Low dose THC as a potential therapeutic and prophylactic agent for Alzheimer’s Disease.”. 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 $4.6100 on 07/22/21, 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 154.60%
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 -22.33% during the 52-week period from high price, and 545.96% 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 $0.54 and $4.50.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 195789255 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 2.07% 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 61.09M, as it employees total of 50 workers.
The Analysts eye on 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 1.5973, with a change in the price was noted +1.49. In a similar fashion, India Globalization Capital Inc. posted a movement of +76.89% for the period of last 100 days, recording 4,115,351 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 0.02 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.01.
Technical rundown of India Globalization Capital Inc. (IGC)
Raw Stochastic average of India Globalization Capital Inc. in the period of last 50 days is set at 65.45%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 63.74%. In the last 20 days, the company’s Stochastic %K was 29.69% and its Stochastic %D was recorded 14.75%.
Considering, the past performance of India Globalization Capital 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 -5.13%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -3.90%, alongside a boost of 154.60% for the period of the last 12 months. The shares increased approximately by 3.50% in the 7-day charts and went up by -0.67% in the period of the last 30 days. Common stock shares were driven by 2.07% during last recorded quarter.