Why is IronNet Inc. (IRNT) up 93.90% from the day 1 this year? – Invest Chronicle

Why is IronNet Inc. (IRNT) up 93.90% from the day 1 this year?

Let’s start up with the current stock price of IronNet Inc. (IRNT), which is $19.39 to be very precise. The Stock rose vividly during the last session to $23.23 after opening rate of $20.71 while the lowest price it went was recorded $19.10 before closing at $21.57.Recently in News on September 10, 2021, IronNet Announces Expansion of Philanthropic Partnership With 9/11 Memorial & Museum. IronNet to Serve as a Sponsor of the Fifth Annual 9/11 Memorial & Museum Summit on Security. September 11 to be a Permanent Day of Service for all IronNet Staff. You can read further details here

IronNet 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 $29.96 on 09/07/21, with the lowest value was $9.36 for the same time period, recorded on 08/24/21.


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IronNet Inc. (IRNT) full year performance was 93.90%

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, IronNet Inc. shares are logging -35.28% during the 52-week period from high price, and 107.05% 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 $9.36 and $29.96.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 5346056 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 IronNet Inc. (IRNT) recorded performance in the market was 91.60%, having the revenues showcasing 94.87% 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 1.31B.

Market experts do have their say about IronNet Inc. (IRNT)

During the last month, 0 analysts gave the IronNet 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 10.70, with a change in the price was noted +9.46. In a similar fashion, IronNet Inc. posted a movement of +95.27% for the period of last 100 days, recording 902,104 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 IRNT is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

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Technical breakdown of IronNet Inc. (IRNT)

Raw Stochastic average of IronNet Inc. in the period of last 50 days is set at 48.68%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 48.68%. In the last 20 days, the company’s Stochastic %K was 48.84% and its Stochastic %D was recorded 47.18%.

Bearing in mind the latest performance of IronNet 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 91.60%. Additionally, trading for the stock in the period of the last six months notably improved by 89.54%, alongside a boost of 93.90% for the period of the last 12 months. The shares 16.39% in the 7-day charts and went down by 93.71% in the period of the last 30 days. Common stock shares were driven by 94.87% during last recorded quarter.

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