logo

Independence Realty Trust Inc Inc. (IRT) Price Performance: The Role of Supply and Demand

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant gain of 15.69% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 24.90%. Over the past 30 days, the price of IRT has fallen by 4.61%. And in the last five days, it has surged by 4.49%.

Independence Realty Trust Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $18.35 on 06/16/23 and the lowest value was $11.52 on 10/31/23.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

52-week price history of IRT Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Independence Realty Trust Inc’s current trading price is -3.54% away from its 52-week high, while its distance from the 52-week low is 53.62%. The stock’s price range during this period has varied between$11.52 and $18.35. The Independence Realty Trust Inc’s shares, which operate in the Real Estate, saw a trading volume of around 7.35 million for the day, a figure considerably higher than their average daily volume of 2.16 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Independence Realty Trust Inc (IRT) has experienced a quarterly rise of 9.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.98B and boasts a workforce of 952 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 15.84, with a change in price of +2.81. Similarly, Independence Realty Trust Inc recorded 2,358,565 in trading volume during the last 100 days, posting a change of +18.87%.

IRT’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for IRT stands at 0.67. Similarly, the long-term debt-to-equity ratio is also 0.66.

IRT Stock Stochastic Average

As of today, Independence Realty Trust Inc’s raw stochastic average for the last 50 days stands at 92.47%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 91.09%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 93.46% and 91.66%, respectively.

Most Popular