Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) is -0.36 points lower today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has plummeted by nearly -8.49% to $3.88 from its previous close of $4.24. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 114908 contracts so far this session. IEA shares had a relatively better volume day versus average trading capacity of 83.69 million shares, but with a 20.41 million float and a -6.19% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for IEA stock indicates that the average analyst price target is $10.13 per share. This means the stock has a potential increase of 161.08% from where the IEA share price has been trading recently which is between $4.1808 and $4.63.
The shorts are climbing into Infrastructure and Energy Alternatives, Inc. (IEA) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a rise in short interest in IEA shares. While short interest still represents only 2.76% of IEA’s float, the number of shares shorted have risen by 139679. The number of shares shorted advanced to 702891 shares, up from 563212 shares during the preceding fortnight. With average daily trading volumes at 82586 shares, days to cover increased to about 3.995375 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Infrastructure and Energy Alternatives, Inc. Announces First Quarter 2019 Results” and dated May 16, 2019.
During the recent trading session for Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA), the company witnessed their stock drop by $-0.9 over a week and tumble down $-0.59 from the price 20 days ago. When compared to their established 52-week high of $11.27, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 08/24/18. The recent low of $3.8 stood for a -65.57% since 05/17/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Infrastructure and Energy Alternatives, Inc., the two-week RSI stands at 31.77. This figure suggests that IEA stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current IEA readings is similarly very revealing as it has a stochastic reading of 20.42% at this stage. This figure means that IEA share price today is being overbought.
Technical chart claims that Infrastructure and Energy Alternatives, Inc. (IEA) would settle between $4.52/share to $4.8/share level. However, if the stock price goes below the $4.07 mark, then the market for Infrastructure and Energy Alternatives, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $3.9 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.19. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at DA Davidson, assumed coverage of IEA assigning Neutral rating, according to their opinion released on November 01.
IEA equity has an average rating of 2, with the figure leaning towards a bullish end. 2 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Infrastructure and Energy Alternatives, Inc. current P/E ratio of 1452.88 means it is trading at a premium against its industry’s 14.58. In the past 5 years, this ratio for the stock has been fluctuating between 0 and 0.
Infrastructure and Energy Alternatives, Inc. (IEA)’s current-quarter revenues are projected to climb by nearly 65.8% to hit $288600, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 49.85% from $779340 to a noteworthy $1.17 billion. At the other end of the current quarter income statement, Infrastructure and Energy Alternatives, Inc. is expected to see its adjusted earnings surge by roughly 50% to hit $0.21 per share. For the fiscal year, IEA’s earnings are projected to climb by roughly 347.5% to hit $1.98 per share.