i3 Verticals, Inc. (NASDAQ:IIIV) is among the top gainers of the stock market today, skyrocketing 3.09% or (0.97 points) to $32.41 from its previous close of $31.44. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 859840 contracts so far this session. IIIV shares had a relatively better volume day versus average trading capacity of 163.14 thousand shares, but with a 14.49 million float and a -10.12% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for IIIV stock indicates that the average analyst price target is $32.17 per share. This means the stock has a potential decrease of -0.74% from where the IIIV share price has been trading recently.
During the recent trading session for i3 Verticals, Inc. (NASDAQ:IIIV), the company witnessed their stock drop by $-3.69 over a week and surge $0.91 from the price 20 days ago. When compared to their established 52-week high of $37.85, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 10/02/20. The recent low of $18.65 stood for a -14.38% since 03/10/19, 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 i3 Verticals, Inc., the two-week RSI stands at 49.11. This figure suggests that IIIV 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 IIIV readings is similarly very revealing as it has a stochastic reading of 31.47% at this stage. This figure means that IIIV share price today is being neutral.
Technical chart claims that i3 Verticals, Inc. (IIIV) would settle between $33.56/share to $35.67/share level. However, if the stock price goes below the $29.92 mark, then the market for i3 Verticals, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $28.39 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -1.57. 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 lowered their recommendation on shares of IIIV from Buy to Neutral in their opinion released on February 12. BTIG Research analysts have lowered their rating of i3 Verticals, Inc. (NASDAQ:IIIV) stock from Buy to Neutral in a separate flash note issued to investors on February 11. Analysts at BofA/Merrill released an upgrade from Neutral to Buy for the stock, in a research note that dated back to September 27.
IIIV equity has an average rating of 1.67, with the figure leaning towards a bullish end. 6 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 6 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. 6 analysts rated i3 Verticals, Inc. (NASDAQ:IIIV) 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.
Moving on, IIIV stock price is currently trading at 28.07X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 32.4. i3 Verticals, Inc. current P/B ratio of 10.4 means it is trading at a discount against its industry’s 11.5.