Could IGC Pharma Inc (IGC) stock price achieve new all-time highs if its expected earnings and revenue increase?

In Thursday’s Wall Street session, IGC Pharma Inc (AMEX:IGC) shares traded at $0.41, up 13.39% from the previous session.

IGC stock price is now 33.49% away from the 50-day moving average and 25.09% away from the 200-day moving average. The market capitalization of the company currently stands at $34.82M.

In other news, Moran James P, Director bought 588,235 shares of the company’s stock on Sep 25 ’24. The stock was bought for $200,000 at an average price of $0.34. Upon completion of the transaction, the Director now directly owns 942,402 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Director PRINS RICHARD K bought 200,000 shares of the business’s stock. A total of $78,200 was incurred on buying the stock at an average price of $0.39. A total of 31.76% of the company’s stock is owned by insiders.

During the past 12 months, IGC Pharma Inc has had a low of $0.25 and a high of $0.50. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 1.28, and a quick ratio of 0.68. The fifty day moving average price for IGC is $0.3114 and a two-hundred day moving average price translates $0.33215 for the stock.

The latest earnings results from IGC Pharma Inc (AMEX: IGC) was released for 2025-03-31. The net profit margin was -560.27% and return on equity was -104.33% for IGC. The company reported revenue of $0.33 million for the quarter, compared to $0.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.86 percent.

Related Posts

Fosters Research
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.