IronNet Inc. [IRNT] Is Currently -10.45 below its 200 Period Moving Avg: What Does This Mean?


IronNet Inc. [NYSE: IRNT] The price fell -10.45 percent to -0.11 dollars. Company report on September 14, 2022 IronNet Corporation announces its financial results for the second quarter of 2023.

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Announces management changes.

He proceeds to restructure the company to include about 35% additional reduction in the number of employees.

2920,234 shares were traded in the last session while the average daily trading volume was 1.09 million shares. IronNet Inc. shares have arrived. It reached a high of $1.01 and dropped to $0.90 until it ended in the last session at $0.90.

IRNT stock currently has an average equity rating of 3.00, and is trading near a bullish pattern in the stock market.

Educator’s opinion of IronNet Inc. [IRNT]:

Jefferies made a stock appreciation for IronNet Inc. , retaining its opinion on the stock as underperforming, with their previous recommendation back on September 15, 2022. The new note on price target was issued on September 15, 2022, which is the official target price for IronNet Inc. shares.

The Average True Range (ATR) is set by IronNet Inc. at 0.20, with the price-to-sales ratio for IRNT inventory in the last 12-month period at 3.36. The price-to-book ratio for the last quarter was 5.32, with the price-to-cash ratio for the stock in the same quarter set at 0.30.

IRNT stock performance analysis:

IronNet Inc. [IRNT] It fell into the red at the end of last week, fell in a negative direction and fell by -58.89. With this latest performance, IRNT shares are down -56.93% over the past four-week period, and have also fallen -80.51% over the past six months – not to mention a -97.08% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for IRNT stock for the last two weeks was set at 21.55, with the RSI for the last one traded at 16.61, and the three-week RSI was set at 25.96 for IronNet Inc. [IRNT]. The current moving average for the last 50 trading days for this stock is 2.1535 while it recorded at 1.0969 for the last trading week, and 3.2459 for the last 200 days.

An insight into the basics of IronNet Inc.:

Operating margin for any stock indicates how profitable the investment is, IronNet Inc. [IRNT] Current operating margin for the shares is -834.15 and gross margin at +65.93. IronNet Inc. reported net margin. Currently at -880.94.

The return on equity for this stock fell to -265.48, with the return on assets remaining at -190.08.

IronNet Inc.’s liquidity data is Interesting too, with the quick ratio at 1.50 and the current one set at 1.70.

IronNet Inc. [IRNT] Insiders’ position details

There are currently approximately $19 million, or 30.00% of IRNT’s stock, in the hands of institutional investors. The three largest corporate owners of IRNT shares are: KPCB DGF II ASSOCIATES, LLC with ownership of 6,002,001, which is approximately 0% of the company’s market capitalization and approximately 11.70% of the total corporate ownership; BLACKROCK INC. , which owns 3,332,364 shares of stock with an approximate value of $3.01 million in IRNT stock; and TEMASEK HOLDINGS (PRIVATE) LTD, currently with $2.56 million in IRNT stock with ownership of approximately 0% of the company’s market capitalization.

Positions in IronNet Inc shares increased. held by institutional investors at the end of September and at the time of the September report, as 45 institutional investors consolidated their positions in IronNet Inc. [NYSE:IRNT] About 7595387 shares. In addition, 30 investors decreased their positions by 1,174,882 shares, while 10 investors held positions with 12,711,744 shares. The said changes put institutional holdings at 2,1482,013 shares, according to the latest report from the Securities and Exchange Commission. IRNT had 26 new institutional investments totaling 711,997 shares, while 16 institutional investors sold deals totaling 931,400 shares during the same period.

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