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Tuesday, January 31, 2023

Investors’ Patience Is Being Tested Right Now By IronNet Inc. (NYSE: IRNT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for IronNet Inc. (IRNT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0268, or 7.61%, to $0.3789. The IronNet Inc. has recorded 17,009 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted IronNet Enhances its Network Detection and Response Solution to Provide Broader Visibility of Cyber Threats.

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Stocks Info

IronNet Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $0.35 and fluctuated between $0.3900 as its day high and $0.3500 as its day low. The current market capitalization of IronNet Inc. is $36.10M. A total of 0.91 million shares were traded on the day, compared to an average of 1.56M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, IRNT has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 9,741 shares. Over the last 12 months, there were 10 BUYs and 31 SELLs from insiders. Insiders purchased 5,348,218 shares during that period but sold 2,119,065.

In the most recent transaction, Closser Donald sold 9,741 shares of IRNT for 0.68 per share on Nov 03. After the transaction, the Chief Product Officer now owns 920,431 company shares. In a previous transaction on Oct 06, Closser Donald sold 9,220 shares at 0.62 per share. IRNT shares that Chief Product Officer owns now total 930,172.

Among the insiders who sold shares, Closser Donald disposed of 9,289 shares on Sep 02 at a per-share price of $1.92. This resulted in the Chief Product Officer holding 939,392 shares of IRNT after the transaction. In another insider transaction, Welch William E sold 41,859 shares at $1.92 per share on Sep 02. Company shares held by the Co-CEO & Director now total 7,152,573.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for IRNT in the last 3 months, the mean price target is $0.15 with high estimates of $0.15 and low estimates of $0.15. In terms of 52-week highs and lows, IRNT has a high of $7.12 and a low of $0.19.

As of this writing, IRNT has an earnings estimate of -$0.16 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.16 per share and a lower estimate of -$0.17. The company reported an EPS of -$0.22 in the last quarter, which was -29.40% lower than expectations of -$0.17.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 1 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IRNT is Buy with a score of 1.50. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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