While Ingram Micro Holding Corp has overperformed by 2.11%, investors are advised to look at stock chart patterns for technical insight.
On November 26, 2024, Melius started tracking Ingram Micro Holding Corp (NYSE: INGM) recommending Hold. A report published by JP Morgan on November 20, 2024, Initiated its previous ‘Neutral’ rating for INGM. Stifel Initiated an Buy rating on November 18, 2024, and assigned a price target of $28. Redburn Atlantic initiated its ‘Buy’ rating for INGM, as published in its report on November 18, 2024. RBC Capital Mkts’s report from November 18, 2024 suggests a price prediction of $26 for INGM shares, giving the stock a ‘Outperform’ rating. Raymond James also rated the stock as ‘Outperform’.
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Analysis of Ingram Micro Holding Corp (INGM)
Further, the quarter-over-quarter decrease in sales is -1.36%, showing a negative trend in the upcoming months.
One of the most important indicators of Ingram Micro Holding Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 9.28% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.96, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and INGM is recording 503.58K average volume. On a monthly basis, the volatility of the stock is set at 4.61%, whereas on a weekly basis, it is put at 4.50%, with a loss of -3.08% over the past seven days. Furthermore, long-term investors anticipate a median target price of $27.86, showing growth from the present price of $19.80, which can serve as yet another indication of whether INGM is worth investing in or should be passed over.
How Do You Analyze Ingram Micro Holding Corp Shares?
The Information Technology Services market is dominated by Ingram Micro Holding Corp (INGM) based in the USA. When comparing Ingram Micro Holding Corp shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 14.64, there is a growth in quarterly earnings of -11.31%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 90.90%. This can enable you to see the extent to which executives own the company’s stock.
