iFresh stock: buy or sell?

IFMK stock price: $1.17 -4.88% At close on May 14th, 2020

Updated on:
May 14th, 2020

0

IFresh closed today at $1.17 and plunged a chilling -4.88%.

iFresh Inc. operates a network of grocery supermarket chains in the north-eastern United States. The company's chains provide vegetables, seafood, fruits, meat, snacks, seasonings, and other products.

Should I buy iFresh stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, iFresh stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean IFMK will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is iFresh stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for IFMK stock for the last month.

iFresh stock analysis

Daily outlook

IFresh shares plunged -4.88% to $1.17 today.

IFresh plunged a chilling -4.88% and closed at $1.17. Since price and SMA200d lines crossed up on March, IFMK climbed $0.04 (3.54%). IFMK marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $1.38 would break this short term down trend and open possibilities for reversing this situation.

IFMK stock chart (daily)

Weekly outlook

IFresh shares dropped -4.10% this week, ending at $1.17. Late April IFMK plunged a chilling -5.79% in just one week.

Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $2.83 resistance. Since price and SMA40w lines crossed up by mid March, IFMK climbed $0.02 (1.74%).

IFMK stock chart (weekly)

iFresh stock price history

iFresh IPO was on January 11th, 2017 at $12.67 per share1. Since then, IFMK stock declined a -90.80%, with a yearly average of -30.30%.

1: Adjusted price after possible price splits or reverse-splits.

iFresh stock historical price chart

IFMK stock reached 52-week highs on August at $3.05, and all-time highs 2017-02-21 with a price of 28.88.

iFresh stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not found any price forecast for iFresh stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report , iFresh . Unfortunately, reported EPS is not yet available in our database.
IFMK earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.04n/a
2017-Q2-n/a-0.02n/a
2017-Q3-n/an/an/a
2017-Q4-n/a-0.02n/a
2018-Q12018-07-05n/a-0.02n/a
2018-Q22018-08-14n/a-0.13n/a
2018-Q32018-11-14n/a-0.28n/a
2018-Q42019-02-14n/a-0.11n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, iFresh annual sales stepped up a decent 4.44% to $136.69 million dollars from $130.88 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) declined a -1.49% to -0.58%.

To have an updated view of the financial situation of iFresh, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2018-Q4 that can be compared to 2018 fiscal year results. Annual iFresh TTM sales up to December 2018 were $127.63 and income was $-7.97 million dollars. When comparing this TTM figures with the last reported annuality, we can review iFresh business evolution since March 2018: Annual sales up to December, compared to lastest yearly report, fell a tragic -6.62%. Similarly, profit margin (net income/sales) slipped at -0.58%.

IFMK annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2015$128 M-$0.77 M0.6%-
2017$131 M2.32%$1.20 M0.9%55.42%
2018$137 M4.44%$-0.79 M-0.6%-166.12%
TTM $128 M-6.62%$-7.97 M-6.2%906.78%

Quarterly financial results

IFresh posted $31.30 million in sales for 2018-Q4, a 3.37% up compared to previous quarter. Reported quarter income marked $-1.80 million with a profit margin of -5.76%. Profit margin escalated a 8.00% compared to previous quarter when profit margin was -13.75%. When comparing sales to same quarter last year, iFresh sales marked a dreadful drop down and collapsed a -12.71%.
IFMK quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$34 M-$0.51 M1.5%-
2017-Q2$33 M-3.70%$-0.27 M-0.8%-152.65%
2017-Q3$33 M2.49%$0.03 M0.1%-109.40%
2017-Q4$36 M7.57%$-0.28 M-0.8%-1,213.78%
2018-Q1$35 M-2.53%$-0.12 M-0.3%-56.51%
2018-Q2$31 M-11.07%$-1.88 M-6.0%1,435.50%
2018-Q3$30 M-2.58%$-4.17 M-13.8%121.96%
2018-Q4$31 M3.37%$-1.80 M-5.8%-56.73%

iFresh ownership

Having a look at iFresh ownership structure gives valuable information about the company and its governance (insider ownership) or the amount of investors that are on the short side.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For iFresh, 44.26% of all outstanding shares are owned by its staff.

In case of iFresh stock, 0.79% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for IFMK stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related stocks:

IFMK
Market cap$28.1 M
Total shares24.0 M
Float shares9.4 M
  - Institutional holdings (%)0.8%
  - Insider holdings (%)44.3%
Shares in short selling0.0%

iFresh summary

Thursday, May 14th, 2020
Open$1.23
Close$1.17
Day range$1.16 - $1.24
Previous close$1.23
Session gain-4.88%
Average true range$0.08
50d mov avg$1.25
100d mov avg$0.85
200d mov avg$1.13
Daily patternlb06a
Weekly pattern lb02a

iFresh performance

To measure stock performance is always good to benchmark with competitors or related stocks. We chose as the bechmarking frame for iFresh stock.
Stock3m6m12m
IFMKiFresh178.57%216.22%14.71%

iFresh competitors

Unfortunately, we could not find any public company that could be defined as iFresh competitor. This doesn't mean iFresh does not have any competitor in the market, it's just we could not detected it.