iFresh stock: buy or sell?

IFMK stock price: $0.57 -6.56% At close on January 17th, 2020

Updated on:
January 17th, 2020

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After boosting a dazzling 11.48% yesterday, iFresh closed today at $0.57 and collapsed a chilling -6.56%.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading strategy that matches with your character as inversor. At Stocks2.com, we like to 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 slide 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 published 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

After boosting a dazzling 11.48% yesterday, iFresh closed today at $0.57 and collapsed a chilling -6.56%.

After boosting a dazzling 11.48% yesterday, iFresh closed today at $0.57 and collapsed a chilling -6.56%. Since price and SMA200d lines crossed down on November, IFMK fell $-1.18 per share (-67.43%). From a daily perspective, IFMK is in a short term uptrend after plotting its last bottom ($0.41, on Jan 9th) higher than the previous bottom, and its last top ($0.77, on Monday) also over the previous top. Now trading in between its last bottom and last top IFMK might consolidate in a plain range, waiting to break out over $0.77 or down under $0.41.

IFMK stock chart (daily)

Weekly outlook

Shares of iFresh ended this week at $0.57 and climbed an outstanding 23.91%. Late November 2019 IFMK plunged a dreadful -10.81% in just one week. Counting this, it's been 3 climbing weeks in a row, soaring a 48.72%.

IFresh stock just marked a top under its last top. Athought it's not a big concern right now, investors in IFMK should be alerted as this could be a warning for future complications. It's important IFMK stock price keeps the level, and maybe bounce up from there forming a double bottom shape. Since price and 40-weeks moving average lines crossed down early November, IFMK fell $-1.18 per share (-67.43%). Stocks under the 40-weeks moving average line are usually not recommended for average traders.

IFMK stock chart (weekly)

iFresh stock price history

iFresh stock went public on January 11th, 2017 with a price of $12.671. Since then, IFMK stock declined a -95.50%, with a yearly average of -31.80%.

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

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' IFMK stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not found any price forecast for iFresh stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since February, when iFresh presented its last earnings report, it . 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

Compared to 2017, last anual revenues report draw a good growth of 4.44% to $136.69 M USD. Nevertheless, its income margin (compared to revenues) declined to -0.58%, that is $-0.79 million.

IFresh presents anual results in March, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, iFresh TTM sales up to December 2018 were $127.63 and income $-7.97 million dollars. If we compare this TTM figures with the last reported annuality, we can esteem iFresh business evolution since March 2018: Annual revenues up to December, compared to lastest yearly report, eased an awful -6.62%. In line, 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 M in revenues for 2018-Q4, a 3.37% improvement compared to previous quarter. Reported quarter income marked $-1.80 M with a profit margin of -5.76%. Profit margin rose a 8.00% compared to previous quarter when profit margin was -13.75%. When comparing revenues to same quarter last year, iFresh sales marked a scary correction and plunged 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

When you are planning to invest in shares of a company, it's worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For iFresh, 53.55% of all outstanding shares are owned by its staff.

In case of iFresh stock, 1.21% 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 understanding, the next table shows ownership data compared to other related companies:

IFMK
Market cap$10.5 M
Total shares18.4 M
Float shares8.5 M
  - Institutional holdings (%)1.2%
  - Insider holdings (%)53.5%
Shares in short selling0.0%

iFresh summary

Friday, January 17th, 2020
Open$0.63
Close$0.57
Day range$0.56 - $0.67
Previous close$0.61
Session gain-6.56%
Average true range$0.08
50d mov avg$0.42
100d mov avg$1.10
200d mov avg$1.25
Daily patternlt06a
Weekly pattern lt01a

iFresh performance

To better understand iFresh performance you must becnhmark its gains with other related stocks in same sector or industry. For iFresh, the benchmark is made against .
Stock3m6m12m
IFMKiFresh-68.51%-68.85%-47.71%

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.