iFresh stock: buy or sell?
November 15th, 2019
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?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with iFresh stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is iFresh stock a buy?
Banks and financial institutions post stock ratings everyday.Unfortunately, we couldn't find any rating for IFMK stock for the last month.
iFresh stock analysis
IFresh dropped a godawful -2.63% and closed at $0.37.
IFresh dropped a godawful -2.63% and closed at $0.37. Since price and SMA200d lines crossed down on Nov 4th, IFMK fell $-1.38 per share (-78.86%). Since July when SMA100d and SMA200d crossed up, IFMK price slipped $-1.52 per share (-80.42%). IFMK marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $0.90 would break this short term down trend and open possibilities for reversing this situation.
IFresh shares plunged -13.95% this week, ending at $0.37.
IFresh is sliding further to find new supports after falling under the support. Since price and 40-weeks moving average lines crossed down last week, IFMK fell $-1.38 per share (-78.86%). Stocks below the 40-weeks moving average line are usually not recommended for average traders. Since SMA20w and SMA40w crossed up by mid July, IFMK price slid a -75.50%.
iFresh stock price history
iFresh stock went public on January 11th, 2017 with a price of $12.671. Since then, IFMK stock declined a -97.10%, with a yearly average of -48.60%.
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 targetHow 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. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price forecast for iFresh stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareSince February, when iFresh posted its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a nice gain of 4.44% to $136.69 million dollars. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) declined a -1.49% to -0.58%. To have an up to date 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 earnings were $-7.97 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem iFresh business evolution since March 2018: Annual sales up to December, compared to lastest yearly report, eased a fateful -6.62%. Regarding profit margin, iFresh slipped -5.66% to -0.58%
|2015||$128 M||-||$0.77 M0.6%||-|
|2017||$131 M||2.32%||$1.20 M0.9%||55.42%|
|2018||$137 M||4.44%||$-0.79 M-0.6%||-166.12%|
|TTM||$128 M||-6.62%||$-7.97 M-6.2%||906.78%|
Quarterly financial resultsIFresh posted $31.30 million in sales for 2018-Q4, a 3.37% up compared to previous quarter. Reported quarter earnings marked $-1.80 million 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 turnover to same quarter last year, iFresh sales marked a chilling slide and plunged a -12.71%.
|2017-Q1||$34 M||-||$0.51 M1.5%||-|
|2017-Q2||$33 M||-3.70%||$-0.27 M-0.8%||-152.65%|
|2017-Q3||$33 M||2.49%||$0.03 M0.1%||-109.40%|
|2017-Q4||$36 M||7.57%||$-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||$31 M||3.37%||$-1.80 M-5.8%||-56.73%|
iFresh ownershipWhen you are planning to buy shares of a company, it's worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For iFresh, 65.49% of all outstanding shares are owned by its staff.
In case of iFresh stock, 0.89% 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 next table shows ownership data compared to other related stocks:
|Market cap||$6.8 M|
|Total shares||18.4 M|
|Float shares||8.5 M|
|- Institutional holdings (%)||0.9%|
|- Insider holdings (%)||65.5%|
|Shares in short selling||0.0%|
|Friday, November 15th, 2019|
|Day range||$0.35 - $0.42|
|Average true range||$0.21|
|50d mov avg||$1.56|
|100d mov avg||$1.69|
|200d mov avg||$1.41|
iFresh performanceTo better understand iFresh performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare iFresh to :