iFresh stock: buy or sell?
January 17th, 2020
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.
|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?
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
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.
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.
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 targetPredicting 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 ShareSince February, when iFresh presented 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 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%.
|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 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%.
|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 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:
|Market cap||$10.5 M|
|Total shares||18.4 M|
|Float shares||8.5 M|
|- Institutional holdings (%)||1.2%|
|- Insider holdings (%)||53.5%|
|Shares in short selling||0.0%|
|Friday, January 17th, 2020|
|Day range||$0.56 - $0.67|
|Average true range||$0.08|
|50d mov avg||$0.42|
|100d mov avg||$1.10|
|200d mov avg||$1.25|
iFresh performanceTo 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 .