iFresh stock: buy or sell?

IFMK stock price: $0.37 -2.63% At close on November 15th, 2019

Updated on:
November 15th, 2019

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IFresh dropped a godawful -2.63% and closed at $0.37. On Wednesday IFMK collapsed a hair-raising -13.16%. On Monday IFMK boosted an outstanding 6.52%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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

Daily outlook

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.

IFMK stock chart (daily)

Weekly outlook

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%.

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 -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 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. 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 Share

Since February, when iFresh posted 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 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%

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 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%.
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 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:

IFMK
Market cap$6.8 M
Total shares18.4 M
Float shares8.5 M
  - Institutional holdings (%)0.9%
  - Insider holdings (%)65.5%
Shares in short selling0.0%

iFresh summary

Friday, November 15th, 2019
Open$0.38
Close$0.37
Day range$0.35 - $0.42
Previous close$0.38
Session gain-2.63%
Average true range$0.21
50d mov avg$1.56
100d mov avg$1.69
200d mov avg$1.41
Daily patternlb06a
Weekly pattern lt01c

iFresh performance

To 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 :
Stock3m6m12m
IFMKiFresh-83.84%-63.73%-68.38%

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.