Intelligent Protection Management (NASDAQ:IPM) Shares Up 2.6% – Should You Buy?

Shares of Intelligent Protection Management Corp. (NASDAQ:IPM) traded up 2.6% during mid-day trading on Tuesday . The company traded as high as $1.9926 and last traded at $1.94. 21,742 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 23,299 shares. The stock had previously closed at $1.89.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intelligent Protection Management in a research note on Monday, December 1st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Intelligent Protection Management Stock Performance

The company has a market cap of $17.63 million, a P/E ratio of -19.40 and a beta of 0.32. The stock has a 50 day moving average price of $1.95 and a 200 day moving average price of $1.98.

Intelligent Protection Management (NASDAQ:IPM) last announced its earnings results on Wednesday, November 12th. The company reported ($0.08) earnings per share for the quarter. Intelligent Protection Management had a negative net margin of 38.38% and a negative return on equity of 15.29%. The firm had revenue of $6.24 million for the quarter.

Institutional Trading of Intelligent Protection Management

A hedge fund recently bought a new stake in Intelligent Protection Management stock. Virtu Financial LLC bought a new stake in shares of Intelligent Protection Management Corp. (NASDAQ:IPM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,604 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.23% of Intelligent Protection Management at the end of the most recent reporting period. 3.88% of the stock is currently owned by institutional investors and hedge funds.

Intelligent Protection Management Company Profile

Intelligent Protection Management Corp. engages in the development of communications software to enhance security and privacy solutions for multimedia communication and data transmission. Its solutions include blockchain strategy consulting, blockchain implementation, white label video solutions, and technology licensing.