Recent Performance of Instructure Holdings Inc (INST) Stock: A Closer Look

Instructure Holdings Inc [INST] stock is trading at $23.51, saw in change for the day. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The INST shares have gain 0.34% over the last week, with a monthly amount glided 0.94%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Instructure Holdings Inc [NYSE: INST] stock has seen the most recent analyst activity on January 05, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $30 from $25. Previously, Needham started tracking the stock with Buy rating on July 12, 2023, and set its price target to $32. On July 06, 2023, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $32 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $30 on September 01, 2022. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $31 on December 09, 2021. Berenberg started tracking with a Buy rating for this stock on November 19, 2021, and assigned it a price target of $30. In a note dated August 17, 2021, Macquarie initiated an Outperform rating and provided a target price of $26 on this stock.

Instructure Holdings Inc [INST] stock has fluctuated between $18.98 and $28.25 over the past year. Currently, Wall Street analysts expect the stock to reach $28.74 within the next 12 months. Instructure Holdings Inc [NYSE: INST] shares were valued at $23.51 at the most recent close of the market. An investor can expect a potential return of 22.25% based on the average INST price forecast.

Analyzing the INST fundamentals

Instructure Holdings Inc [NYSE:INST] reported sales of 596.20M for the trailing twelve months, which represents a growth of 30.04%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.05 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.96.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.47 points at the first support level, and at 23.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.54, and for the 2nd resistance point, it is at 23.58.

Ratios To Look Out For

For context, Instructure Holdings Inc’s Current Ratio is 0.89. Also, the Quick Ratio is 0.89, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 5.78, the price to book ratio is 2.71.

Transactions by insiders

Recent insider trading involved Kaminer Matthew, Chief Legal Officer, that happened on Dec 14 ’23 when 3250.0 shares were sold. Chief Strategy Officer, BENSON MICHAEL LEE JR. completed a deal on Dec 06 ’23 to sell 20000.0 shares. Meanwhile, Director AKOPIANTZ ERIK sold 5748.0 shares on Nov 16 ’23.

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