Key Points
- Insider buying: ITM Power insider John Howarth purchased 23,072 shares at GBX 87 each, worth approximately £20,073.
- Financial performance remains weak: The company reported quarterly EPS of negative GBX 4, with a negative net margin of 57.26% and analysts expecting full-year EPS of negative GBX 8.92.
- Analyst outlook is mixed: Ratings include two Buys and three Holds, while recent price targets range from GBX 80 to GBX 200; MarketBeat lists a consensus rating of “Hold.”
ITM Power Plc (LON:ITM - Get Free Report) insider John Howarth acquired 23,072 shares of the company's stock in a transaction that occurred on Tuesday, October 20th. The stock was purchased at an average cost of GBX 87 per share, with a total value of £20,072.64.
ITM Power Stock Performance
LON ITM opened at GBX 86.55 on Thursday. The business has a 50 day moving average price of GBX 100.59 and a 200 day moving average price of GBX 118.81. The company has a market capitalization of £597.37 million, a P/E ratio of -17.31 and a beta of 2.82. ITM Power Plc has a 1-year low of GBX 57.90 and a 1-year high of GBX 219.80. The company has a debt-to-equity ratio of 5.87, a current ratio of 2.73 and a quick ratio of 7.56.
ITM Power (LON:ITM - Get Free Report) last posted its earnings results on Monday, October 19th. The company reported GBX (4) EPS for the quarter. ITM Power had a negative return on equity of 11.09% and a negative net margin of 57.26%. Sell-side analysts expect that ITM Power Plc will post -8.92 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on ITM. Peel Hunt restated a "hold" rating and issued a GBX 92 price target on shares of ITM Power in a research report on Thursday, October 8th. Berenberg Bank reiterated a "buy" rating and issued a GBX 200 price objective on shares of ITM Power in a research report on Monday, October 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ITM Power from GBX 60 to GBX 80 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, ITM Power presently has a consensus rating of "Hold" and a consensus target price of GBX 4,086.40.
Read Our Latest Report on ITM
About ITM Power
(
Get Free Report)
ITM Power designs and manufactures industrial-scale electrolysers for green hydrogen production. Its proprietary PEM technology, vertically integrated manufacturing, and in-house engineering capabilities enable it to supply standardised, high-performance hydrogen plants.
With a proven track record in large-scale projects, ITM Power helps leading industrial and energy companies achieve their decarbonisation goals. In addition to its equipment offering, the company provides reliable and cost-competitive hydrogen supply through its build, own and operate (BOO) model, Hydropulse.
Headquartered in the UK, ITM Power is listed on the London Stock Exchange AIM (LSE: ITM) and holds the Green Economy Mark, which recognises companies that generate over 50% of their revenues from green products and services.
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