Somewhat Positive News Coverage Somewhat Unlikely to Affect iPass (IPAS) Stock Price
Media stories about iPass (NASDAQ:IPAS) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. iPass earned a news impact score of 0.11 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.3214928059462 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Keep iPass Inc. (IPAS) stock under observation – Wall Street Morning (wallstreetmorning.com)
- Comprehensive Stock Analysis: iPass Inc (NASDAQ: IPAS) – Alpha Beta Stock (alphabetastock.com)
- Tech Data Partners with iPass to Deliver Unlimited Wi-Fi on any Mobile Device – GlobeNewswire (press release) (globenewswire.com)
- ETFs with exposure to iPass, Inc. : October 27, 2017 (finance.yahoo.com)
- Global WI-FI as a service market forecast 2017-2022 just published (whatech.com)
iPass (NASDAQ:IPAS) traded down 4.960% during midday trading on Wednesday, hitting $0.594. The stock had a trading volume of 143,632 shares. iPass has a 1-year low of $0.51 and a 1-year high of $1.83. The company’s market cap is $39.61 million. The company’s 50 day moving average is $0.65 and its 200 day moving average is $1.00.
iPass (NASDAQ:IPAS) last announced its earnings results on Wednesday, August 2nd. The technology company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.05). The business had revenue of $13.47 million for the quarter. iPass had a negative return on equity of 78.31% and a negative net margin of 20.49%. On average, equities analysts anticipate that iPass will post ($0.24) earnings per share for the current fiscal year.
Several brokerages recently issued reports on IPAS. Zacks Investment Research upgraded iPass from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. ValuEngine lowered iPass from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Maxim Group set a $2.00 price target on iPass and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Aegis lowered their price target on iPass from $2.75 to $1.40 and set a “buy” rating on the stock in a research note on Wednesday, September 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. iPass currently has a consensus rating of “Hold” and an average price target of $2.28.
In other iPass news, CEO Gary A. Griffiths bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average cost of $0.56 per share, for a total transaction of $56,000.00. Following the completion of the transaction, the chief executive officer now owns 1,022,500 shares of the company’s stock, valued at approximately $572,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.70% of the company’s stock.
iPass Company Profile
iPass Inc (iPass), is a provider of global mobile connectivity, offering wireless fidelity (Wi-Fi) on mobile devices. The Company, through its Mobile Connectivity Services segment, offers a cloud-based solution allowing its customers and their users’ access to its global Wi-Fi network to stay connected to the people and information.
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