Is IGNY stock a buy?
What Is The Conclusion?
Right now our advanced algorithms say:
Do the analyst corps agree?
Interesting Questions and Easy Answers!
We cannot find any recorded dividends paid in our systems.
Sorry, we do not have any analyst data for this ticker
We cannot find data for Ignyte Acquisition Corp. 10 years ago, but if you had invested on Monday 15th of March 2021 when the price was $9.68, you would have made a profit of $3.37 per share or 34.81%
No, the average daily trading liquidity for Ignyte Acquisition Corp. is $238 077 thousand. Trading in stocks with this little trading liquidity is very dangerous, and you can get into a situation where it will be hard to trade your stocks. In addition, these types of stocks usually have very high volatility.
Ignyte Acquisition Corp. has much of the business financed by loans. This puts the company at high risk in periods of high inflation where borrowing costs usually go up. The company is still not profitable, and high inflation will make it harder to become profitable as costs increase and consumer spending decreases.
We have calculated the inflation risk for Ignyte Acquisition Corp. to be high [1 out of 1]