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i3 Verticals Reports First Quarter 2024 Financial Results
Business Wire (Thu, 8-Feb 4:05 PM ET)
i3 Verticals Announces Earnings Release and Conference Call Dates for First Quarter of Fiscal 2024
Business Wire (Thu, 25-Jan 11:00 AM ET)
i3 Verticals Inc offers integrated payment and software solutions to small and medium-sized businesses and organizations in strategic vertical markets. Its operating segment includes Merchant Services and Software and Services. The company generates maximum revenue from the Software and Services segment. The company's strategic vertical market includes schools, the public sector, not-for-profit organizations, healthcare and others. It provides various solutions such as, gateway, payment processing, online payment, Document management, and ERP among others.
I3 Verticals trades on the NASDAQ stock market under the symbol IIIV.
As of April 24, 2024, IIIV stock price declined to $23.33 with 139,449 million shares trading.
IIIV has a beta of 1.42, meaning it tends to be more sensitive to market movements. IIIV has a correlation of 0.26 to the broad based SPY ETF.
IIIV has a market cap of $542.95 million. This is considered a Small Cap stock.
Last quarter I3 Verticals reported $92 million in Revenue and $.36 earnings per share. This fell short of revenue expectation by $-1 million and met earnings estimates .
In the last 3 years, IIIV stock traded as high as $34.51 and as low as $17.54.
The top ETF exchange traded funds that IIIV belongs to (by Net Assets): VTI, IWM, VXF, IWO, VTWO.
IIIV stock has underperformed the market in the last year with a return of -6.5%, while SPY returned +23.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IIIV shares. However, IIIV has outperformed the market in the last 3 month and 2 week periods, returning +16.1% and -0.5%, while SPY returned +4.1% and -3.1%, respectively. This indicates IIIV has been having a stronger performance recently.
IIIV support price is $22.95 and resistance is $23.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IIIV stock will trade within this expected range on the day.