IMKTA Stock Summary and Trading Ideas (Ingles Markets - Class A | NASDAQ:IMKTA)

Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.

Ingles Markets - Class A trades on the NASDAQ stock market under the symbol IMKTA.

As of December 13, 2024, IMKTA stock price declined to $69.20 with 104,152 million shares trading.

IMKTA has a beta of 0.20, meaning it tends to be less sensitive to market movements. IMKTA has a correlation of 0.01 to the broad based SPY ETF.

IMKTA has a market cap of $1.31 billion. This is considered a Small Cap stock.

In the last 3 years, IMKTA traded as high as $102.99 and as low as $59.73.

The top ETF exchange traded funds that IMKTA belongs to (by Net Assets): IWM, VTI, AVUV, FNDA, VXF.

IMKTA has underperformed the market in the last year with a price return of -18.6% while the SPY ETF gained +29.9%. IMKTA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.5% and -6.4%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

IMKTA support price is $68.94 and resistance is $71.80 (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 IMKTA shares will trade within this expected range on the day.