iMedia Brands (IMBI) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for iMedia Brands in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IMBI shares.
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4 equities research analysts have issued 1-year price targets for iMedia Brands' stock. Their IMBI share price forecasts range from $1.00 to $2.00. On average, they anticipate the company's stock price to reach $1.50 in the next twelve months. This suggests a possible upside of 731.0% from the stock's current price.
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iMedia Brands' stock was trading at $0.64 at the beginning of 2023. Since then, IMBI stock has decreased by 71.8% and is now trading at $0.1805.
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iMedia Brands saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 518,000 shares, an increase of 93.5% from the April 30th total of 267,700 shares. Based on an average trading volume of 520,500 shares, the days-to-cover ratio is presently 1.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023.
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iMedia Brands, Inc. (NASDAQ:IMBI) posted its quarterly earnings results on Wednesday, November, 17th. The company reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates of ($0.50) by $0.27. The business earned $130.68 million during the quarter, compared to the consensus estimate of $128.51 million. iMedia Brands had a negative trailing twelve-month return on equity of 136.73% and a negative net margin of 12.57%. During the same period last year, the business earned ($0.39) earnings per share.

iMedia Brands updated its first quarter earnings guidance on Friday, April, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $105.00 million-$105.00 million, compared to the consensus revenue estimate of $156.08 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other iMedia Brands investors own include OPKO Health (OPK), Advanced Micro Devices (AMD), Blink Charging (BLNK), Camping World (CWH), FlexShopper (FPAY), Main Street Capital (MAIN), NVIDIA (NVDA), Overstock.com (OSTK), Target (TGT) and Avadel Pharmaceuticals (AVDL).

iMedia Brands trades on the NASDAQ under the ticker symbol "IMBI."

iMedia Brands' stock is owned by a number of retail and institutional investors. Top institutional investors include Royce & Associates LP (5.73%) and Royce & Associates LP (5.73%). Insiders that own company stock include Eyal Lalo, Landel C Hobbs and Tim Peterman.
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Shares of IMBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IMBI stock can currently be purchased for approximately $0.18.

iMedia Brands (NASDAQ:IMBI) has a market capitalization of $5.22 million and generates $544.55 million in revenue each year. The company earns $-70,040,000.00 in net income (profit) each year or ($2.51) on an earnings per share basis.

The company employs 1,096 workers across the globe.

iMedia Brands' mailing address is 6740 SHADY OAK ROAD, EDEN PRAIRIE MN, 55344. The official website for the company is www.imediabrands.com. The company can be reached via phone at (952) 943-6000, via email at mporter@imediabrands.com, or via fax at 952-947-0188.