iHuman Inc. (IH) shares are trading at higher $22.44.
To add more color to this target, the company’s high over the last year is $16.29 and the low is $12.12 while the S&P 500 is up 18.95%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
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IH has seen increased volume after this news and investors are putting their support behind the value proposition. Investors should also keep an eye on sector updates as IH has historically followed its peers on positive news.
All told, iHuman Inc. IH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, IH represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
IH is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of IH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in IH, either long or short, and we have not been compensated for this article.