Investment
Features
FeesSafety
Academy
More
Pluang+

ITG shares drop two-thirds post-IPO despite strong sales and profit growth, now valued below 7x EBITDA.

Market News
03 Oct 2026
Seeking Alpha
View Source
Bullish
ITG shares drop two-thirds post-IPO despite strong sales and profit growth, now valued below 7x EBITDA.

ITG, Inc. shares have fallen by about two-thirds since their IPO in early July, despite reporting 38% sales growth and improved operating margins in Q2, with operating profit reaching 5% of sales. The company's valuation has dropped to below 7 times EBITDA, which appears undervalued given its growth and backlog momentum. The article's author has taken a speculative long position, viewing the sell-off as an overreaction but advises caution on aggressive buying. This situation highlights a potential opportunity amid market overreaction to ITG's IPO performance.

ITG Inc. shares and their recent performance are noted here with Pluang's Financials-sector data as of Oct 03, 2026 18:01 WIB. Among 85 priced Financials-sector US stocks tradable on Pluang, 43 rose and 42 fell today. Notable movers include COIN at USD 183.00 with a 1-day change of -3.32% and a typical hold time of 78 days, AVAT at USD 1.85 up 2.78% with 97% sell order activity, and ACT at USD 45.26 up 2.51% with 82% buy order activity.

More News

Bitcoin dips 1.7% amid weak U.S. jobs data but stays 9% higher monthly, $87K remains key resistance.

Bitcoin dips 1.7% amid weak U.S. jobs data but stays 9% higher monthly, $87K remains key resistance.

Bitcoin fell about 1.7% in 24 hours but is still up roughly 9% over the past month, with trading volume rising sharply. The recent pullback follows weak U.S. payroll data showing only 29,000 new jobs in September, signaling a softer labor market afte...

Market News
Bullish
4 hours ago
Charter Communications shifts focus from buybacks to debt reduction after Cox deal, limiting share repurchases.

Charter Communications shifts focus from buybacks to debt reduction after Cox deal, limiting share repurchases.

Charter Communications is changing its financial strategy by prioritizing debt reduction over aggressive share buybacks following its acquisition of Cox. The company now carries about $110 billion in debt and aims to reduce this by $14.8 billion to $...

Market News
Bearish
4 hours ago
Altcoins XRP, Cardano, and Solana gain momentum as market shifts from Bitcoin dominance to broader altcoin rotation.

Altcoins XRP, Cardano, and Solana gain momentum as market shifts from Bitcoin dominance to broader altcoin rotation.

The cryptocurrency market is transitioning from a Bitcoin-led phase to a broader altcoin rotation, with XRP, Cardano (ADA), and Solana (SOL) at the forefront. Key metrics like the Altcoin Season Index rising to 61, increased altcoin spot volume, and ...

Technical Signals
Bullish
4 hours ago
Hyperliquid buys 1.9M HYPE tokens, boosting holdings to $3.26B in value

Hyperliquid buys 1.9M HYPE tokens, boosting holdings to $3.26B in value

Hyperliquid Strategies recently purchased 1.9 million Hyperliquid (HYPE) tokens worth $167.2 million, increasing its total holdings to about 37 million HYPE tokens valued at $3.2618 billion. The Nasdaq-listed company also holds $292.6 million in cash...

Market News
Bullish
4 hours ago
Ripple's Swell 2026 unites top finance firms to discuss tokenized assets and stablecoins.

Ripple's Swell 2026 unites top finance firms to discuss tokenized assets and stablecoins.

Ripple's Swell 2026 event in New York will gather around 1,500 participants, including senior executives from major financial institutions like BNY Mellon, Intercontinental Exchange, TD Securities, and Robinhood. The event combines Swell, the XRP Led...

Market News
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App