eGain Corporation (NASDAQ:EGAN) traded at $10.95 at last check on Friday, Nov 20, making a downturn move of -1.35% on its previous day’s price.
Looking at the stock we see that its previous close was $11.1 and the beta (5Y monthly) reads 0.5 with the day’s price range being $10.85 – 11.23. The company has a 12-month trailing PE ratio of 43.8. In terms of its 52-week price range, EGAN has a high of $20.88 and a low of $4.8. The company’s stock has gained about -40.13% over that past 30 days.
eGain has a market cap of $349.52 Million and is expected to release its quarterly earnings report on November 10, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the EGAN stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.01, with the EPS growth for the year declined at $0.12 for 2020 and $0.16 for next year. These figures represent -0.59% and at 0.33% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $18.45 Million, with a low of $18.35 Million and a high of $18.54 Million. The median projection represents growth adding up to 5.2% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $76.49 Million, or +5.2% up from figures reported last year.
On the other hand, looking at the outlook for the EGAN stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 7 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the eGain Corporation (EGAN) stock as a Hold, while 7 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the EGAN stock currently stands at 4.38, and the current price level is -27.88% off its SMA20 and -29.05% from its 50-day simple moving average. The RSI (14) is pointing at 32.52 while the volatility over the past week is 5.22% and jumps to 6.58% over the past one month. The beta value is 0.5, while the average true range (ATR) is currently pointing at 1.21. The average price target for the stock over the next 12 months is $16.71, with the estimates having a low of $15 and a high of $21. These price ends are 36.99% and +91.78% off the current price level respectively, although investors could be excited at the prospect of a +46.12% if the EGAN share price touches on the median price of $16.
Let’s briefly compare eGain (EGAN) stock to its peers. We find that today’s price change of -1.35% and +42.21% over the past 12 months for EGAN competes that of Paypal Holdings (PYPL), which has seen its stock price rise 0.93% in the latest trading session and is +87.88% over the last one year. Another of its peers Zoom Video Communications Cl A (ZM) has climbed 6.11% today, and is +528.72% up over the past year, while Square (SQ) is also down -1.35% yet its price remains in the green at 42.21% over the same period. Paypal has a P/E ratio of 72.76 compared to eGain’s 43.8 and Zoom’s 561.43. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to eGain Corporation (NASDAQ:EGAN), we note that the average 3-month trading volume was 412.94 Million, while that of the preceding 10-day period stands at 1.09 Million. Current shares outstanding are 30.93 Million.
According to data from Thomson Reuters, insiders hold 39.54% of the company’s shares while institutions hold 53.33%. The data shows that short shares as of October 29, 2020, stood at 442.39 Million at a short ratio of 1.25. This represents a 1.43% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 447.46 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +38.26% up in year-to-date price movement.