EPAM Systems Inc (NYSE:EPAM) price on current trading day, rose 4.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $250.78.
A look at the stock’s price movement, the level at last check in today’s session was $240.37, moving within a range at $243.765 and $252.4. The beta value (5-Year monthly) was 1.457 while the PE ratio in trailing twelve months stood at 32.57. Turning to its 52-week performance, $317.50 and $169.43 were the 52-week high and 52-week low respectively. Overall, EPAM moved 23.73% over the past month.
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EPAM Systems Inc’s market cap currently stands at around $14.22 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EPAM is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
14 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 9 recommend EPAM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 3.71, with EPAM’s current price about 3.58% and 16.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.48, while 7-day volatility ratio is 1.72% and 2.76% in the 30-day chart. Further, EPAM Systems Inc (EPAM) has a beta value of 1.50, and an average true range (ATR) of 6.65. Analysts have given the company’s stock an average 52-week price target of $231, forecast between a low of $204 and high of $282. Looking at the price targets, the low is 18.65% off recent price level in today’s trading while to achieve the yearly target high, it has to move -12.45%. Nonetheless, investors will most likely welcome a 7.89% jump to $231 which is the analysts’ median price.
If we refocus on EPAM Systems Inc (NYSE:EPAM), historical trading data shows that trading volumes averaged 0.65 over the past 10 days and 637.76K over the past 3 months. The company’s latest data on shares outstanding shows there are 56.71 million shares.
The 3.39% of EPAM Systems Inc’s shares are in the hands of company insiders while institutional holders own 92.42% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.69 million on 2024-11-15, giving us a short ratio of 1.09. The data shows that as of 2024-11-15 short interest in EPAM Systems Inc (EPAM) stood at 172.0 of shares outstanding, with shares short falling to 0.7 million registered in 2024-10-15. Current price change has pushed the stock -15.66% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EPAM stock continues to rise going into the next quarter.
