E2open Parent Holdings Inc (NYSE:ETWO) price on Thursday, February 06, fall -3.42% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.82.
A look at the stock’s price movement, the close in the last trading session was $2.92, moving within a range at $2.82 and $2.94. The beta value (5-Year monthly) was 0.341. Turning to its 52-week performance, $5.07 and $2.49 were the 52-week high and 52-week low respectively. Overall, ETWO moved 1.81% over the past month.
E2open Parent Holdings Inc’s market cap currently stands at around $968.42 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 153.01M for the company’s revenue for the quarter, with a low and high estimate of 152.78M and 153.3M respectively. The average forecast suggests down to a -3.43% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 607.92M, representing a -4.20% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ETWO is a 50% Sell. On the other hand, the stock is on average a 75% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
6 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, 1 recommend ETWO 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ETWO’s current price about 5.60% and 0.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.50, while 7-day volatility ratio is 6.16% and 5.21% in the 30-day chart. Further, E2open Parent Holdings Inc (ETWO) has a beta value of 0.99, and an average true range (ATR) of 0.14. Analysts have given the company’s stock an average 52-week price target of $4.5, forecast between a low of $4.2 and high of $4.5. Looking at the price targets, the low is -48.94% off current price level while to achieve the yearly target high, price needs to move -59.57%. Nonetheless, investors will most likely welcome a -59.57% jump to $4.5 which is the analysts’ median price.
If we refocus on E2open Parent Holdings Inc (NYSE:ETWO), historical trading data shows that trading volumes averaged 1.9 over the past 10 days and 1.29 million over the past 3 months. The company’s latest data on shares outstanding shows there are 309.17 million shares.
The 24.49% of E2open Parent Holdings Inc’s shares are in the hands of company insiders while institutional holders own 81.13% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.52 million on 2024-12-13, giving us a short ratio of 10.4. The data shows that as of 2024-12-13 short interest in E2open Parent Holdings Inc (ETWO) stood at 458.0 of shares outstanding, with shares short falling to 11.8 million registered in 2024-11-15. Current price change has pushed the stock 6.02% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ETWO stock continues to rise going into the next quarter.
