Everus Construction Group (NYSE:ECG) price on Thursday, February 27, fall -6.89% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $41.90.
A look at the stock’s price movement, the close in the last trading session was $45.00. The PE ratio in trailing twelve months stood at 14.92. Turning to its 52-week performance, $77.93 and $37.84 were the 52-week high and 52-week low respectively. Overall, ECG moved -38.37% over the past month.
Everus Construction Group’s market cap currently stands at around $2.14 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 676.35M for the company’s revenue for the quarter, with a low and high estimate of 670.4M and 680.4M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.01B, representing a 5.79% jump on that reported in the last financial year.
ECG’s current price about -25.71% and -34.61% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.29, while 7-day volatility ratio is 10.81% and 7.28% in the 30-day chart. Further, Everus Construction Group (ECG) has a beta value of 0, and an average true range (ATR) of 4.05. Analysts have given the company’s stock an average 52-week price target of $67.5, forecast between a low of $55 and high of $80. Looking at the price targets, the low is -31.26% off current price level while to achieve the yearly target high, price needs to move -90.93%. Nonetheless, investors will most likely welcome a -61.1% jump to $67.5 which is the analysts’ median price.
If we refocus on Everus Construction Group (NYSE:ECG), historical trading data shows that trading volumes averaged 675.68K over the past 3 months. The company’s latest data on shares outstanding shows there are 50.98 million shares.
The 0.46% of Everus Construction Group’s shares are in the hands of company insiders while institutional holders own 73.02% of the company’s shares. Current price change has pushed the stock -36.27% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ECG stock continues to rise going into the next quarter.
