The trading price of Everus Construction Group (NYSE:ECG) closed lower on Friday, May 23, and closing at $56.70, -1.20% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 19.04. In examining the 52-week price action we see that the stock hit a 52-week high of $77.93 and a 52-week low of $31.38. Over the past month, the stock has gained 38.39% in value.
Everus Construction Group, whose market valuation is $2.89 billion at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that ECG’s price is currently 11.74% off the SMA20 and 31.79% off the SMA50. The RSI metric on the 14-day chart is currently showing 67.48, and weekly volatility stands at 1.99%. When measured over the past 30 days, the indicator reaches 4.24%. Everus Construction Group (NYSE:ECG)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 2.83. With analysts defining $80-$80 as the low and high price targets, we arrive at a consensus price target of $80 for the trailing 12-month period. The current price is about -41.09% off the estimated low and -41.09% off the forecast high, based on this estimate. Investors will be thrilled if ECG’s share price rises to $80, which is the median consensus price. At that level, ECG’s share price would be -41.09% below current price.
To see how Everus Construction Group stock has been performing in comparison to its peers in the industry, here are the numbers: ECG stock’s performance was -1.20% in the latest trading. Everus Construction Group has a P/E ratio of 19.04.
An evaluation of the daily trading volume of Everus Construction Group (NYSE:ECG) indicates that the 3-month average is 782.37K.
Currently, records show that 51.00 million of the company’s shares remain outstanding. The insiders hold 0.47% of outstanding shares, whereas institutions hold 78.94%. However, since the stock’s price has seen -13.76% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
