Everest Group Ltd (NYSE:EG) shares, rose in value on Friday, May 30, with the stock price up by 0.24% to the previous day’s close as strong demand from buyers drove the stock to $347.19.
Actively observing the price movement in the last trading, the stock closed the session at $346.35. The PE ratio was 17.51 over 12-month period. Referring to stock’s 52-week performance, its high was $407.30, and the low was $320.00. On the whole, EG has fluctuated by -3.24% over the past month.
With the market capitalization of Everest Group Ltd currently standing at about $14.77 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 8.00, with its dividend yield at 2.30%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 16.42B, with a low estimate of 4B and a high estimate of 4.43B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.22B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.54, with the price of EG currently trading nearly 0.85% and -0.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.45, while the 7-day volatility ratio is showing 2.48% which for the 30-day chart, stands at 1.54%. Furthermore, Everest Group Ltd (EG)’s beta value is 0.52, and its average true range (ATR) is 7.85.
A comparison of Everest Group Ltd (EG) with its peers suggests the former has fared considerably weaker in the market. EG showed an intraday change of 0.24% in last session, and over the past year, it shrunk by -10.62%%.
Data on historical trading for Everest Group Ltd (NYSE:EG) indicates that the trading volumes over the past 3 months, they’ve averaged 427.65K. According to company’s latest data on outstanding shares, there are 42.50 million shares outstanding.
Nearly 24.02% of Everest Group Ltd’s shares belong to company insiders and institutional investors own 96.15% of the company’s shares. The stock has fallen by -4.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EG stock heading into the next quarter.
