How Does Wall Street Rate Shares Of E2open Parent Holdings Inc. (ETWO)?

E2open Parent Holdings Inc. (NYSE:ETWO) saw a downside of -1.23% to close Monday at $11.22 after subtracting -$0.14 on the day. The 5-day average trading volume is 1,530,100 shares of the company’s common stock. It has gained $11.73 in the past week. An average of 2,639,605 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,590,184.

ETWO’s 1-month performance is -6.50% or -$0.78 on its low of $10.89 reached on 10/04/21. The company’s shares have touched a 52-week low of $8.26 and high of $14.58, with the stock’s rally to the 52-week high happening on 05/27/21. YTD, ETWO has achieved 3.51% or $0.38. However, the current price is down -23.05%% from the 52-week high price.


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Insider Transactions

On Sep 01, 41 days have gone by since the last insider trading activity for E2open Parent Holdings Inc. (ETWO). Elliott Investment Management (10% Owner) most recently sold 407,909 shares at $12.20 per share on Sep 01. This transaction cost the insider $4,976,490. 10% Owner, Elliott Investment Management, sold 20,926 shares at a price of $12.13 on Aug 31. Then, on Aug 30, 10% Owner Elliott Investment Management sold 298,867 shares at a price of $12.21 per share. This transaction amounted to $3,649,166.

Valuation Metrics

E2open Parent Holdings Inc. (ETWO) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.91 for the sector.ETWO stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.59 while the price-to-book (PB) in the most recent quarter is 1.08.

E2open Parent Holdings Inc.’s quick ratio for the period ended May 30 was 1.70, with the current ratio over the same period at 1.70 meaning that ETWO stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending May 30 was 0.26, while the total debt to equity was 0.27. In terms of profitability, the gross margin trailing 12 months is 57.30%. The trailing 12-month EBITDA margin is 17.10%. The firm’s gross profit as reported stood at $198.84 million against revenue of $330.01 million.

Earnings Surprise

For the quarterly period ending May 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected ETWO to announce $0.02 per share in earnings in its latest quarter, but it posted $0.15, representing a 650.00% surprise. EBITDA for the quarter stood at more than -$4.97 million. ETWO stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 1.51 billion, with total debt at $538.64 million. Shareholders hold equity totaling $195.31 million

Technical Picture

Let’s look briefly at E2open Parent Holdings Inc. (ETWO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 40.73% to suggest the stock is trending Neutral, with historical volatility in this time period at 33.39%.

The stock’s 5-day moving average is $11.34, reflecting a +2.00% or $0.22 change from its current price. ETWO is currently trading -5.48% above its 20-day SMA, -7.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +11.64% and -0.27% respectively.

Stochastic %K and %D was 41.09% and 39.45% and the average true range (ATR) pointed at 0.42. The RSI (14) points at 43.82%, while the 14-day stochastic is at 28.45% with the period’s ATR at 0.42. The stock’s 9-day MACD Oscillator is pointing at 0.03 and -0.17 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for E2open Parent Holdings Inc. (NYSE: ETWO), BofA Securities launched coverage with a Neutral rating. Analysts offering their rating for ETWO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ETWO as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is ETWO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $13.00 and a high of $17.00, with their median price target at $14.00. Looking at these predictions, the average price target given by analysts is for E2open Parent Holdings Inc. (ETWO) stock is $14.50.

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