How Have Insiders Been Trading Eargo Inc. (EAR) Stock?

Eargo Inc. (NASDAQ:EAR) saw a downside of -0.46% to close Monday at $6.52 after subtracting -$0.03 on the day. The 5-day average trading volume is 1,372,680 shares of the company’s common stock. It has gained $6.84 in the past week. An average of 5,197,185 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,462,912.

EAR’s 1-month performance is -67.83% or -$13.75 on its low of $6.20 reached on 10/04/21. The company’s shares have touched a 52-week low of $6.20 and high of $76.75. YTD, EAR has lost -85.45% or -$38.30. However, the current price is down -91.50%% from the 52-week high price.

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Insider Transactions

On Sep 14, 28 days have gone by since the last insider trading activity for Eargo Inc. (EAR). Richardson Nina (Director) most recently sold 3,000 shares at $20.32 per share on Sep 14. This transaction cost the insider $60,960. Chief Financial Officer, Laponis Adam, sold 10,000 shares at a price of $38.43 on Jun 29. Then, on May 25, 10% Owner Makhzoumi Mohamad sold 283 shares at a price of $32.41 per share. This transaction amounted to $9,172.

Valuation Metrics

Eargo Inc. (EAR) has a trailing price-to-earnings (P/E) ratio of 26.30 for the broader industry and 32.24 for the sector.EAR stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.05 while the price-to-book (PB) in the most recent quarter is 1.44.

Eargo Inc.’s quick ratio for the period ended June 29 was 8.10, with the current ratio over the same period at 8.20 meaning that EAR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.09, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 71.00%. The trailing 12-month EBITDA margin is -47.23% while for the period ending June 29; Eargo Inc.’s operating margin was -60.40%. The firm’s gross profit as reported stood at $47.28 million against revenue of $69.15 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected EAR to announce -$0.26 per share in earnings in its latest quarter, but it posted -$0.36, representing a -38.50% surprise. EBITDA for the quarter stood at more than -$18.37 million. EAR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 39.63 million, with total debt at $16.08 million. Shareholders hold equity totaling $39.16 million

Technical Picture

Let’s look briefly at Eargo Inc. (EAR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 16.87% to suggest the stock is trending oversold, with historical volatility in this time period at 35.26%.

The stock’s 5-day moving average is $6.59, reflecting a +2.35% or $0.15 change from its current price. EAR is currently trading -67.90% above its 20-day SMA, -79.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -81.89% and -88.21% respectively.

Stochastic %K and %D was 2.38% and 2.53% and the average true range (ATR) pointed at 1.00. The RSI (14) points at 18.66%, while the 14-day stochastic is at 1.99% with the period’s ATR at 1.25. The stock’s 9-day MACD Oscillator is pointing at 0.01 and -1.19 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Eargo Inc. (NASDAQ: EAR), William Blair downgraded it to a Mkt perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for EAR stock have a consensus rating for the stock as Underweight. Currently, 1 brokerage advisors rate EAR as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $10.00 and a high of $11.00, with their median price target at $10.50. Looking at these predictions, the average price target given by analysts is for Eargo Inc. (EAR) stock is $10.50.


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