At the last check on Thursday, Enjoy Technology Inc.’s (NASDAQ:ENJY) stock was up $0.04, moving up 17.60 percent to $0.30. The average number of shares traded per day over the past five days has been 975,501 shares. 5 times new highs have been achieved over the past 5 days, with a $0.0894 gain in that time frame. In the last twenty days, the average volume was 1,847,220, while in the previous 50 days, it was 1,207,636.
Since last month, ENJY stock retreated -7.94%. Shares of the company fell to $0.2105 on 06/16/22, the lowest level in the past month. A 52-week high of $12.16 was reached on 01/03/22 after having rallying from a 52-week low of $0.21. Since the beginning of this year, ENJY’s stock price has dropped by -94.48% or -$4.3201, and marked a new high 1 time. However, the stock has declined by -97.53% since its 52-week high.
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In the three months ended December 30, Enjoy Technology Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -44.20% percent. Based on annual data, ENJY earned -$31.91 million in gross profit and brought in $81.0 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ENJY’s revenue rose 100.0% to $81.0 million during the quarter, while net income inched up to $24.02 million. While analysts expected Enjoy Technology Inc. to report -$0.43 quarterly earnings, the actual figure was -$0.68 per share, beating the consensus estimate by -58.10%. During the quarter, the company generated -$56.64 million in EBITDA. The liabilities of Enjoy Technology Inc. were 69.96 million at the end of its most recent quarter ended December 30. The value of shareholders’ equity is $120.71 million.
This quick technical analysis looks at Enjoy Technology Inc.’s (ENJY) price momentum. With a historical volatility rate of 125.56%, the RSI 9-day stood at 52.10% on 22 June.
With respect to its five-day moving average, the current Enjoy Technology Inc. price is up by +42.47% percent or $0.0894. At present, ENJY shares trade +28.11% above its 20-day simple moving average and -90.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately -91.15% below its SMA50 and -96.98% below its SMA200.
Stochastic coefficient K was 32.59% and Stochastic coefficient D was 19.81%, while ATR was 0.0603. Given the Stochastic reading of 52.74% for the 14-day period, the RSI (14) reading has been calculated as 34.42%. As of today, the MACD Oscillator reading stands at 0.0284, while the 14-day reading stands at 0.0251.
Enjoy Technology Inc. downgraded its rating on Enjoy Technology Inc. (NASDAQ: ENJY) to a Neutral in a note to investors on April 14, 2022. The analysts firm previously had a Buy rating on the stock.Enjoy Technology Inc. (ENJY) has been rated Underweight by analysts. According to 1 brokerage firm, ENJY is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Enjoy Technology Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $0.50, the current consensus forecast for the stock is $0.10 – $15.00. Based on these forecasts, analysts predict Enjoy Technology Inc. (ENJY) will achieve an average price target of $5.20.