Purchase Of Shares In Eventbrite Inc. (EB) By Sagi Vivek

As of Friday close, Eventbrite Inc.’s (NYSE:EB) stock was down -$0.01, moving down -0.12 percent to $8.17. The average number of shares traded per day over the past five days has been 2,223,320 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.19 fall in that time frame. In the last twenty days, the average volume was 1,472,835, while in the previous 50 days, it was 1,245,404.

Since last month, EB stock retreated -23.07%. Shares of the company fell to $7.92 on 08/05/22, the lowest level in the past month. A 52-week high of $22.52 was reached on 01/04/22 after having rallying from a 52-week low of $8.09. Since the beginning of this year, EB’s stock price has dropped by -53.15% or -$9.27, and marked a new high 2 times. However, the stock has declined by -63.72% since its 52-week high.

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Eventbrite Inc. (EB) last reported insider trading activity 170 days ago on Feb 17. Sagi Vivek, the Chief Technology Officer of the company, disposed of 27,377 shares for $15.69 on Feb 17. It resulted in a $429,519 divestment by the insider. Sagi Vivek sold 16,500 shares at an average price of $16.02 on Feb 16. The insider now owns 27,377 shares following the transaction. On Feb 15, Chief Technology Officer Sagi Vivek sold 25,000 shares at $15.48 apiece. The transaction was valued at $386,900.

Valuation Metrics

The stock’s beta is 2.66. Besides these, the trailing price-to-sales (P/S) ratio of 4.33, the price-to-book (PB) ratio of 5.04.

Financial Health

In the three months ended June 29, Eventbrite Inc.’s quick ratio stood at 1.80, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.23. On the profitability front, the trailing twelve-month gross margin is 64.40% percent. In the year ended June 29, operating margins totaled -24.00%. Based on annual data, EB earned $116.84 million in gross profit and brought in $187.13 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -22.80%. Return on equity (ROE) for the past 12 months was -43.40%.

In Eventbrite Inc.’s quarter-end financial report for June 29, it reported total debt of $354.54 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EB’s revenue rose 29.88% to $55.88 million during the quarter, while net income inched up to $66.04 million. While analysts expected Eventbrite Inc. to report -$0.13 quarterly earnings, the actual figure was -$0.2 per share, beating the consensus estimate by -53.80%. During the quarter, the company generated -$9.06 million in EBITDA. The liabilities of Eventbrite Inc. were 766.62 million at the end of its most recent quarter ended June 29, and its total debt was $362.82 million. The value of shareholders’ equity is $98.32 million.

Technical Picture

This quick technical analysis looks at Eventbrite Inc.’s (EB) price momentum. With a historical volatility rate of 73.66%, the RSI 9-day stood at 23.58% on 05 August.

With respect to its five-day moving average, the current Eventbrite Inc. price is down by -12.71% percent or -$1.19. At present, EB shares trade -22.34% below its 20-day simple moving average and -39.35% percent below its 100-day simple moving average. However, the stock is currently trading approximately -30.88% below its SMA50 and -60.72% below its SMA200.

Stochastic coefficient K was 4.97% and Stochastic coefficient D was 3.59%, while ATR was 0.55. Given the Stochastic reading of 6.49% for the 14-day period, the RSI (14) reading has been calculated as 29.06%. As of today, the MACD Oscillator reading stands at -0.97, while the 14-day reading stands at -1.77.


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