Is It Worthwhile For Investors To Follow These Insider Trades On ChannelAdvisor Corporation (ECOM)?

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KOSK Stock
KOSK Stock

ChannelAdvisor Corporation (NYSE:ECOM) finished Thursday with a subtraction of -$0.03 to close at $22.75, a downside of -0.15 percent. An average of 849,790 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,470,557 shares traded, while the 50-day average volume stands at 683,523.

ECOM stock has increased by 49.18% in the last month. The company shares reached their 1-month lowest point of $14.50 on 09/01/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $11.89 and a high of $28.64 in 52 weeks. It has reached a new high 1 time so far this year and lost -7.70% or -$1.93 in price. In spite of this, the price is down -20.57% from the 52-week high.


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Insider Transactions

3 days have passed since ChannelAdvisor Corporation (ECOM) last reported insider trading activity. WINGO M SCOT, who is Director, most recently acquired $3,250 shares at $22.79 per share on Sep 20. In this transaction, the insider spent $74,068. Director, WINGO M SCOT, disposed of 3,250 shares at a price of $15.35 on Aug 22. The insider now owns more than $49,888 worth of shares. Prior to that, Director WINGO M SCOT went on to Sale 3,250 shares at $14.91 each on Jul 20. An amount of $48,458 was transacted.

Valuation Metrics

ChannelAdvisor Corporation (ECOM) has a trailing price-to-earnings (P/E) ratio of 17.84. The stock’s beta is 0.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.80, the price-to-book (PB) ratio at 4.04, and the price-to-cash flow ratio at 23.27.

Financial Health

The quick ratio of ChannelAdvisor Corporation for the three months ended June 29 was 2.80, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $129.5 million compared to revenue of $167.73 million.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.84 million in the quarter, while revenues of $1.82 million were shrunk -147.83%. The analyst consensus anticipated ChannelAdvisor Corporation’s latest quarter earnings to come in at $0.15 per share, but it turned out to be $0.17, a 13.30% surprise. For the quarter, EBITDA amounted to $4.91 million. Shareholders own equity worth $28.73 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ChannelAdvisor Corporation (ECOM) price momentum. RSI 9-day as of the close on 22 September was 83.30%, suggesting the stock is Overbought, with historical volatility in this time frame at 3.24%.

As of today, ECOM’s price is $22.78 -0.35% or -$0.08 from its 5-day moving average. ECOM is currently trading +46.02% higher than its 20-day SMA and +56.79% higher than its 100-day SMA. However, the stock’s current price level is +60.78% above the SMA50 and -9.65% below the SMA200.

The stochastic %K and %D were 69.68% and 88.24%, respectively, and the average true range (ATR) was 0.34. With the 14-day stochastic at 14.04% and the average true range at 0.44, the RSI (14) stands at 81.48%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.03.

Analyst Ratings

William Blair upgraded ChannelAdvisor Corporation (NYSE: ECOM) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform. The consensus rating for ChannelAdvisor Corporation (ECOM) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ECOM, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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

Analysts predict a range of price targets between $23.00 and $26.00, with a median target of $23.10. Taking a look at these predictions, the average price target given by analysts for ChannelAdvisor Corporation (ECOM) stock is $23.80.

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