As of Thursday close, EngageSmart Inc.’s (NYSE:ESMT) stock was down -$1.17, moving down -6.38 percent to $17.18. The average number of shares traded per day over the past five days has been 818,760 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.13 fall in that time frame. In the last twenty days, the average volume was 466,100, while in the previous 50 days, it was 557,280.
Since last month, ESMT stock retreated -8.18%. Shares of the company fell to $16.96 on 08/03/23, the lowest level in the past month. A 52-week high of $22.65 was reached on 02/24/23 after having rallying from a 52-week low of $15.01. Since the beginning of this year, ESMT’s stock price has dropped by -2.39% or -$0.42, and marked a new high 16 times. However, the stock has declined by -24.15% since its 52-week high.
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ESMT stock investors should be aware that EngageSmart Inc. (ESMT) stock had its last reported insider trading activity 3 days ago on Aug 01. Seltzer Jonathan Cole, the President, SMB Solutions of the company, disposed of 3,500 shares for $18.94 on Aug 01. It resulted in a $66,290 divestment by the insider. O’Brien Kevin William sold 3,000 shares at an average price of $18.83 on Aug 01. The insider now owns 28,657 shares following the transaction. On Jul 05, Chief Executive Officer Bennett Robert Paul sold 56,000 shares at $18.53 apiece. The transaction was valued at $1,037,680.
Valuation Metrics
Right now, EngageSmart Inc. (ESMT) has a P/E ratio of about 128.21. The stock’s beta is 0.45. Besides these, the trailing price-to-sales (P/S) ratio of 8.67, the price-to-book (PB) ratio of 3.51, and the price-to-cash flow ratio of 55.34 may also be considered.
Financial Health
In the three months ended March 30, EngageSmart Inc.’s quick ratio stood at 7.30, while its current ratio was 7.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 76.40% percent. In the year ended March 30, EBITDA margin amounted to 11.59%, whereas operating margins totaled 5.90%. Based on annual data, ESMT earned $232.07 million in gross profit and brought in $303.92 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 2.20%. Return on equity (ROE) for the past 12 months was 2.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ESMT’s revenue rose 23.83% to $83.9 million during the quarter, while net income inched up to $88.43 million. While analysts expected EngageSmart Inc. to report $0.06 quarterly earnings, the actual figure was $0.07 per share, beating the consensus estimate by 16.70%. During the quarter, the company generated $10.9 million in EBITDA. The liabilities of EngageSmart Inc. were 75.66 million at the end of its most recent quarter ended March 30. The value of shareholders’ equity is $166.74 million.
Technical Picture
This quick technical analysis looks at EngageSmart Inc.’s (ESMT) price momentum. With a historical volatility rate of 39.57%, the RSI 9-day stood at 26.62% on 03 August.
With respect to its five-day moving average, the current EngageSmart Inc. price is down by -6.17% percent or -$1.13. At present, ESMT shares trade -7.88% below its 20-day simple moving average and -7.14% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.98% below its SMA50 and -10.52% below its SMA200.
Stochastic coefficient K was 25.64% and Stochastic coefficient D was 36.78%, while ATR was 0.59. Given the Stochastic reading of 8.49% for the 14-day period, the RSI (14) reading has been calculated as 33.67%. As of today, the MACD Oscillator reading stands at -0.21, while the 14-day reading stands at -0.42.
Analyst Ratings
EngageSmart Inc. downgraded its rating on EngageSmart Inc. (NYSE: ESMT) to a Neutral in a note to investors on July 13, 2023. The analysts firm previously had a Buy rating on the stock.EngageSmart Inc. (ESMT) has been rated Overweight by analysts. According to 0 brokerage firms, ESMT 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 EngageSmart Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $22.50, the current consensus forecast for the stock is $20.00 – $40.00. Based on these forecasts, analysts predict EngageSmart Inc. (ESMT) will achieve an average price target of $24.60.
