The stock of Everbridge Inc. (NASDAQ:EVBG) increased by $0.96 on Friday to finish at $22.28, up 4.50 percent. The last five days have seen an average of 1,086,560 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$7.30. The average number of shares traded over the last 20 days was 516,200, while the average volume over the last 50 days totaled 460,894.
EVBG stock dropped -27.19% since last month. On 08/11/23, the company’s shares reached a one-month low of $21.05. The stock touched a high of $42.90 on 02/17/23, after rallying from a low of $21.13 in 52 weeks. The price of EVBG stock has declined by -24.68% or -$7.30 this year, reaching a new high 8 times. Still, the stock price is down -48.07% from the 52-week high.
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Insider Transactions
EVBG stock investors should be aware that Everbridge Inc. (EVBG) stock had its last reported insider trading activity 5 days ago on Aug 09. On Aug 09, EVP and CFO Brickley Patrick sold 507 shares at $22.86 each. This transaction resulted in the insider making $11,590. On Aug 01, Brickley Patrick sold 7,426 shares at a price of US$30.33. After the transaction, the insider now owns 106,200 shares. EVP and CFO Brickley Patrick had earlier sold 1,008 shares on Jun 01 for $23.87 a share. The transaction was completed for $24,065.
Valuation Metrics
Beta for the stock is 0.87. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.94, the price-to-book (PB) ratio of 3.06, and the price-to-cash flow ratio of 29.06.
Financial Health
For the three months ended June 29, Everbridge Inc.’s quick ratio was 1.30, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.70, and the total debt to equity ratio is 1.70. As far as profitability goes, gross margin for the trailing twelve months is 70.10% percent. Everbridge Inc.’s EBITDA margin for the year ended June 29 was 2.84%, whereas its operating margin stood at -9.00% for the same period. Based on annual data, it had gross profit of $296.96 million and revenue of $431.89 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EVBG’s return on assets (ROA) during the last 12 months has been -3.00%. There was a -7.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -12.70%.
Earnings Surprise
According to Everbridge Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $110.48 million, while revenues rose by 6.78% to $108.27 million. It was predicted that Everbridge Inc.’s quarterly earnings would be $0.31, but it ended up being $0.27, beating the consensus by 14.80%. EBITDA was $4.43 million for the quarter. At the end of Everbridge Inc.’s most recent quarter ended June 29, its liabilities totaled 816.32 million, while its total debt was $523.54 million. Equity owned by shareholders amounts to $40.76 million.
Technical Picture
Here’s a quick look at Everbridge Inc.’s (EVBG) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 23.81%, suggesting the stock is oversold, with a 125.53% historical volatility rate.
The stochastic %K and %D were 6.18% and 8.37% respectively, while the average true range (ATR) was 1.69. Based on the 14-day stochastic reading of 11.98%, the RSI (14) reading is 28.77%. On the 9-day MACD Oscillator, the stock is at -4.28, and the 14-day reading is at -5.83.
Analyst Ratings
In its most recent analyst report, Needham raised its rating on Everbridge Inc. (NASDAQ: EVBG) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Everbridge Inc. (EVBG) an Hold rating. EVBG is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is EVBG’s price target for the next 12 months?
The current consensus forecast for the stock is between $23.00 and $38.00, with a median target price of $26.00. In analyzing these forecasts, the average price target given by analysts for Everbridge Inc. (EVBG) is $28.00.
