The stock of E2open Parent Holdings Inc. (NYSE:ETWO) decreased by -$0.13 on Wednesday to $4.90, down -2.56 percent. The last five days have seen an average of 764,567 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$0.91. The average number of shares traded over the last 20 days was 1,083,877, while the average volume over the last 50 days totaled 1,601,751.
ETWO stock dropped -4.09% since last month. On 08/09/23, the company’s shares reached a one-month low of $4.73. The stock touched a high of $7.99 on 02/02/23, after rallying from a low of $3.92 in 52 weeks. The price of ETWO stock has declined by -16.51% or -$0.91 this year, reaching a new high 10 times. Still, the stock price is down -38.66% from the 52-week high.
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Insider Transactions
ETWO stock investors should be aware that E2open Parent Holdings Inc. (ETWO) stock had its last reported insider trading activity 9 days ago on Aug 07. On Aug 07, Chief Executive Officer Farlekas Michael sold 13,000 shares at $4.99 each. This transaction resulted in the insider making $64,862. On Jul 05, Farlekas Michael sold 13,000 shares at a price of US$5.48. After the transaction, the insider now owns 240,474 shares. Chief Executive Officer Farlekas Michael had earlier sold 13,000 shares on Jun 05 for $5.37 a share. The transaction was completed for $69,804.
Valuation Metrics
Beta for the stock is 0.65. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.27, the price-to-book (PB) ratio of 0.68, and the price-to-cash flow ratio of 33.33.
Financial Health
For the three months ended May 30, E2open Parent Holdings Inc.’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending May 30 is 0.48, and the total debt to equity ratio is 0.48. As far as profitability goes, gross margin for the trailing twelve months is 50.30% percent. Based on annual data, it had gross profit of $330.28 million and revenue of $652.22 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ETWO’s return on assets (ROA) during the last 12 months has been -21.40%. There was a -19.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -37.80%.
Earnings Surprise
According to E2open Parent Holdings Inc.’s quarterly financial report for the quarter that ended May 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $160.12 million, while revenues fell by -0.16% to $166.27 million. It was predicted that E2open Parent Holdings Inc.’s quarterly earnings would be $0.05, but it ended up being $0.05. EBITDA was $45.28 million for the quarter. At the end of E2open Parent Holdings Inc.’s most recent quarter ended May 30, its liabilities totaled 1.55 billion, while its total debt was $1.08 billion. Equity owned by shareholders amounts to $303.2 million.
Technical Picture
Here’s a quick look at E2open Parent Holdings Inc.’s (ETWO) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 47.03%, suggesting the stock is Neutral, with a 21.37% historical volatility rate.
The stochastic %K and %D were 53.47% and 49.31% respectively, while the average true range (ATR) was 0.15. Based on the 14-day stochastic reading of 47.92%, the RSI (14) reading is 45.88%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at 0.02.
Analyst Ratings
E2open Parent Holdings Inc. (NYSE: ETWO) was downgraded by Loop Capital to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned E2open Parent Holdings Inc. (ETWO) an Hold rating. ETWO is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is ETWO’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $8.50, with a median target price of $6.00. In analyzing these forecasts, the average price target given by analysts for E2open Parent Holdings Inc. (ETWO) is $6.21.
