As of Friday close, Everbridge Inc.’s (NASDAQ:EVBG) stock was up $0.05, moving up 0.22 percent to $23.07. The average number of shares traded per day over the past five days has been 536,220 shares. 2 times new highs have been achieved over the past 5 days, with a $0.79 gain in that time frame. In the last twenty days, the average volume was 552,800, while in the previous 50 days, it was 469,092.
Since last month, EVBG stock retreated -24.93%. Shares of the company fell to $21.05 on 08/11/23, the lowest level in the past month. A 52-week high of $42.90 was reached on 02/17/23 after having rallying from a 52-week low of $21.05. Since the beginning of this year, EVBG’s stock price has dropped by -22.01% or -$6.51, and marked a new high 8 times. However, the stock has declined by -46.22% since its 52-week high.
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EVBG stock investors should be aware that Everbridge Inc. (EVBG) stock had its last reported insider trading activity 8 days ago on Aug 11. DAMORE RICHARD A, the Director of the company, purchased of 11,000 shares for $22.39 on Aug 11. It resulted in a $246,279 investment by the insider. Paris Simon added 3,000 shares at an average price of $21.51 on Aug 11. The insider now owns 8,876 shares following the transaction. On Aug 09, EVP and CFO Brickley Patrick sold 507 shares at $22.86 apiece. The transaction was valued at $11,590.
Valuation Metrics
The stock’s beta is 0.88. Besides these, the trailing price-to-sales (P/S) ratio of 2.01, the price-to-book (PB) ratio of 3.16, and the price-to-cash flow ratio of 30.09 may also be considered.
Financial Health
In the three months ended June 29, Everbridge Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, 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 1.70, and the total debt-to-equity ratio was 1.70. On the profitability front, the trailing twelve-month gross margin is 70.10% percent. In the year ended June 29, EBITDA margin amounted to 2.84%, whereas operating margins totaled -9.00%. Based on annual data, EVBG earned $296.96 million in gross profit and brought in $431.89 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 -7.90%. Return on equity (ROE) for the past 12 months was -12.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EVBG’s revenue rose 6.78% to $108.27 million during the quarter, while net income inched up to $110.48 million. While analysts expected Everbridge Inc. to report $0.27 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by 14.80%. During the quarter, the company generated $4.43 million in EBITDA. The liabilities of Everbridge Inc. were 816.32 million at the end of its most recent quarter ended June 29, and its total debt was $523.54 million. The value of shareholders’ equity is $40.76 million.
Technical Picture
This quick technical analysis looks at Everbridge Inc.’s (EVBG) price momentum. With a historical volatility rate of 129.58%, the RSI 9-day stood at 32.60% on 18 August.
With respect to its five-day moving average, the current Everbridge Inc. price is up by +3.55% percent or $0.79. At present, EVBG shares trade -23.56% below its 20-day simple moving average and -30.62% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.98% below its SMA50 and -26.36% below its SMA200.
Stochastic coefficient K was 20.76% and Stochastic coefficient D was 21.04%, while ATR was 1.33. Given the Stochastic reading of 20.63% for the 14-day period, the RSI (14) reading has been calculated as 34.55%. As of today, the MACD Oscillator reading stands at 0.49, while the 14-day reading stands at -1.89.
With a median target price of $26.00, the current consensus forecast for the stock is $23.00 – $38.00. Based on these forecasts, analysts predict Everbridge Inc. (EVBG) will achieve an average price target of $27.64.
