As of Friday close, Ebix Inc.’s (NASDAQ:EBIX) stock was down -$1.15, moving down -7.63 percent to $13.93. The average number of shares traded per day over the past five days has been 1,328,220 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.90 fall in that time frame. In the last twenty days, the average volume was 953,000, while in the previous 50 days, it was 684,614.
Since last month, EBIX stock retreated -47.73%. Shares of the company fell to $12.91 on 08/14/23, the lowest level in the past month. A 52-week high of $32.87 was reached on 07/31/23 after having rallying from a 52-week low of $11.74. Since the beginning of this year, EBIX’s stock price has dropped by -30.21% or -$6.03, and marked a new high 16 times. However, the stock has declined by -57.62% since its 52-week high.
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Valuation Metrics
Right now, Ebix Inc. (EBIX) has a P/E ratio of about 8.17. The stock’s beta is 2.57. Besides these, the trailing price-to-sales (P/S) ratio of 0.38, the price-to-book (PB) ratio of 0.68, and the price-to-cash flow ratio of 7.81 may also be considered.
The latest dividend of $0.0750 per share was paid out, remained unchanged from last year’s $0.0750. On Friday November 23 2018, a $0.0750 dividend decrease was announced.
Financial Health
In the three months ended June 29, Ebix Inc.’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 33.70% percent. In the year ended June 29, EBITDA margin amounted to 13.85%, whereas operating margins totaled 11.90%. Based on annual data, EBIX earned $328.63 million in gross profit and brought in $1.05 billion 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 8.80%. Return on equity (ROE) for the past 12 months was 5.40%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EBIX’s revenue fell -111.75% to $242.76 million during the quarter, while net income inched up to $118.43 million. While analysts expected Ebix Inc. to report $0.24 quarterly earnings, the actual figure was $0.01 per share, beating the consensus estimate by -95.80%. During the quarter, the company generated $35.07 million in EBITDA. The liabilities of Ebix Inc. were 863.65 million at the end of its most recent quarter ended June 29, and its total debt was $632.52 million. The value of shareholders’ equity is $30.9 million.
Technical Picture
This quick technical analysis looks at Ebix Inc.’s (EBIX) price momentum. With a historical volatility rate of 216.75%, the RSI 9-day stood at 24.96% on 18 August.
With respect to its five-day moving average, the current Ebix Inc. price is down by -17.23% percent or -$2.90. At present, EBIX shares trade -46.87% below its 20-day simple moving average and +7.15% percent above its 100-day simple moving average. However, the stock is currently trading approximately -36.68% below its SMA50 and -29.61% below its SMA200.
Stochastic coefficient K was 8.48% and Stochastic coefficient D was 9.00%, while ATR was 2.32. Given the Stochastic reading of 5.66% for the 14-day period, the RSI (14) reading has been calculated as 29.40%. As of today, the MACD Oscillator reading stands at -2.38, while the 14-day reading stands at -6.32.
Analyst Ratings
Maxim Group launched its rating on Ebix Inc. (NASDAQ: EBIX) to a Buy in a note to investors on July 12, 2018. Ebix Inc. (EBIX) has been rated Buy by analysts. According to 0 brokerage firms, EBIX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ebix Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $39.88, the current consensus forecast for the stock is $29.75 – $50.00. Based on these forecasts, analysts predict Ebix Inc. (EBIX) will achieve an average price target of $39.88.
