The stock of Ebix Inc. (NASDAQ:EBIX) decreased by -$1.48 on Tuesday to finish at $11.62, down -11.30 percent. The last five days have seen an average of 919,680 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$8.34. The average number of shares traded over the last 20 days was 558,180, while the average volume over the last 50 days totaled 707,726.
EBIX stock dropped -16.58% since last month. On 09/19/23, the company’s shares reached a one-month low of $10.75. The stock touched a high of $32.87 on 07/31/23, after rallying from a low of $11.74 in 52 weeks. The price of EBIX stock has declined by -41.78% or -$8.34 this year, reaching a new high 16 times. Still, the stock price is down -64.65% from the 52-week high.
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Valuation Metrics
Ebix Inc. (EBIX) has a trailing price-to-earnings (P/E) ratio of 10.69. Beta for the stock is 2.53. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.41, the price-to-book (PB) ratio of 0.56, and the price-to-cash flow ratio of 7.41.
Company paid $0.0750 per share in dividends, remained unchanged from $0.0750 last year. A $0.0750 dividend decrease was reported on Friday November 23 2018.
Financial Health
For the three months ended June 29, Ebix Inc.’s quick ratio was 0.40, while its current ratio was 0.40, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 39.20% percent. Ebix Inc.’s EBITDA margin for the year ended June 29 was 13.85%, whereas its operating margin stood at 13.70% for the same period. Based on annual data, it had gross profit of $328.63 million and revenue of $1.05 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EBIX’s return on assets (ROA) during the last 12 months has been 2.20%. There was a 8.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.40%.
Earnings Surprise
According to Ebix Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $118.43 million, while revenues fell by -111.75% to $242.76 million. It was predicted that Ebix Inc.’s quarterly earnings would be $0.01, but it ended up being $0.24, beating the consensus by -95.80%. EBITDA was $35.07 million for the quarter. At the end of Ebix Inc.’s most recent quarter ended June 29, its liabilities totaled 863.65 million, while its total debt was $632.52 million. Equity owned by shareholders amounts to $30.9 million.
Technical Picture
Here’s a quick look at Ebix Inc.’s (EBIX) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 19.50%, suggesting the stock is oversold, with a 68.06% historical volatility rate.
The stochastic %K and %D were 11.57% and 12.00% respectively, while the average true range (ATR) was 1.21. Based on the 14-day stochastic reading of 13.35%, the RSI (14) reading is 26.72%. On the 9-day MACD Oscillator, the stock is at -1.21, and the 14-day reading is at -1.86.
Analyst Ratings
In its analyst report released on July 12, 2018, Maxim Group began covering Ebix Inc. (NASDAQ: EBIX). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Ebix Inc. (EBIX) an Buy rating. EBIX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is EBIX’s price target for the next 12 months?
The current consensus forecast for the stock is between $24.50 and $50.00, with a median target price of $37.25. In analyzing these forecasts, the average price target given by analysts for Ebix Inc. (EBIX) is $37.25.
