As of Thursday close, Eventbrite Inc.’s (NYSE:EB) stock was down -$0.37, moving down -3.62 percent to $9.86. The average number of shares traded per day over the past five days has been 1,058,940 shares. 4 times new highs have been achieved over the past 5 days, with a $0.16 gain in that time frame. In the last twenty days, the average volume was 948,065, while in the previous 50 days, it was 1,171,368.
Since last month, EB stock retreated -3.14%. Shares of the company fell to $9.36 on 09/15/23, the lowest level in the past month. A 52-week high of $11.90 was reached on 08/07/23 after having rallying from a 52-week low of $5.30. Since the beginning of this year, EB’s stock price has risen by 68.26% or $4.00, and marked a new high 25 times. However, the stock has declined by -17.18% since its 52-week high.
EB stock investors should be aware that Eventbrite Inc. (EB) stock had its last reported insider trading activity 45 days ago on Aug 08. Sagi Vivek, the Chief Technology Officer of the company, disposed of 100,568 shares for $11.24 on Aug 08. It resulted in a $1,130,606 divestment by the insider. Taylor Julia D. sold 36,187 shares at an average price of $7.00 on May 12. The insider now owns 191,609 shares following the transaction.
Valuation Metrics
The stock’s beta is 2.62. Besides these, the trailing price-to-sales (P/S) ratio of 3.38, the price-to-book (PB) ratio of 5.60, and the price-to-cash flow ratio of 88.51 may also be considered.
Financial Health
In the three months ended June 29, Eventbrite Inc.’s quick ratio stood at 1.90, while its current ratio was 1.90, 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 2.02, and the total debt-to-equity ratio was 2.02. On the profitability front, the trailing twelve-month gross margin is 66.60% percent. In the year ended June 29, EBITDA margin amounted to -11.76%, whereas operating margins totaled -13.30%. Based on annual data, EB earned $170.18 million in gross profit and brought in $260.93 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 -9.00%. Return on equity (ROE) for the past 12 months was -19.90%.
In Eventbrite Inc.’s quarter-end financial report for June 29, it reported total debt of $356.59 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EB’s revenue rose 16.31% to $77.91 million during the quarter, while net income inched up to $78.91 million. While analysts expected Eventbrite Inc. to report -$0.13 quarterly earnings, the actual figure was -$0.03 per share, beating the consensus estimate by 76.90%. During the quarter, the company generated -$2.73 million in EBITDA. The liabilities of Eventbrite Inc. were 736.5 million at the end of its most recent quarter ended June 29, and its total debt was $360.9 million. The value of shareholders’ equity is $100.18 million.
Technical Picture
This quick technical analysis looks at Eventbrite Inc.’s (EB) price momentum. With a historical volatility rate of 49.45%, the RSI 9-day stood at 47.25% on 21 September.
With respect to its five-day moving average, the current Eventbrite Inc. price is up by +1.65% percent or $0.16. At present, EB shares trade -5.92% below its 20-day simple moving average and +35.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.18% below its SMA50 and +36.75% above its SMA200.
Stochastic coefficient K was 61.08% and Stochastic coefficient D was 59.46%, while ATR was 0.41. Given the Stochastic reading of 48.08% for the 14-day period, the RSI (14) reading has been calculated as 46.98%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.14.
Analyst Ratings
KeyBanc Capital Markets upgraded its rating on Eventbrite Inc. (NYSE: EB) to an Overweight in a note to investors on July 27, 2023. The analysts firm previously had a Sector weight rating on the stock.Eventbrite Inc. (EB) has been rated Overweight by analysts. According to 0 brokerage firms, EB is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Eventbrite Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $11.00 – $17.00. Based on these forecasts, analysts predict Eventbrite Inc. (EB) will achieve an average price target of $13.40.
