With 0.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.46 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $16.025 whereas the lowest price it dropped to was $15.775. The 52-week range on EGO shows that it touched its highest point at $19.06 and its lowest point at $9.72 during that stretch. It currently has a 1-year price target of $20.98. Beta for the stock currently stands at 0.93.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EGO was down-trending over the past week, with a drop of -1.85%, but this was down by -11.83% over a month. Three-month performance dropped to -8.21% while six-month performance fell -2.58%. The stock gained 22.44% in the past year, while it has gained 22.44% so far this year. A look at the trailing 12-month EPS for EGO yields 1.34 with Next year EPS estimates of 1.79. For the next quarter, that number is 0.48. This implies an EPS growth rate of 150.97% for this year and 25.04% for next year.
Float and Shares Shorts:
At present, 204.91 million EGO shares are outstanding with a float of 203.44 million shares on hand for trading. On 2024-11-15, short shares totaled 7.03 million, which was 343.0 higher than short shares on 1728950400. In addition to Mr. George Raymond Burns as the firm’s President, CEO & Director, Mr. Paul Ferneyhough serves as its CFO & Executive VP.
Institutional Ownership:
Through their ownership of 0.83406997 of EGO’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, EGO reported revenue of $331425000.0 and operating income of $100940000.0. The EBITDA in the recently reported quarter was $181791000.0 and diluted EPS was $0.46.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EGO since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EGO analysts setting a high price target of 22.5 and a low target of 17.25, the average target price over the next 12 months is 20.15. Based on these targets, EGO could surge 41.69% to reach the target high and rise by 8.63% to reach the target low. Reaching the average price target will result in a growth of 26.89% from current levels.
Analysts have provided yearly estimates in a range of $1.62608 being high and $1.29484 being low. For EGO, this leads to a yearly average estimate of $1.42533. The surprise factor in the prior quarter was $0.25. Based on analyst estimates, the high estimate for the next quarter is $0.48 and the low estimate is $0.48. The average estimate for the next quarter is thus $0.48.
