With 82824.0 shares changed hands, the volume of the stock remained heavier than its average volume of 60180.0 shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.545 whereas the lowest price it dropped to was $5.32. The 52-week range on EGAN shows that it touched its highest point at $8.52 and its lowest point at $4.71 during that stretch. It currently has a 1-year price target of $9.50. Beta for the stock currently stands at 0.45.
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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 EGAN was down-trending over the past week, with a drop of -4.70%, but this was up by 2.81% over a month. Three-month performance surged to 11.84% while six-month performance fell -9.27%. The stock lost -34.06% in the past year, while it has lost -34.21% so far this year. A look at the trailing 12-month EPS for EGAN yields 0.19 with Next year EPS estimates of 0.28. For the next quarter, that number is 0.02. This implies an EPS growth rate of -44.87% for this year and 27.91% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.48%.
Float and Shares Shorts:
At present, 28.52 million EGAN shares are outstanding with a float of 18.49 million shares on hand for trading. On 2024-11-29, short shares totaled 0.29 million, which was 102.99999 higher than short shares on 1730332800. In addition to Mr. Ashutosh Roy as the firm’s Co-Founder, Executive Chairman, CEO & President, Mr. Gunjan Sinha serves as its Co-Founder & Lead Independent Director.
Institutional Ownership:
Through their ownership of 0.56691 of EGAN’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, EGAN reported revenue of $21799000.0 and operating income of $509000.0. The EBITDA in the recently reported quarter was $876000.0 and diluted EPS was $0.02.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EGAN since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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 EGAN analysts setting a high price target of 12.0 and a low target of 7.0, the average target price over the next 12 months is 9.5. Based on these targets, EGAN could surge 122.22% to reach the target high and rise by 29.63% to reach the target low. Reaching the average price target will result in a growth of 75.93% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.33738 being high and $0.33262 being low. For EGAN, this leads to a yearly average estimate of $0.335. Based on analyst estimates, the high estimate for the next quarter is $0.07 and the low estimate is $0.07. The average estimate for the next quarter is thus $0.07.
