With 2.17 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.25 million shares. The 52-week range on EGO shows that it touched its highest point at $20.65 and its lowest point at $13.29 during that stretch. It currently has a 1-year price target of $22.20. Beta for the stock currently stands at 0.42.
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 -8.39%, but this was down by -7.49% over a month. Three-month performance surged to 20.61% while six-month performance rose 15.18%. The stock gained 18.85% in the past year, while it has gained 20.44% so far this year. A look at the trailing 12-month EPS for EGO yields 1.59 with Next year EPS estimates of 2.59. For the next quarter, that number is 0.38. This implies an EPS growth rate of -1.02% for this year and 66.83% for next year. EPS is expected to grow by 27.21% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.81%.
Float and Shares Shorts:
At present, 205.18 million EGO shares are outstanding with a float of 203.98 million shares on hand for trading.
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.
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 $1.67502 being high and $1.32239 being low. For EGO, this leads to a yearly average estimate of $1.46932.
