With 2.06 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.16 million shares. The 52-week range on EGO shows that it touched its highest point at $21.74 and its lowest point at $13.29 during that stretch. It currently has a 1-year price target of $22.25. Beta for the stock currently stands at 0.46.
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 up-trending over the past week, with a rise of 5.65%, but this was up by 14.43% over a month. Three-month performance surged to 51.52% while six-month performance rose 31.86%. The stock gained 28.47% in the past year, while it has gained 40.82% 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 -1.38% for this year and 67.40% for next year. EPS is expected to grow by 27.20% 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 204.44 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. Based on analyst estimates, the high estimate for the next quarter is $0.47 and the low estimate is $0.34. The average estimate for the next quarter is thus $0.42.
