SeaChange International Inc. (SEAC) can make a big difference with a little luck

SeaChange International Inc. (NASDAQ: SEAC) stock fell -5.69% on Friday to $0.58 against a previous-day closing price of $0.62. With 0.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.49 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.6000 whereas the lowest price it dropped to was $0.5411. The 52-week range on SEAC shows that it touched its highest point at $3.44 and its lowest point at $0.38 during that stretch. Beta for the stock currently stands at 1.12.

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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 SEAC was down-trending over the past week, with a drop of -8.11%, but this was down by -0.63% over a month. Three-month performance dropped to -49.56% while six-month performance fell -50.84%. The stock lost -46.29% in the past year, while it has lost -63.74% so far this year.

Float and Shares Shorts:

At present, 49.22 million SEAC shares are outstanding with a float of 39.94 million shares on hand for trading. On Apr 28, 2022, short shares totaled 7.21 million, which was 14.70% higher than short shares on Mar 30, 2022. In addition to Mr. Michael D. Prinn as the firm’s CFO, Exec. VP & Treasurer, Mr. Peter D. Aquino serves as its Pres, CEO & Director.

Institutional Ownership:

Through their ownership of 17.11% of SEAC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 64.49% of SEAC, in contrast to 5.34% held by mutual funds. Shares owned by individuals account for 12.80%. As the largest shareholder in SEAC with 6.20% of the stake, Footprints Asset Management & Res holds 3,054,458 shares worth 3,054,458. A second-largest stockholder of SEAC, The Vanguard Group, Inc., holds 1,807,778 shares, controlling over 3.67% of the firm’s shares. Susquehanna Financial Group LLLP is the third largest shareholder in SEAC, holding 773,652 shares or 1.57% stake. With a 2.34% stake in SEAC, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,152,825 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.14% of SEAC stock, is the second-largest Mutual Fund holder. It holds 562,926 shares valued at 0.34 million. Fidelity Extended Market Index Fu holds 0.48% of the stake in SEAC, owning 236,071 shares worth 0.14 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SEAC since 2 analysts follow the stock currently. There are 1 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 SEAC analysts setting a high price target of $3.00 and a low target of $3.00, the average target price over the next 12 months is $3.00. Based on these targets, SEAC could surge 417.24% to reach the target high and rise by 417.24% to reach the target low. Reaching the average price target will result in a growth of 417.24% 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. SEAC will report FY 2022 earnings on 04/10/2023. Analysts have provided yearly estimates in a range of -$0.18 being high and -$0.18 being low. For SEAC, this leads to a yearly average estimate of -$0.18. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. SeaChange International Inc. The surprise factor in the prior quarter was $0.07. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.05.

Summary of Insider Activity:

Insiders traded SEAC stock several times over the past three months with 13 Buys and 1 Sells. In these transactions, 1,131,956 shares were bought while 1,509 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 2,068,872 while 11,232 shares were sold.

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