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.
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.
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.