There is no way Emerald Holding Inc. (EEX) can keep these numbers up

Emerald Holding Inc. (NYSE: EEX) stock jumped 20.91% on Friday to $3.99 against a previous-day closing price of $3.30. With 1.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.19 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $4.0900 whereas the lowest price it dropped to was $3.3313. The 52-week range on EEX shows that it touched its highest point at $5.17 and its lowest point at $2.42 during that stretch. It currently has a 1-year price target of $62.00. Beta for the stock currently stands at 1.37.

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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 EEX was up-trending over the past week, with a rise of 27.07%, but this was up by 16.33% over a month. Three-month performance surged to 31.25% while six-month performance rose 9.62%. The stock lost -2.68% in the past year, while it has gained 0.50% so far this year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -45.60%.

Float and Shares Shorts:

At present, 70.17 million EEX shares are outstanding with a float of 69.58 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.2 million, which was 0.29% higher than short shares on Jun 14, 2022. In addition to Mr. Herve Sedky as the firm’s CEO, Pres & Director, Mr. David B. Doft serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 23.69% of EEX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.31% of EEX, in contrast to 13.58% held by mutual funds. Shares owned by individuals account for 0.94%. As the largest shareholder in EEX with 8.10% of the stake, Fidelity Management & Research Co holds 5,676,885 shares worth 5,676,885. A second-largest stockholder of EEX, BlackRock Fund Advisors, holds 1,638,014 shares, controlling over 2.34% of the firm’s shares. Hotchkis & Wiley Capital Manageme is the third largest shareholder in EEX, holding 1,537,836 shares or 2.19% stake. With a 5.35% stake in EEX, the Fidelity Comwlth. Tr. – Small Cap is the largest stakeholder. A total of 3,750,000 shares are owned by the mutual fund manager. The Fidelity Comwlth. Tr. – Series Sm, which owns about 2.74% of EEX stock, is the second-largest Mutual Fund holder. It holds 1,923,000 shares valued at 7.83 million. Vanguard Total Stock Market Index holds 0.99% of the stake in EEX, owning 690,955 shares worth 2.81 million.

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 Mar 30, 2022, EEX reported revenue of $98.50M and operating income of $3.40M. Over the past year, revenue came in at $231.10M while operating income stood at -$19.20M. It generated $22.60M net income for the quarter, which came to -$40.20M over the last twelve months. The EBITDA in the recently reported quarter was $17.70M and diluted EPS was $0.07. EBITDA for the full year was $64.00M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EEX 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 EEX analysts setting a high price target of $5.50 and a low target of $5.50, the average target price over the next 12 months is $5.50. Based on these targets, EEX could surge 37.84% to reach the target high and rise by 37.84% to reach the target low. Reaching the average price target will result in a growth of 37.84% 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. EEX will report FY 2021 earnings on 02/16/2023. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Emerald Holding Inc. reported -$0.25 EPS. 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.

Summary of Insider Activity:

Insiders traded EEX stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 3,014 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 154,200 while 83,806 shares were sold.

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