EpicQuest Education Group International Limited (NASDAQ: EEIQ) stock jumped 63.70% on Wednesday to $2.39 against a previous-day closing price of $1.46. With 32.06 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.58 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $3.3000 whereas the lowest price it dropped to was $2.0100. The 52-week range on EEIQ shows that it touched its highest point at $3.63 and its lowest point at $0.80 during that stretch. It currently has a 1-year price target of $2.50.
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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 EEIQ was up-trending over the past week, with a rise of 68.01%, but this was up by 115.32% over a month. Three-month performance surged to 43.96% while six-month performance rose 33.52%. The stock gained 39.77% in the past year, while it has gained 8.14% so far this year.
Float and Shares Shorts:
At present, 11.19 million EEIQ shares are outstanding with a float of 4.11 million shares on hand for trading. On May 14, 2023, short shares totaled 2970.0, which was 0.03% higher than short shares on Apr 13, 2023. In addition to Mr. Jianbo Zhang as the firm’s Chairman & CEO, Dr. Zhenyu Wu serves as its CFO & Director.
Through their ownership of 0.02% of EEIQ’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.02% of EEIQ, in contrast to -0.01% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in EEIQ with 0.00% of the stake, BlackRock Fund Advisors holds 184 shares worth 184. With a 0.02% stake in EEIQ, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 1,797 shares are owned by the mutual fund manager.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EEIQ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EEIQ analysts setting a high price target of $2.50 and a low target of $2.50, the average target price over the next 12 months is $2.50. Based on these targets, EEIQ could surge 4.6% to reach the target high and rise by 4.6% to reach the target low. Reaching the average price target will result in a growth of 4.6% 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.