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.
Institutional Ownership:
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.
Analysts Ratings:
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.
