E2open Parent Holdings Inc. (NYSE: ETWO) stock jumped 0.86% on Thursday to $4.69 against a previous-day closing price of $4.65. With 1.23 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.6 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $4.7850 whereas the lowest price it dropped to was $4.6400. The 52-week range on ETWO shows that it touched its highest point at $8.69 and its lowest point at $3.92 during that stretch. It currently has a 1-year price target of $5.50.
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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 ETWO was up-trending over the past week, with a rise of 4.45%, but this was down by -24.23% over a month. Three-month performance dropped to -21.44% while six-month performance fell -16.10%. The stock lost -37.96% in the past year, while it has lost -20.10% so far this year. A look at the trailing 12-month EPS for ETWO yields -2.15 with Next year EPS estimates of 0.26. For the next quarter, that number is 0.05. This implies an EPS growth rate of -218.10% for this year and 15.86% for next year.
Float and Shares Shorts:
At present, 302.41 million ETWO shares are outstanding with a float of 253.16 million shares on hand for trading. On May 14, 2023, short shares totaled 16.22 million, which was 5.36% higher than short shares on Apr 13, 2023. In addition to Mr. Michael A. Farlekas as the firm’s Pres, CEO & Director, Mr. Peter R. Hantman serves as its COO & Exec. VP of Global Bus. Units.
Through their ownership of 113.93% of ETWO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 65.64% of ETWO, in contrast to 43.43% held by mutual funds. Shares owned by individuals account for 18.62%. As the largest shareholder in ETWO with 10.13% of the stake, Neuberger Berman Investment Advis holds 30,607,831 shares worth 30,607,831. A second-largest stockholder of ETWO, Temasek Holdings Pte Ltd., holds 29,248,151 shares, controlling over 9.68% of the firm’s shares. The WindAcre Partnership LLC is the third largest shareholder in ETWO, holding 28,792,992 shares or 9.53% stake. With a 2.20% stake in ETWO, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 6,637,652 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.84% of ETWO stock, is the second-largest Mutual Fund holder. It holds 5,547,087 shares valued at 34.89 million. Baron Small Cap Fund holds 1.45% of the stake in ETWO, owning 4,388,636 shares worth 27.6 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 Feb 27, 2023, ETWO reported revenue of $160.38M and operating income of -$6.90M. The EBITDA in the recently reported quarter was $47.90M and diluted EPS was -$0.04.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ETWO 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 ETWO analysts setting a high price target of $8.50 and a low target of $4.50, the average target price over the next 12 months is $5.93. Based on these targets, ETWO could surge 81.24% to reach the target high and fall by -4.05% to reach the target low. Reaching the average price target will result in a growth of 26.44% 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.
Summary of Insider Activity:
Insiders traded ETWO stock several times over the past three months with 8 Buys and 4 Sells. In these transactions, 384,001 shares were bought while 636,871 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 684,001 while 16,335,560 shares were sold.