Reviewing The Case For EPAM Systems Inc (EPAM) Going Higher

Currently, there are 57.79M common shares owned by the public and among those 55.04M shares have been available to trade.

The company’s stock has a 5-day price change of 0.82% and 12.83% over the past three months. EPAM shares are trading -32.48% year to date (YTD), with the 12-month market performance down to -21.38% lower. It has a 12-month low price of $169.43 and touched a high of $317.50 over the same period. EPAM has an average intraday trading volume of 627.38K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.57%, 1.45%, and -17.99% respectively.

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Institutional ownership of EPAM Systems Inc (NYSE: EPAM) shares accounts for 95.28% of the company’s 57.79M shares outstanding.

It has a market capitalization of $11.43B and a beta (3y monthly) value of 1.45. The stock’s trailing 12-month PE ratio is 28.79, while the earnings-per-share (ttm) stands at $6.97. The company has a PEG of 4.75 and a Quick Ratio of 4.84 with the debt-to-equity ratio at 0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.03% over the week and 3.03% over the month.

Earnings per share for the fiscal year are expected to decrease by -3.04%, and 6.03% over the next financial year. EPS should shrink at an annualized rate of 6.06% over the next five years, compared to 10.74% over the past 5-year period.

Looking at the support for the EPAM, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on August 22, 2024, with the firm’s price target at $204. Jefferies was of a view on July 16, 2024 that the stock is Buy, while Goldman gave the stock Neutral rating on June 24, 2024, issuing a price target of $200. Redburn Atlantic on their part issued Neutral rating on May 24, 2024.

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