Is E2open Parent Holdings Inc (NYSE: ETWO) Proving The Doubters Wrong?

E2open Parent Holdings Inc (ETWO) concluded trading on Wednesday at a closing price of $3.01, with 3.07 million shares of worth about $9.25 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -39.19% during that period and on November 20, 2024 the price saw a gain of about 1.01%. Currently the company’s common shares owned by public are about 306.06M shares, out of which, 235.73M shares are available for trading.

Stock saw a price change of -5.94% in past 5 days and over the past one month there was a price change of -2.59%. Year-to-date (YTD), ETWO shares are showing a performance of -31.44% which decreased to -14.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.89 but also hit the highest price of $5.07 during that period. The average intraday trading volume for E2open Parent Holdings Inc shares is 2.19 million. The stock is currently trading -3.14% below its 20-day simple moving average (SMA20), while that difference is down -15.72% for SMA50 and it goes to -27.93% lower than SMA200.

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E2open Parent Holdings Inc (NYSE: ETWO) currently have 306.06M outstanding shares and institutions hold larger chunk of about 80.87% of that.

The stock has a current market capitalization of $1.03B and its 3Y-monthly beta is at 0.98. It has posted earnings per share of -$2.56 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 0.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ETWO, volatility over the week remained 3.86% while standing at 3.75% over the month.

Stock’s fiscal year EPS is expected to drop by -0.96% while it is estimated to increase by 14.18% in next year. EPS is likely to grow at an annualized rate of 13.80% for next 5-years, compared to annual growth of -76.99% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on January 17, 2024 offering an Equal-weight rating for the stock and assigned a target price of $4 to it. Coverage by Redburn Atlantic stated E2open Parent Holdings Inc (ETWO) stock as a Neutral in their note to investors on October 12, 2023, suggesting a price target of $4 for the stock. Stock get a Hold rating from Craig Hallum on May 02, 2023.

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