Edgio Inc (NASDAQ:EGIO) price is hovering higher on Monday, April 15, jumping 18.78% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $17.84. Taking into account the 52-week price action we note that the stock hit a 52-week high of $44.00 and 52-week low of $6.67. The stock added 195.54% on its value in the past month.
Edgio Inc, which has a market valuation of $124.17 million. Analysts tracking EGIO have forecast the quarterly EPS to shrink by -0.93 per share this quarter, while the same analysts predict the annual EPS to hit -$10.53 for the year 2024 and up to -$3.33 for 2024. In this case, analysts estimate an annual EPS growth of -5.30% for the year and 68.40% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $97.5 million, with the likely lows of $97.5 million and highs of $97.5 million. The average estimate suggests sales growth for the quarter will likely rise by 14.50% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $395.12 million for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 16.70% above that which the company brought in 2023.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give EGIO a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that EGIO’s price is at present 96.34% off the SMA20 and 116.41% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 83.24, with weekly volatility standing at 19.53%. The indicator jumps to 14.86% when calculated based on the past 30 days. Edgio Inc (NASDAQ:EGIO)’s beta value is holding at 0.23, while the average true range (ATR) indicator is currently reading 1.90.
An analysis of the Edgio Inc (NASDAQ:EGIO) stock in terms of its daily trading volume indicates that the 3-month average is 81.87K.
Current records show that the company has 5.86M in outstanding shares. The insiders’ percentage holdings are 42.73% of outstanding shares while the percentage share held by institutions stands at 12.31%. But the 54.67% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
