Everbridge Inc (NASDAQ: EVBG) – Analysts’ Revisions Show Sentiment Is Improving

Everbridge Inc (NASDAQ:EVBG) traded at $34.75 at last check on Tuesday, April 30, made an upward move of 0.52% on its previous day’s price.

Looking at the stock we see that its previous close was $34.57. In terms of its 52-week price range, EVBG has a high of $35.70 and a low of $18.50. The company’s stock has lost about -0.20% over that past 30 days.

Everbridge Inc has a market cap of $1.44 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.39, with the EPS growth for the year raised at $1.78 for 2024 and $1.87 for next year. These figures represent 20.30% and 5.10% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $112.1 million, with a low of $108.3 million and a high of $115.31 million. The median projection represents growth squeezing down to 3.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $463.16 million, or 3.20% up from figures reported last year.

On the other hand, looking at the outlook for the EVBG stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note the current price level is -0.30% off its SMA20 and 3.11% from its 50-day simple moving average. The RSI (14) is pointing at 62.37 while the volatility over the past week is 0.27% and jumps to 0.17% over the past one month. The beta value is 0.96, while the average true range (ATR) is currently pointing at 0.13.

Coming back to Everbridge Inc (NASDAQ:EVBG), we note that the average 3-month trading volume was 1.30 million. Current shares outstanding are 41.20 million.

The insiders hold 5.71% of the company’s shares while institutions hold 83.05%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 42.95% up in year-to-date price movement.

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