Everus Construction Group Still Hasn’t Convinced Analysts?

AMMJ Stock

Everus Construction Group (NYSE:ECG) price closed lower on Tuesday, April 08, and dropping -0.40% below its previous close.

A look at the daily price movement shows that the last close reads $35.21, with intraday deals fluctuated between $34.36 and $36.96. The company’s P/E ratio in the trailing 12-month period read 12.46. Taking into account the 52-week price action we note that the stock hit a 52-week high of $77.93 and 52-week low of $31.38. The stock subtracted -8.29% on its value in the past month.

Everus Construction Group, which has a market valuation of $1.79 billion, is expected to release its quarterly earnings report on 2025-Feb-10.

Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.

The overview shows that ECG’s price is at present -6.58% off the SMA20 and -24.67% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.39, with weekly volatility standing at 8.07%. The indicator jumps to 6.50% when calculated based on the past 30 days. Everus Construction Group (NYSE:ECG)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 2.74. Considering analysts have assigned the stock a price target range of $55-$80 as the low and high respectively, we find the trailing 12-month average consensus price target to be $67.5. Based on this estimate, we see that current price is roughly -56.83% off the estimated low and -128.12% off the forecast high. Investors will no doubt be excited to see the share price fall to $67.5, which is the median consensus price, and at that level ECG would be -92.47% from current price.

An analysis of the Everus Construction Group (NYSE:ECG) stock in terms of its daily trading volume indicates that the 3-month average is 782.06K. However, this figure increases on the past 10-day timeline to an average of 0.89 million.

Current records show that the company has 50.98M in outstanding shares. The insiders’ percentage holdings are 0.47% of outstanding shares while the percentage share held by institutions stands at 73.06%. The stats also highlight that short interest as of 2025-03-14, stood at 1.29 million shares, which puts the short ratio at the time at 1.74. Notably, we see that shares short in March rose slightly given the previous month’s figure stood at 0.95 million. But the -46.66% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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