Edgio Inc (NASDAQ:EGIO) Shares Are Up 38.24% From The Lows, But Can They Stay Up?

In last trading session, Edgio Inc (NASDAQ:EGIO) saw 59228.0 shares changing hands with its beta currently measuring 0.52. Company’s recent per share price level of $10.80 trading at -$0.22 or -2.00% at ring of the bell on the day assigns it a market valuation of $63.29M. That closing price of EGIO’s stock is at a discount of -307.41% from its 52-week high price of $44.00 and is indicating a premium of 38.24% from its 52-week low price of $6.67. Taking a look at company’s average trading volume volume of 112.59K if we extend that period to 3-months.

For Edgio Inc (EGIO), analysts’ consensus is at an average recommendation of Strong Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Edgio Inc (NASDAQ:EGIO) trade information

Upright in the red during last session for losing -2.00%, in the last five days EGIO remained trading in the green while hitting it’s week-highest on Wednesday, 07/03/24 when the stock touched $10.80 price level, adding 8.09% to its value on the day. Edgio Inc’s shares saw a change of -21.17% in year-to-date performance and have moved 11.46% in past 5-day. Edgio Inc (NASDAQ:EGIO) showed a performance of 11.34% in past 30-days.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -60.63% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 48.87% while estimates for its earnings growth in next 5 years are of 15.00%.

EGIO Dividends

Edgio Inc is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.