This Week’s -82.48% Loss In Edgio Inc (NASDAQ: EGIO) Taught Us Something New

Edgio Inc (NASDAQ:EGIO)’s traded shares stood at 1.3 million during the latest session, with the company’s beta value hitting 0.63. At the last check today, the stock’s price was $1.13, to imply an increase of 15.48% or $0.15 in intraday trading. The EGIO share’s 52-week high remains $44.00, putting it -3793.81% down since that peak but still an impressive 36.28% since price per share fell to its 52-week low of $0.72. The company has a valuation of $6.62M, with an average of 1.93 million shares in intraday trading volume over the past 10 days and average of 346.17K shares over the past 3 months.

Analysts have given a consensus recommendation of Strong Buy for Edgio Inc (EGIO), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give EGIO a Sell rating. 1 of those analysts rate the stock as Overweight while 0 advise Hold as 0 recommend it as a Buy.

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Edgio Inc (NASDAQ:EGIO) trade information

After registering a 15.48% upside in the latest session, Edgio Inc (EGIO) has traded red over the past five days. The 5-day price performance for the stock is -82.48%, and -87.44% over 30 days. With these gigs, the year-to-date price performance is -91.75%. Short interest in Edgio Inc (NASDAQ:EGIO) saw shorts transact 0.33 million shares and set a 8.92 days time to cover.

EGIO Dividends

Edgio Inc has its next earnings report out on 2023-Nov-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Edgio Inc (NASDAQ:EGIO)’s Major holders

Edgio Inc insiders hold 3.72% of total outstanding shares, with institutional holders owning 41.05% of the shares at 42.64% float percentage. In total, 41.05% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 0.15 million shares (or 0.0687% of shares), all amounting to roughly $1.68 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 54420.0 shares, or about 0.0243% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.59 million.