Now Is A Good Time To Buy Emerald Holding Inc (NYSE: EEX)

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During the last session, Emerald Holding Inc (NYSE:EEX)’s traded shares were 1.5 million, with the beta value of the company hitting 1.38. At the end of the trading day, the stock’s price was $4.69, reflecting an intraday loss of -3.89% or -$0.19. The 52-week high for the EEX share is $7.05, that puts it down -50.32 from that peak though still a striking 22.17% gain since the share price plummeted to a 52-week low of $3.65. The company’s market capitalization is $956.43M, and the average intraday trading volume over the past 10 days was 0.7 million shares, and the average trade volume was 235.28K shares over the past three months.

Emerald Holding Inc (NYSE:EEX) trade information

Emerald Holding Inc (EEX) registered a -3.89% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.89% in intraday trading to $4.69, hitting a weekly high. The stock’s 5-day price performance is -12.99%, and it has moved by -9.81% in 30 days. Based on these gigs, the overall price performance for the year is 16.09%. The short interest in Emerald Holding Inc (NYSE:EEX) is 2.28 million shares and it means that shorts have 38.82 day(s) to cover.

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Emerald Holding Inc (EEX) estimates and forecasts

In the rating firms’ projections, revenue will increase 10.40% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 79.7M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 123.7M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 72.9M and 101.5M respectively. In this case, analysts expect current quarter sales to grow by 9.30% and then jump by 21.90% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -17.91%. While earnings are projected to return 131.90% in 2024, the next five years will return 5.00% per annum.

EEX Dividends

Emerald Holding Inc is due to release its next quarterly earnings in October. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Emerald Holding Inc is 0.01, with the dividend yield indicating at 0.32 percent, continuing the trend of increasing dividends in recent years.

Emerald Holding Inc (NYSE:EEX)’s Major holders

Emerald Holding Inc insiders own 0.45% of total outstanding shares while institutional holders control 30.89%, with the float percentage being 31.02%. VANGUARD GROUP INC is the largest shareholder of the company, while 96.0 institutions own stock in it. As of 2024-06-30, the company held over 5.56 million shares (or 8.8145% of all shares), a total value of $31.62 million in shares.

The next largest institutional holding, with 1.87 million shares, is of CANNELL CAPITAL LLC’s that is approximately 2.9669% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.64 million.