Emerald Holding Inc (EEX) Falls -4.15%, Causing Bears To Lose

Emerald Holding Inc (NYSE:EEX) has a beta value of 1.37 and has seen 1.48 million shares traded in the last trading session. The company, currently valued at $942.16M, closed the last trade at $4.62 per share which meant it lost -$0.2 on the day or -4.15% during that session. The EEX stock price is -52.6% off its 52-week high price of $7.05 and 21.0% above the 52-week low of $3.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.07 million shares traded. The 3-month trading volume is 268.61K shares.

Emerald Holding Inc (NYSE:EEX) trade information

Sporting -4.15% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the EEX stock price touched $4.62 or saw a rise of 9.06%. Year-to-date, Emerald Holding Inc shares have moved -22.74%, while the 5-day performance has seen it change -5.91%. Over the past 30 days, the shares of Emerald Holding Inc (NYSE:EEX) have changed -13.32%. Short interest in the company has seen 2.28 million shares shorted with days to cover at 38.82.

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Emerald Holding Inc (EEX) estimates and forecasts

The company’s shares have lost -28.92% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 10.40%.

2 analysts offering their estimates for the company have set an average revenue estimate of 79.7M for the current quarter. 2 have an estimated revenue figure of 123.7M for the next ending quarter. Year-ago sales stood 72.9M and 101.5M respectively for this quarter and the next, and analysts expect sales will grow by 9.30% for the current quarter and 10.40% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -17.91% over the past 5 years. Earnings growth for 2024 is a modest 131.90% while over the next 5 years, the company’s earnings are expected to increase by 5.00%.

EEX Dividends

Emerald Holding Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.01 at a share yield of 0.32%. The company’s dividend yield has gone up over the past 12 months.

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

Insiders own 0.45% of the company shares, while shares held by institutions stand at 30.89% with a share float percentage of 31.02%. Investors are also buoyed by the number of investors in a company, with Emerald Holding Inc having a total of 96.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 5.56 million shares worth more than $31.62 million. As of 2024-06-30, VANGUARD GROUP INC held 8.8145% of shares outstanding.

The other major institutional holder is CANNELL CAPITAL LLC, with the holding of over 1.87 million shares as of 2024-06-30. The firm’s total holdings are worth over $10.64 million and represent 2.9669% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.42% shares in the company for having 4.94 shares of worth $22.81 million while later fund manager owns 416.32 shares of worth $1.92 million as of Aug 31, 2024 , which makes it owner of about 0.20% of company’s outstanding stock.