In today’s recent session, 1.88 million shares of the E2open Parent Holdings Inc (NYSE:ETWO) have been traded, and its beta is 0.98. Most recently the company’s share price was $2.97, and it changed around -$0.01 or -0.21% from the last close, which brings the market valuation of the company to $1.02B. ETWO at last check was trading at a discount to its 52-week high of $5.07, offering almost -70.71% off that amount. The share price’s 52-week low was $2.89, which indicates that the recent value has risen by an impressive 2.69% since then. We note from E2open Parent Holdings Inc’s average daily trading volume that its 10-day average is 1.45 million shares, with the 3-month average coming to 2.19 million.
E2open Parent Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.20. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 5 recommended ETWO as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. E2open Parent Holdings Inc is expected to report earnings per share of 0.05 for the current quarter.
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E2open Parent Holdings Inc (NYSE:ETWO) trade information
Instantly ETWO has been showing red trend so far today with a performance of -0.21% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.19 on recent trading dayincreased the stock’s daily price by 6.9%. The company’s shares are currently down -32.26% year-to-date, but still down -7.08% over the last five days. On the other hand, E2open Parent Holdings Inc (NYSE:ETWO) is -3.77% down in the 30-day period. We can see from the shorts that 13.82 million shares have been sold at a short interest cover period of 6.66 day(s).
The consensus price target as assigned by Wall Street analysts is $4.5, which translates to bulls needing to increase their stock price by 34.0% from its current value. Analyst projections state that ETWO is forecast to be at a low of $4.2 and a high of $4.5.
E2open Parent Holdings Inc (ETWO) estimates and forecasts
E2open Parent Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -39.93 percent over the past six months and at a 0.00% annual growth rate that is well below the industry average of 25.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 24.47% in revenue this quarter, and will report an increase of 3.88% in the next quarter. The year-over-year growth rate is expected to be -3.10%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 152.88M in revenue for the current quarter. 4 analysts expect E2open Parent Holdings Inc to make 155.82M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 157.5M and 158.45M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -2.93%. Forecasts for the next quarter put sales growth at -1.66%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -76.99%. E2open Parent Holdings Inc earnings are expected to increase by -0.96% in 2024, but the outlook is positive 13.80% per year for the next five years.
ETWO Dividends
E2open Parent Holdings Inc’s next quarterly earnings report is expected to be released in December.
E2open Parent Holdings Inc (NYSE:ETWO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.66% of E2open Parent Holdings Inc shares, and 111.24% of them are in the hands of institutional investors. The stock currently has a share float of 115.47%. E2open Parent Holdings Inc stock is held by 200.0 institutions, with INSIGHT HOLDINGS GROUP, LLC being the largest institutional investor. By 2024-06-30, it held 16.2458% of the shares, which is about 49.83 million shares worth $223.74 million.
FRANCISCO PARTNERS MANAGEMENT, LP, with 12.6169% or 38.7 million shares worth $173.76 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 6.94 shares worth $20.71 million, making up 2.25% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 5.4 shares worth around $16.11 million, which represents about 1.75% of the total shares outstanding.
