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Edgio Inc. (EGIO) Reveals an Earnings Mystery

Edgio Inc. (NASDAQ:EGIO) went down by -8.28% from its latest closing price compared to the recent 1-year high of $5.55. The company’s stock price has collected -2.21% of loss in the last five trading sessions.

Is It Worth Investing in Edgio Inc. (NASDAQ :EGIO) Right Now?

Plus, the 36-month beta value for EGIO is at 0.84. Opinions of the stock are interesting as 5 analysts out of 7 who provided ratings for Edgio Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $3.29, which is $1.96 above the current price. EGIO currently public float of 218.11M and currently shorts hold a 1.61% ratio of that float. Today, the average trading volume of EGIO was 1.22M shares.

EGIO’s Market Performance

EGIO stocks went down by -2.21% for the week, with a monthly jump of 3.91% and a quarterly performance of -52.67%, while its annual performance rate touched -61.89%. The volatility ratio for the week stands at 5.90% while the volatility levels for the past 30 days are set at 7.37% for Edgio Inc. The simple moving average for the period of the last 20 days is 8.84% for EGIO stocks with a simple moving average of -51.49% for the last 200 days.

Analysts’ Opinion of EGIO

Cowen, on the other hand, stated in their research note that they expect to see EGIO reach a price target of $2.50, previously predicting the price at $5.75. The rating they have provided for EGIO stocks is “Market Perform” according to the report published on November 10th, 2022.

EGIO Trading at -3.59% from the 50-Day Moving Average

After a stumble in the market that brought EGIO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -76.04% of loss for the given period.

Volatility was left at 7.37%, however, over the last 30 days, the volatility rate increased by 5.90%, as shares surge +12.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.92% lower at present.

During the last 5 trading sessions, EGIO fell by -2.21%, which changed the moving average for the period of 200-days by -74.37% in comparison to the 20-day moving average, which settled at $1.2295. In addition, Edgio Inc. saw 17.70% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for EGIO

Current profitability levels for the company are sitting at:

  • -15.61 for the present operating margin
  • +26.45 for the gross margin

The net margin for Edgio Inc. stands at -25.16. Equity return is now at value -36.80, with -18.90 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 3.65.

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