The stock of Edgio Inc. (EGIO) has seen a 6.25% increase in the past week, with a 12.58% gain in the past month, and a 64.03% flourish in the past quarter. The volatility ratio for the week is 23.22%, and the volatility levels for the past 30 days are at 12.21% for EGIO. The simple moving average for the past 20 days is 7.25% for EGIO’s stock, with a -6.85% simple moving average for the past 200 days.
Is It Worth Investing in Edgio Inc. (NASDAQ: EGIO) Right Now?
The 36-month beta value for EGIO is also noteworthy at 1.02. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for EGIO is $2.12, which is $1.27 above than the current price. The public float for EGIO is 219.36M, and at present, short sellers hold a 0.29% of that float. The average trading volume of EGIO on September 19, 2023 was 1.46M shares.
EGIO) stock’s latest price update
The stock price of Edgio Inc. (NASDAQ: EGIO) has jumped by 11.90 compared to previous close of 0.76. Despite this, the company has seen a gain of 6.25% in its stock price over the last five trading days. PennyStocks reported 2023-09-13 that What’s happening in the stock market today? Chances are, whether you’re looking for penny stocks to buy or trying to follow broader market trends, the Apple Even is on your schedule.
EGIO Trading at 9.93% 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 -73.19% of loss for the given period.
Volatility was left at 12.21%, however, over the last 30 days, the volatility rate increased by 23.22%, as shares surge +19.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.49% upper at present.
During the last 5 trading sessions, EGIO rose by +6.25%, which changed the moving average for the period of 200-days by -40.97% in comparison to the 20-day moving average, which settled at $0.7995. In addition, Edgio Inc. saw -24.78% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for EGIO
Current profitability levels for the company are sitting at:
- -28.64 for the present operating margin
- +27.66 for the gross margin
The net margin for Edgio Inc. stands at -40.32. The total capital return value is set at -28.92, while invested capital returns managed to touch -41.50. Equity return is now at value -74.70, with -32.90 for asset returns.
Based on Edgio Inc. (EGIO), the company’s capital structure generated 65.39 points at debt to equity in total, while total debt to capital is 39.54. Total debt to assets is 28.85, with long-term debt to equity ratio resting at 60.84. Finally, the long-term debt to capital ratio is 36.78.
When we switch over and look at the enterprise to sales, we see a ratio of 0.62, with the company’s debt to enterprise value settled at 0.54. The receivables turnover for the company is 4.55 and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
In summary, Edgio Inc. (EGIO) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
