In the past week, EB stock has gone down by -5.69%, with a monthly decline of -14.55% and a quarterly plunge of -26.86%. The volatility ratio for the week is 4.40%, and the volatility levels for the last 30 days are 5.35% for Eventbrite Inc The simple moving average for the past 20 days is -7.78% for EB’s stock, with a -16.03% simple moving average for the past 200 days.
Is It Worth Investing in Eventbrite Inc (NYSE: EB) Right Now?
The 36-month beta value for EB is also noteworthy at 2.50. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for EB is $12.80, which is $5.34 above than the current price. The public float for EB is 78.47M, and at present, short sellers hold a 15.82% of that float. The average trading volume of EB on November 16, 2023 was 977.27K shares.
EB) stock’s latest price update
Eventbrite Inc (NYSE: EB) has seen a decline in its stock price by -0.27 in relation to its previous close of 7.48. However, the company has experienced a -5.69% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-01 that Eventbrite, Inc. (NYSE:EB ) Q3 2023 Results Conference Call November 1, 2023 5:00 PM ET Company Participants Katherine Chen – Head, IR Julia Hartz – Co-Founder, CEO Lanny Baker – CFO Conference Call Participants Justin Patterson – KeyBanc Cameron Mansson-Perrone – Morgan Stanley Katherine Chen Good afternoon, and welcome to Eventbrite’s Third Quarter 2023 Earnings Call. Prior to this call, we released our shareholder letter announcing our financial results, which can be found on our website at investor.eventbrite.com.
Analysts’ Opinion of EB
Many brokerage firms have already submitted their reports for EB stocks, with KeyBanc Capital Markets repeating the rating for EB by listing it as a “Overweight.” The predicted price for EB in the upcoming period, according to KeyBanc Capital Markets is $14 based on the research report published on July 27, 2023 of the current year 2023.
EB Trading at -16.79% from the 50-Day Moving Average
After a stumble in the market that brought EB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.34% of loss for the given period.
Volatility was left at 5.35%, however, over the last 30 days, the volatility rate increased by 4.40%, as shares sank -12.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.09% lower at present.
During the last 5 trading sessions, EB fell by -5.69%, which changed the moving average for the period of 200-days by -16.09% in comparison to the 20-day moving average, which settled at $8.04. In addition, Eventbrite Inc saw 27.30% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at EB starting from Sagi Vivek, who sale 100,568 shares at the price of $11.24 back on Aug 08. After this action, Sagi Vivek now owns 181,721 shares of Eventbrite Inc, valued at $1,130,606 using the latest closing price.
Taylor Julia D., the General Counsel of Eventbrite Inc, sale 36,187 shares at $7.00 during a trade that took place back on May 12, which means that Taylor Julia D. is holding 191,609 shares at $253,128 based on the most recent closing price.
Stock Fundamentals for EB
Current profitability levels for the company are sitting at:
- -17.91 for the present operating margin
- +62.01 for the gross margin
The net margin for Eventbrite Inc stands at -21.23. The total capital return value is set at -8.78, while invested capital returns managed to touch -10.47. Equity return is now at value -13.07, with -2.26 for asset returns.
Based on Eventbrite Inc (EB), the company’s capital structure generated 217.19 points at debt to equity in total, while total debt to capital is 68.47. Total debt to assets is 40.40, with long-term debt to equity ratio resting at 215.50. Finally, the long-term debt to capital ratio is 67.94.
When we switch over and look at the enterprise to sales, we see a ratio of 1.44, with the company’s debt to enterprise value settled at 1.34. The receivables turnover for the company is 105.23 and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.89.
In summary, Eventbrite Inc (EB) has had a mixed performance as of late. Analysts have bullish 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.