Edgio Inc (EGIO) Stock: Analyzing the Quarterly Movement

The stock of Edgio Inc (EGIO) has gone up by 15.67% for the week, with a 19.78% rise in the past month and a -19.53% drop in the past quarter. The volatility ratio for the week is 11.19%, and the volatility levels for the past 30 days are 12.82% for EGIO. The simple moving average for the past 20 days is 25.17% for EGIO’s stock, with a -50.87% simple moving average for the past 200 days.

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

EGIO has 36-month beta value of 0.41. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for EGIO is 3.36M, and currently, short sellers hold a 5.31% ratio of that float. The average trading volume of EGIO on April 04, 2024 was 56.18K shares.

EGIO) stock’s latest price update

Edgio Inc (NASDAQ: EGIO)’s stock price has soared by 8.34 in relation to previous closing price of 9.95. Nevertheless, the company has seen a gain of 15.67% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-22 that The mean of analysts’ price targets for Edgio, Inc. (EGIO) points to a 245.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

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 16.27% 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 -75.50% of loss for the given period.

Volatility was left at 12.82%, however, over the last 30 days, the volatility rate increased by 11.19%, as shares surge +32.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.57% upper at present.

During the last 5 trading sessions, EGIO rose by +15.67%, which changed the moving average for the period of 200-days by -42.66% in comparison to the 20-day moving average, which settled at $8.74. In addition, Edgio Inc saw -21.31% 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:

  • -0.35 for the present operating margin
  • 0.29 for the gross margin

The net margin for Edgio Inc stands at -0.4. The total capital return value is set at -0.44. Equity return is now at value -68.35, with -30.00 for asset returns.

Based on Edgio Inc (EGIO), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -0.28. The debt to equity ratio resting at 0.87. The interest coverage ratio of the stock is -18.98.

Currently, EBITDA for the company is -62.37 million with net debt to EBITDA at -1.07. When we switch over and look at the enterprise to sales, we see a ratio of 6.92. The receivables turnover for the company is 5.58for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.

Conclusion

To put it simply, Edgio Inc (EGIO) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.

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