Company’s 36-month beta value is 2.46.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for EB is 79.39M, and currently, short sellers hold a 11.74% ratio of that floaft. The average trading volume of EB on April 10, 2024 was 1.80M shares.
EB) stock’s latest price update
Eventbrite Inc (NYSE: EB) has experienced a rise in its stock price by 4.45 compared to its previous closing price of 5.62. However, the company has seen a gain of 12.24% in its stock price over the last five trading days. InvestorPlace reported 2024-04-09 that Many high-growth companies have been trading sideways for months or even years at depressed valuations. But as the old adage goes, the stock market is a weighing machine in the long-run.
EB’s Market Performance
EB’s stock has risen by 12.24% in the past week, with a monthly rise of 7.71% and a quarterly drop of -26.53%. The volatility ratio for the week is 5.36% while the volatility levels for the last 30 days are 4.83% for Eventbrite Inc The simple moving average for the last 20 days is 6.40% for EB’s stock, with a simple moving average of -30.70% for the last 200 days.
Analysts’ Opinion of EB
Many brokerage firms have already submitted their reports for EB stocks, with B. Riley Securities repeating the rating for EB by listing it as a “Buy.” The predicted price for EB in the upcoming period, according to B. Riley Securities is $13 based on the research report published on December 08, 2023 of the previous year 2023.
BWS Financial, on the other hand, stated in their research note that they expect to see EB reach a price target of $12. The rating they have provided for EB stocks is “Buy” according to the report published on November 27th, 2023.
KeyBanc Capital Markets gave a rating of “Overweight” to EB, setting the target price at $14 in the report published on July 27th of the previous year.
EB Trading at -14.26% 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 -50.69% of loss for the given period.
Volatility was left at 4.83%, however, over the last 30 days, the volatility rate increased by 5.36%, as shares surge +10.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.11% lower at present.
During the last 5 trading sessions, EB rose by +12.24%, which changed the moving average for the period of 200-days by -32.99% in comparison to the 20-day moving average, which settled at $5.55. In addition, Eventbrite Inc saw -29.78% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EB starting from Baker Charles, who sale 20,000 shares at the price of $5.52 back on Mar 15 ’24. After this action, Baker Charles now owns 357,839 shares of Eventbrite Inc, valued at $110,496 using the latest closing price.
Baker Charles, the Chief Financial Officer of Eventbrite Inc, sale 20,000 shares at $8.34 during a trade that took place back on Dec 15 ’23, which means that Baker Charles is holding 361,319 shares at $166,846 based on the most recent closing price.
Stock Fundamentals for EB
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- 0.68 for the gross margin
The net margin for Eventbrite Inc stands at -0.08. The total capital return value is set at -0.07. Equity return is now at value -14.78, with -2.93 for asset returns.
Based on Eventbrite Inc (EB), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.87. The interest coverage ratio of the stock is -7.21.
Currently, EBITDA for the company is -10.1 million with net debt to EBITDA at 10.01. When we switch over and look at the enterprise to sales, we see a ratio of 1.29. The receivables turnover for the company is 58.05for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.
Conclusion
In a nutshell, Eventbrite Inc (EB) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
