In the past week, EB stock has gone down by -13.29%, with a monthly decline of -7.45% and a quarterly plunge of -33.03%. The volatility ratio for the week is 4.65%, and the volatility levels for the last 30 days are 4.73% for Eventbrite Inc The simple moving average for the past 20 days is -8.81% for EB’s stock, with a -39.30% simple moving average for the past 200 days.
Is It Worth Investing in Eventbrite Inc (NYSE: EB) Right Now?
Moreover, the 36-month beta value for EB is 2.45. Analysts have varying 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 79.49M and currently, short sellers hold a 12.11% of that float. On April 17, 2024, EB’s average trading volume was 1.83M shares.
EB) stock’s latest price update
Eventbrite Inc (NYSE: EB)’s stock price has decreased by -2.30 compared to its previous closing price of 5.21. However, the company has seen a -13.29% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-15 that Eventbrite could potentially leverage on its new $100 million share repurchase plan to buy back its own undervalued shares aggressively. There is a good chance of Eventbrite’s actual Q1 2024 EBITDA beating the market’s expectations, considering the rapid growth in the company’s non-ticketing businesses. I award a Buy rating to Eventbrite stock, as I have identified potential catalysts which might re-rate the company’s shares.
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 -22.34% 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 -57.24% of loss for the given period.
Volatility was left at 4.73%, however, over the last 30 days, the volatility rate increased by 4.65%, as shares sank -11.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.81% lower at present.
During the last 5 trading sessions, EB fell by -13.29%, which changed the moving average for the period of 200-days by -46.42% in comparison to the 20-day moving average, which settled at $5.55. In addition, Eventbrite Inc saw -39.11% 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 1.05. 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
To wrap up, the performance of Eventbrite Inc (EB) has been bad in recent times. The stock has received a mixed of “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.
