The stock of EPAM Systems Inc (EPAM) has seen a -20.13% decrease in the past week, with a -28.69% drop in the past month, and a -33.75% decrease in the past quarter. The volatility ratio for the week is 2.54%, and the volatility levels for the past 30 days are at 2.37% for EPAM. The simple moving average for the last 20 days is -22.71% for EPAM’s stock, with a simple moving average of -28.24% for the last 200 days.
Is It Worth Investing in EPAM Systems Inc (NYSE: EPAM) Right Now?
EPAM Systems Inc (NYSE: EPAM) has a higher price-to-earnings ratio of 26.95x compared to its average ratio, The 36-month beta value for EPAM is at 1.49. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 6 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for EPAM is 56.00M, and currently, shorts hold a 1.31% of that float. The average trading volume for EPAM on May 09, 2024 was 516.37K shares.
EPAM) stock’s latest price update
EPAM Systems Inc (NYSE: EPAM)’s stock price has dropped by -23.66 in relation to previous closing price of 249.20. Nevertheless, the company has seen a loss of -20.13% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-17 that EPAM Systems is a US company that provides software engineering and product development services across 55 countries. Share performance has been lackluster recently, with a decline of over -13% in the past year. Despite near-term challenges, EPAM remains a cash-rich business with potential for future growth in demand, driven by secular enterprise AI trends.
Analysts’ Opinion of EPAM
Many brokerage firms have already submitted their reports for EPAM stocks, with Morgan Stanley repeating the rating for EPAM by listing it as a “Equal-Weight.” The predicted price for EPAM in the upcoming period, according to Morgan Stanley is $225 based on the research report published on April 26, 2024 of the current year 2024.
Guggenheim, on the other hand, stated in their research note that they expect to see EPAM reach a price target of $350. The rating they have provided for EPAM stocks is “Buy” according to the report published on March 19th, 2024.
Scotiabank gave a rating of “Sector Outperform” to EPAM, setting the target price at $350 in the report published on February 16th of the current year.
EPAM Trading at -29.96% from the 50-Day Moving Average
After a stumble in the market that brought EPAM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.08% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares sank -29.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.31% lower at present.
During the last 5 trading sessions, EPAM fell by -20.87%, which changed the moving average for the period of 200-days by -19.61% in comparison to the 20-day moving average, which settled at $242.25. In addition, EPAM Systems Inc saw -36.02% 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 EPAM starting from Dobkin Arkadiy, who sale 9,300 shares at the price of $300.17 back on Mar 15 ’24. After this action, Dobkin Arkadiy now owns 1,275,311 shares of EPAM Systems Inc, valued at $2,791,581 using the latest closing price.
Dobkin Arkadiy, the CEO, President, Chairman of EPAM Systems Inc, sale 18,865 shares at $301.79 during a trade that took place back on Mar 14 ’24, which means that Dobkin Arkadiy is holding 1,223,611 shares at $5,693,268 based on the most recent closing price.
Stock Fundamentals for EPAM
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.3 for the gross margin
The net margin for EPAM Systems Inc stands at 0.09. The total capital return value is set at 0.14. Equity return is now at value 12.89, with 9.98 for asset returns.
Based on EPAM Systems Inc (EPAM), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 6.98. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -217.46.
Currently, EBITDA for the company is 618.96 million with net debt to EBITDA at -2.86. When we switch over and look at the enterprise to sales, we see a ratio of 1.94. The receivables turnover for the company is 5.23for trailing twelve months and the total asset turnover is 1.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.79.
Conclusion
In conclusion, EPAM Systems Inc (EPAM) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
