EPAM Systems Inc (NYSE: EPAM)’s stock price has gone rise by 3.13 in comparison to its previous close of 211.31, however, the company has experienced a 15.20% increase in its stock price over the last five trading days. accesswire.com reported 2024-07-18 that NEW YORK, NY / ACCESSWIRE / July 18, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of EPAM Systems, Inc. (“EPAM”) (NYSE:EPAM) concerning possible violations of federal securities laws. On May 8, 2024, Epam updated its guidance for the full year and 2Q that was below expectations.
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 29.83x compared to its average ratio. EPAM has 36-month beta value of 1.46. Analysts have mixed views on the stock, with 11 analysts rating it as a “buy,” 6 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for EPAM is 56.05M, and currently, short sellers hold a 2.52% ratio of that float. The average trading volume of EPAM on July 18, 2024 was 830.14K shares.
EPAM’s Market Performance
The stock of EPAM Systems Inc (EPAM) has seen a 15.20% increase in the past week, with a 24.98% rise in the past month, and a -12.48% fall in the past quarter. The volatility ratio for the week is 3.26%, and the volatility levels for the past 30 days are at 2.65% for EPAM. The simple moving average for the past 20 days is 16.24% for EPAM’s stock, with a -12.70% simple moving average for the past 200 days.
Analysts’ Opinion of EPAM
Many brokerage firms have already submitted their reports for EPAM stocks, with Jefferies repeating the rating for EPAM by listing it as a “Buy.” The predicted price for EPAM in the upcoming period, according to Jefferies is $237 based on the research report published on July 16, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see EPAM reach a price target of $200. The rating they have provided for EPAM stocks is “Neutral” according to the report published on June 24th, 2024.
Redburn Atlantic gave a rating of “Neutral” to EPAM, setting the target price at $195 in the report published on May 24th of the current year.
EPAM Trading at 15.96% 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 -31.36% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares surge +28.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.32% lower at present.
During the last 5 trading sessions, EPAM rose by +15.51%, which changed the moving average for the period of 200-days by -14.54% in comparison to the 20-day moving average, which settled at $189.89. In addition, EPAM Systems Inc saw -26.71% 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
- 0.29 for the gross margin
The net margin for EPAM Systems Inc stands at 0.09. The total capital return value is set at 0.13. Equity return is now at value 13.05, with 10.21 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 7.75. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 212.67.
Currently, EBITDA for the company is 618.96 million with net debt to EBITDA at -2.81. When we switch over and look at the enterprise to sales, we see a ratio of 2.33. The receivables turnover for the company is 4.99for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.68.
Conclusion
To put it simply, EPAM Systems Inc (EPAM) 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.
