Eventbrite Inc (NYSE: EB) has experienced a rise in its stock price by 1.68 compared to its previous closing price of 3.58. However, the company has seen a gain of 7.37% in its stock price over the last five trading days. zacks.com reported 2024-11-12 that Eventbrite (EB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Is It Worth Investing in Eventbrite Inc (NYSE: EB) Right Now?
The 36-month beta value for EB is at 2.28. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for EB is 75.05M, and currently, shorts hold a 7.71% of that float. The average trading volume for EB on November 13, 2024 was 1.68M shares.
EB’s Market Performance
EB stock saw an increase of 7.37% in the past week, with a monthly gain of 36.33% and a quarterly increase of 25.95%. The volatility ratio for the week is 9.30%, and the volatility levels for the last 30 days are 6.27% for Eventbrite Inc (EB). The simple moving average for the past 20 days is 14.54% for EB’s stock, with a -24.03% simple moving average for the past 200 days.
Analysts’ Opinion of EB
Piper Sandler, on the other hand, stated in their research note that they expect to see EB reach a price target of $4, previously predicting the price at $9. The rating they have provided for EB stocks is “Neutral” according to the report published on August 09th, 2024.
EB Trading at 21.65% 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 -60.43% of loss for the given period.
Volatility was left at 6.27%, however, over the last 30 days, the volatility rate increased by 9.30%, as shares surge +26.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.18% upper at present.
During the last 5 trading sessions, EB rose by +7.37%, which changed the moving average for the period of 200-days by -57.87% in comparison to the 20-day moving average, which settled at $3.18. In addition, Eventbrite Inc saw -56.46% 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 Sagi Vivek, who proposed sale 104,587 shares at the price of $3.60 back on Nov 12 ’24. After this action, Sagi Vivek now owns shares of Eventbrite Inc, valued at $376,633 using the latest closing price.
Baker Charles, the COO & CFO of Eventbrite Inc, sale 20,000 shares at $3.03 during a trade that took place back on Sep 13 ’24, which means that Baker Charles is holding 628,152 shares at $60,626 based on the most recent closing price.
Stock Fundamentals for EB
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.69 for the gross margin
The net margin for Eventbrite Inc stands at -0.02. The total capital return value is set at -0.07. Equity return is now at value -4.53, with -0.91 for asset returns.
Based on Eventbrite Inc (EB), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.35. The interest coverage ratio of the stock is -4.84.
Currently, EBITDA for the company is -10.1 million with net debt to EBITDA at 15.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.18. The receivables turnover for the company is 11.14for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
In conclusion, Eventbrite Inc (EB) has had a mixed 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.
