Eventbrite Inc (NYSE: EB) has experienced a rise in its stock price by 1.08 compared to its previous closing price of 3.69. However, the company has seen a gain of 5.67% in its stock price over the last five trading days. zacks.com reported 2024-11-25 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is It Worth Investing in Eventbrite Inc (NYSE: EB) Right Now?
Moreover, the 36-month beta value for EB is 2.29. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for EB is 75.72M and currently, short sellers hold a 7.64% of that float. On November 27, 2024, EB’s average trading volume was 1.45M shares.
EB’s Market Performance
EB’s stock has seen a 5.67% increase for the week, with a 19.55% rise in the past month and a 18.41% gain in the past quarter. The volatility ratio for the week is 4.37%, and the volatility levels for the past 30 days are at 6.29% for Eventbrite Inc The simple moving average for the last 20 days is 6.85% for EB’s stock, with a simple moving average of -17.87% for the last 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 20.21% 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 -59.46% of loss for the given period.
Volatility was left at 6.29%, however, over the last 30 days, the volatility rate increased by 4.37%, as shares surge +16.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.51% upper at present.
During the last 5 trading sessions, EB rose by +5.67%, which changed the moving average for the period of 200-days by -58.37% in comparison to the 20-day moving average, which settled at $3.49. In addition, Eventbrite Inc saw -55.38% 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 August-deWilde Katherine, who sale 91,887 shares at the price of $3.49 back on Nov 13 ’24. After this action, August-deWilde Katherine now owns 206,590 shares of Eventbrite Inc, valued at $320,548 using the latest closing price.
Sagi Vivek, the Chief Technology Officer of Eventbrite Inc, sale 104,587 shares at $3.64 during a trade that took place back on Nov 12 ’24, which means that Sagi Vivek is holding 412,994 shares at $380,519 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 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 1.34. The interest coverage ratio of the stock is -2.92.
Currently, EBITDA for the company is 1.44 million with net debt to EBITDA at -14.78. When we switch over and look at the enterprise to sales, we see a ratio of 0.22. 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
To wrap up, the performance of Eventbrite Inc (EB) has been mixed 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.
