The stock of Eventbrite Inc (NYSE: EB) has increased by 5.65 when compared to last closing price of 3.36. Despite this, the company has experienced a -1.66% fall in its stock price over the last five trading sessions. zacks.com reported 2024-12-16 that Eventbrite’s free-tier model boosts creator acquisition, while its expanding consumer reach signals growth potential despite ticket volume declines.
Is It Worth Investing in Eventbrite Inc (NYSE: EB) Right Now?
EB has 36-month beta value of 2.28. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 4 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 75.79M, and currently, short sellers hold a 5.70% ratio of that float. The average trading volume of EB on December 26, 2024 was 1.47M shares.
EB’s Market Performance
EB stock saw a decrease of -1.66% in the past week, with a monthly decline of -1.66% and a quarterly a decrease of 30.51%. The volatility ratio for the week is 5.55%, and the volatility levels for the last 30 days are 5.59% for Eventbrite Inc (EB). The simple moving average for the last 20 days is -2.35% for EB stock, with a simple moving average of -15.76% 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 3.60% 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 -61.41% of loss for the given period.
Volatility was left at 5.59%, however, over the last 30 days, the volatility rate increased by 5.55%, as shares sank -3.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.96% upper at present.
During the last 5 trading sessions, EB fell by -1.66%, which changed the moving average for the period of 200-days by -33.02% in comparison to the 20-day moving average, which settled at $3.64. In addition, Eventbrite Inc saw -57.54% 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 $3.55 back on Dec 13 ’24. After this action, Baker Charles now owns 617,487 shares of Eventbrite Inc, valued at $71,050 using the latest closing price.
CHARLES C BAKER, the Officer of Eventbrite Inc, proposed sale 20,000 shares at $3.55 during a trade that took place back on Dec 13 ’24, which means that CHARLES C BAKER is holding shares at $71,048 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 0.17. 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 put it simply, Eventbrite Inc (EB) has had a bad 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.
