The stock of Everest Group Ltd (EG) has seen a 1.65% increase in the past week, with a -0.80% drop in the past month, and a -1.42% decrease in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 1.86% for EG. The simple moving average for the last 20 days is 2.16% for EG stock, with a simple moving average of -2.49% for the last 200 days.
Is It Worth Investing in Everest Group Ltd (NYSE: EG) Right Now?
Everest Group Ltd (NYSE: EG) has a higher price-to-earnings ratio of 5.76x compared to its average ratio, The 36-month beta value for EG is at 0.65. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for EG is 32.70M, and currently, shorts hold a 1.77% of that float. The average trading volume for EG on January 09, 2025 was 418.36K shares.
EG) stock’s latest price update
Everest Group Ltd (NYSE: EG)’s stock price has decreased by -0.70 compared to its previous closing price of 371.02. However, the company has seen a 1.65% increase in its stock price over the last five trading sessions. businesswire.com reported 2025-01-08 that HAMILTON, Bermuda–(BUSINESS WIRE)–Everest Group, Ltd., a global underwriting leader providing best-in-class property, casualty and specialty insurance and reinsurance solutions, today announced that Jim Williamson, Executive Vice President and Group Chief Operating Officer, has been named Acting CEO, and accordingly has joined Everest’s Board of Directors, both with immediate effect. Juan C. Andrade, who has served as President and CEO since 2020, has stepped down from his role to pursue a ne.
Analysts’ Opinion of EG
Many brokerage firms have already submitted their reports for EG stocks, with Jefferies repeating the rating for EG by listing it as a “Hold.” The predicted price for EG in the upcoming period, according to Jefferies is $429 based on the research report published on November 26, 2024 of the previous year 2024.
Barclays, on the other hand, stated in their research note that they expect to see EG reach a price target of $527. The rating they have provided for EG stocks is “Overweight” according to the report published on September 05th, 2024.
Citigroup gave a rating of “Neutral” to EG, setting the target price at $375 in the report published on February 12th of the previous year.
EG Trading at 0.04% from the 50-Day Moving Average
After a stumble in the market that brought EG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.54% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares surge +0.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.95% lower at present.
During the last 5 trading sessions, EG rose by +1.65%, which changed the moving average for the period of 200-days by -4.10% in comparison to the 20-day moving average, which settled at $360.65. In addition, Everest Group Ltd saw 1.65% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EG starting from WILLIAMSON JAMES ALLAN, who sale 200 shares at the price of $370.00 back on Nov 14 ’24. After this action, WILLIAMSON JAMES ALLAN now owns 15,009 shares of Everest Group Ltd, valued at $74,000 using the latest closing price.
WILLIAMSON JAMES ALLAN, the Officer of Everest Group Ltd, proposed sale 200 shares at $370.00 during a trade that took place back on Nov 14 ’24, which means that WILLIAMSON JAMES ALLAN is holding shares at $74,000 based on the most recent closing price.
Stock Fundamentals for EG
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 1.0 for the gross margin
The net margin for Everest Group Ltd stands at 0.17. The total capital return value is set at 0.1. Equity return is now at value 20.86, with 5.80 for asset returns.
Based on Everest Group Ltd (EG), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 1.61. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 38.6.
Currently, EBITDA for the company is -23.5 million with net debt to EBITDA at -58.13. When we switch over and look at the enterprise to sales, we see a ratio of 1.08. The receivables turnover for the company is 3.03for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
In conclusion, Everest Group Ltd (EG) 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
