November 20, 2023, Edgio Inc (NASDAQ: EGIO) trading session started at the price of $0.5618, that was -3.77% drop from the session before. During the day, the shares moved up to $0.59 and dropped to $0.51 before settling in for the closing price of $0.56. A 52-week range for EGIO has been $0.45 – $1.79.
Elon Musk just Triggered a BOOM in These Stocks
Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"
Click Here to Download the FREE Report.
Sponsored
Technology Sector giant saw their annual sales surged by 15.83% over the last five years. When this article was written, the company’s average yearly earnings per share was at -56.67%. With a float of $138.26 million, this company’s outstanding shares have now reached $222.23 million.
The firm has a total of 980 workers. Let’s measure their productivity. In terms of profitability, gross margin is +27.66, operating margin of -28.64, and the pretax margin is -46.54.
Edgio Inc (EGIO) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Edgio Inc stocks. The insider ownership of Edgio Inc is 38.68%, while institutional ownership is 17.74%.
Edgio Inc (EGIO) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted -$0.07 earnings per share (EPS) during the time that was better than consensus figure (set at -$0.07) by $0. This company achieved a net margin of -40.32 while generating a return on equity of -71.68. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -56.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -60.63% drop over the previous five years of trading.
Edgio Inc (NASDAQ: EGIO) Trading Performance Indicators
You can see what Edgio Inc (EGIO) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.69, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.11 in one year’s time.
Technical Analysis of Edgio Inc (EGIO)
Analysing the last 5-days average volume posted by the [Edgio Inc, EGIO], we can find that recorded value of 1.34 million was better than the volume posted last year of 0.99 million. As of the previous 9 days, the stock’s Stochastic %D was 11.33%. Additionally, its Average True Range was 0.08.
During the past 100 days, Edgio Inc’s (EGIO) raw stochastic average was set at 4.92%, which indicates a significant decrease from 9.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.81% in the past 14 days, which was lower than the 68.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7875, while its 200-day Moving Average is $0.7855. Now, the first resistance to watch is $0.5827. This is followed by the second major resistance level at $0.6263. The third major resistance level sits at $0.6627. If the price goes on to break the first support level at $0.5027, it is likely to go to the next support level at $0.4663. Should the price break the second support level, the third support level stands at $0.4227.
Edgio Inc (NASDAQ: EGIO) Key Stats
There are 224,956K outstanding shares of the company, which has a market capitalization of 121.53 million. As of now, sales total 338,600 K while income totals -136,520 K. Its latest quarter income was 95,770 K while its last quarter net income were -35,650 K.