$1.92M in average volume shows that E2open Parent Holdings Inc (ETWO) is heading in the right direction

E2open Parent Holdings Inc (NYSE: ETWO) on Tuesday, plunged -0.69% from the previous trading day ,before settling in for the closing price of $4.36. Within the past 52 weeks, ETWO’s price has moved between $2.15 and $6.90.

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During the last 5-year period, the sales growth of Technology Sector giant was 27.40%. With a float of $242.18 million, this company’s outstanding shares have now reached $302.41 million.

Let’s determine the extent of company efficiency that accounts for 4017 employees.

E2open Parent Holdings Inc (ETWO) Insider Activity

Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of E2open Parent Holdings Inc is 21.72%, while institutional ownership is 79.78%. The most recent insider transaction that took place on Oct 05 ’23, was worth 53,518. In this transaction Chief Executive Officer of this company sold 13,000 shares at a rate of $4.12, taking the stock ownership to the 201,474 shares. Before that another transaction happened on Sep 05 ’23, when Company’s Chief Executive Officer sold 13,000 for $4.83, making the entire transaction worth $62,820. This insider now owns 214,474 shares in total.

E2open Parent Holdings Inc (ETWO) Earnings and Forecasts

As on 11/29/2023, Multinational firm has announced its last quarter scores, in which it reported $0.04 earnings per share (EPS) for the period topping the consensus outlook (set at $0.04) by $0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.

E2open Parent Holdings Inc (NYSE: ETWO) Trading Performance Indicators

E2open Parent Holdings Inc (ETWO) is currently performing well based on its current performance indicators. A quick ratio of 0.94 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.09. Likewise, its price to free cash flow for the trailing twelve months is 25.91.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.29 and is forecasted to reach 0.18 in one year’s time.

Technical Analysis of E2open Parent Holdings Inc (ETWO)

Looking closely at E2open Parent Holdings Inc (NYSE: ETWO), its last 5-days average volume was 1.21 million, which is a drop from its year-to-date volume of 1.91 million. As of the previous 9 days, the stock’s Stochastic %D was 65.83%. Additionally, its Average True Range was 0.16.

During the past 100 days, E2open Parent Holdings Inc’s (ETWO) raw stochastic average was set at 82.32%, which indicates a significant increase from 65.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.91% in the past 14 days, which was lower than the 52.32% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.13, while its 200-day Moving Average is $4.22. However, in the short run, E2open Parent Holdings Inc’s stock first resistance to watch stands at $4.40. Second resistance stands at $4.47. The third major resistance level sits at $4.52. If the price goes on to break the first support level at $4.28, it is likely to go to the next support level at $4.24. Should the price break the second support level, the third support level stands at $4.17.

E2open Parent Holdings Inc (NYSE: ETWO) Key Stats

Market capitalization of the company is 1.34 billion based on 305,999K outstanding shares. Right now, sales total 652,220 K and income totals -648,700 K. The company made 157,500 K in profit during its latest quarter, and -667,560 K in sales during its previous quarter.