Edgio Inc (EGIO) EPS growth this year is 66.07%: Get Prepared for Trading Lift Off

Edgio Inc (NASDAQ: EGIO) started the day on Thursday, with a price increase of 30.22% at $17.28, before settling in for the price of $13.27 at the close. Taking a more long-term approach, EGIO posted a 52-week range of $6.67-$44.00.

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Meanwhile, its Annual Earning per share during the time was -60.63%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 66.07%. This publicly-traded company’s shares outstanding now amounts to $5.86 million, simultaneously with a float of $3.35 million. The organization now has a market capitalization sitting at $101.26 million. At the time of writing, stock’s 50-day Moving Average stood at $9.64, while the 200-day Moving Average is $21.63.

Edgio Inc (EGIO) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Software – Infrastructure Industry. Edgio Inc’s current insider ownership accounts for 42.73%, in contrast to 12.31% institutional ownership.

Edgio Inc (EGIO) Earnings and Revenue Records

In the latest quarterly report released, which was put into the public domain on 9/29/2023, the organization reported -$2.8 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -$2.82) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.48 per share during the current fiscal year.

Edgio Inc’s EPS increase for this current 12-month fiscal period is 66.07%. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 15.00% through the next 5 years, which can be compared against the -60.63% growth it accomplished over the previous five years trading on the market.

Edgio Inc (NASDAQ: EGIO) Trading Performance Indicators

Let’s observe the current performance indicators for Edgio Inc (EGIO). It’s Quick Ratio in the last reported quarter now stands at 0.85. The Stock has managed to achieve an average true range (ATR) of 1.64. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.27.

In the same vein, EGIO’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -27.56, a figure that is expected to reach -1.20 in the next quarter.

Technical Analysis of Edgio Inc (EGIO)

If we take a close look at the recent performances of Edgio Inc (NASDAQ: EGIO), its last 5-days Average volume was 0.25 million that shows progress from its year to date volume of 73130.0. During the previous 9 days, stock’s Stochastic %D was recorded 86.98% While, its Average True Range was 1.83.

Raw Stochastic average of Edgio Inc (EGIO) in the period of the previous 100 days is set at 52.81%, which indicates a major fall in contrast to 87.87% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 140.81% that was higher than 136.57% volatility it exhibited in the past 100-days period.