On Friday, Edgio Inc (NASDAQ: EGIO) opened lower -17.22% from the last session, before settling in for the closing price of $9.29. Price fluctuations for EGIO have ranged from $6.67 to $44.00 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 81.95% at the time writing. With a float of $3.27 million, this company’s outstanding shares have now reached $5.86 million.
In terms of profitability, gross margin is 26.94%, operating margin of -30.26%, and the pretax margin is -31.84%.
Edgio Inc (EGIO) Insider Updates
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Edgio Inc is 44.15%, while institutional ownership is 6.88%.
Edgio Inc (EGIO) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2023, the company posted -7.6 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -3.92) by -3.68. Wall Street market experts anticipate that the next fiscal year will bring earnings of -2.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 81.95% 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
Check out the current performance indicators for Edgio Inc (EGIO). In the past 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 0.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -27.56
Technical Analysis of Edgio Inc (EGIO)
Let’s dig in a bit further. During the last 5-days, its volume was 64680.0. That was inferior than the volume of 74448.0 it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 38.08%. Additionally, its Average True Range was 0.95.
During the past 100 days, Edgio Inc’s (EGIO) raw stochastic average was set at 4.01%, which indicates a significant decrease from 14.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 126.21% in the past 14 days, which was higher than the 110.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.09, while its 200-day Moving Average is $11.34. However, in the short run, Edgio Inc’s stock first resistance to watch stands at $9.18. Second resistance stands at $10.68. The third major resistance level sits at $11.73. If the price goes on to break the first support level at $6.64, it is likely to go to the next support level at $5.58. Assuming the price breaks the second support level, the third support level stands at $4.09.
Edgio Inc (NASDAQ: EGIO) Key Stats
There are currently 5,830K shares outstanding in the company with a market cap of 45.06 million. Presently, the company’s annual sales total 338,600 K according to its annual income of -136,520 K. Last quarter, the company’s sales amounted to 97,040 K and its income totaled -24,490 K.
