A new trading day began on Tuesday, with Eventbrite Inc (NYSE: EB) stock price up 1.00% from the previous day of trading, before settling in for the closing price of $2.99. EB’s price has ranged from $2.51 to $10.40 over the past 52 weeks.
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Annual sales at Technology sector company grew by 16.58% over the past five years. Meanwhile, its annual earnings per share averaged 14.17%. With a float of $75.07 million, this company’s outstanding shares have now reached $85.61 million.
Let’s look at the performance matrix of the company that is accounted for 866 employees. In terms of profitability, gross margin is 68.51%, operating margin of -9.81%, and the pretax margin is -3.62%.
Eventbrite Inc (EB) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Eventbrite Inc is 21.89%, while institutional ownership is 76.89%. The most recent insider transaction that took place on Sep 13 ’24, was worth 60,626. In this transaction COO & CFO of this company sold 20,000 shares at a rate of $3.03, taking the stock ownership to the 628,152 shares. Before that another transaction happened on Sep 13 ’24, when Company’s Officer proposed sale 20,000 for $3.03, making the entire transaction worth $60,624.
Eventbrite Inc (EB) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.1 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.17% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 46.40% during the next five years compared to 31.15% growth over the previous five years of trading.
Eventbrite Inc (NYSE: EB) Trading Performance Indicators
Here are Eventbrite Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.85. Likewise, its price to free cash flow for the trailing twelve months is 180.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.10 in one year’s time.
Technical Analysis of Eventbrite Inc (EB)
Eventbrite Inc (NYSE: EB) saw its 5-day average volume 0.89 million, a negative change from its year-to-date volume of 1.81 million. As of the previous 9 days, the stock’s Stochastic %D was 35.19%. Additionally, its Average True Range was 0.18.
During the past 100 days, Eventbrite Inc’s (EB) raw stochastic average was set at 14.96%, which indicates a significant decrease from 38.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.20% in the past 14 days, which was lower than the 64.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.89, while its 200-day Moving Average is $5.78. Nevertheless, the first resistance level for the watch stands at $3.10 in the near term. At $3.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.23. If the price goes on to break the first support level at $2.96, it is likely to go to the next support level at $2.91. Assuming the price breaks the second support level, the third support level stands at $2.83.
Eventbrite Inc (NYSE: EB) Key Stats
With a market capitalization of 290.22 million, the company has a total of 97,115K Shares Outstanding. Currently, annual sales are 326,130 K while annual income is -26,480 K. The company’s previous quarter sales were 84,550 K while its latest quarter income was 1,060 K.
