E2open Parent Holdings Inc (ETWO) 20 Days SMA touches -19.05%: The odds favor the bear

E2open Parent Holdings Inc (NYSE: ETWO) on Monday, plunged -5.00% from the previous trading day, before settling in for the closing price of $3.20. Within the past 52 weeks, ETWO’s price has moved between $2.77 and $5.07.

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Technology Sector giant saw their annual sales surged by 19.88% over the last five years. The company achieved an average annual earnings per share of -0.96%. With a float of $235.39 million, this company’s outstanding shares have now reached $306.06 million.

The firm has a total of 3916 workers. Let’s measure their productivity. In terms of profitability, gross margin is 46.49%, operating margin of -125.88%, and the pretax margin is -141.46%.

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 24.65%, while institutional ownership is 80.51%.

E2open Parent Holdings Inc (ETWO) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -0.96% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.14% during the next five years compared to -76.99% drop over the previous five years of trading.

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 1.00 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 1.53. Likewise, its price to free cash flow for the trailing twelve months is 17.07.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.56, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.21 in one year’s time.

Technical Analysis of E2open Parent Holdings Inc (ETWO)

Analysing the last 5-days average volume posted by the [E2open Parent Holdings Inc, ETWO], we can find that recorded value of 2.42 million was better than the volume posted last year of 2.06 million. As of the previous 9 days, the stock’s Stochastic %D was 15.07%. Additionally, its Average True Range was 0.19.

During the past 100 days, E2open Parent Holdings Inc’s (ETWO) raw stochastic average was set at 3.78%, which indicates a significant decrease from 5.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 106.69% in the past 14 days, which was higher than the 56.39% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.08, while its 200-day Moving Average is $4.26. Now, the first resistance to watch is $3.14. This is followed by the second major resistance level at $3.24. The third major resistance level sits at $3.30. If the price goes on to break the first support level at $2.98, it is likely to go to the next support level at $2.92. Should the price break the second support level, the third support level stands at $2.82.

E2open Parent Holdings Inc (NYSE: ETWO) Key Stats

Market capitalization of the company is 949.70 million based on 340,659K outstanding shares. Right now, sales total 634,550 K and income totals -1,070 M. The company made 152,190 K in profit during its latest quarter, and -29,860 K in sales during its previous quarter.