ServiceSource International Inc. [NASDAQ: SREV] stock went on a downward path that fall over -1.43% on Friday, amounting to a one-week price decrease of less than -1.43%. The company report on October 29, 2020 that ServiceSource International, Inc. to Host Earnings Call.
ServiceSource International, Inc. (NASDAQ:SREV) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on October 29, 2020 at 9:30 AM Eastern Time.
To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/69573.
Over the last 12 months, SREV stock dropped by -12.66%. The one-year ServiceSource International Inc. stock forecast points to a potential upside of 31.0. The average equity rating for SREV stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $135.20 million, with 95.96 million shares outstanding and 90.91 million shares in the current float. Compared to the average trading volume of 190.31K shares, SREV stock reached a trading volume of 4849567 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on ServiceSource International Inc. [SREV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SREV shares is $2.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SREV stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
B. Riley FBR have made an estimate for ServiceSource International Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 21, 2019. While these analysts kept the previous recommendation, B. Riley FBR dropped their target price from $3 to $2. The new note on the price target was released on November 08, 2018, representing the official price target for ServiceSource International Inc. stock.
The Average True Range (ATR) for ServiceSource International Inc. is set at 0.08, with the Price to Sales ratio for SREV stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 1.75, with the Price to Cash per share for the same quarter was set at 0.40. Price to Free Cash Flow for SREV in the course of the last twelve months was 64.38 with Quick ratio for the last quarter at 1.70.
SREV Stock Performance Analysis:
ServiceSource International Inc. [SREV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.43. With this latest performance, SREV shares gained by 4.55% in over the last four-week period, additionally sinking by -15.34% over the last 6 months – not to mention a drop of -12.66% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SREV stock in for the last two-week period is set at 46.61, with the RSI for the last a single of trading hit 46.30, and the three-weeks RSI is set at 47.44 for ServiceSource International Inc. [SREV]. The present Moving Average for the last 50 days of trading for this stock 1.4071, while it was recorded at 1.3920 for the last single week of trading, and 1.4021 for the last 200 days.
Insight into ServiceSource International Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and ServiceSource International Inc. [SREV] shares currently have an operating margin of -6.98 and a Gross Margin at +28.44. ServiceSource International Inc.’s Net Margin is presently recorded at -8.64.
Return on Total Capital for SREV is now -12.69, given the latest momentum, and Return on Invested Capital for the company is -16.52. Return on Equity for this stock declined to -19.64, with Return on Assets sitting at -12.54. When it comes to the capital structure of this company, ServiceSource International Inc. [SREV] has a Total Debt to Total Equity ratio set at 50.87. Additionally, SREV Total Debt to Total Capital is recorded at 33.72, with Total Debt to Total Assets ending up at 27.86. Long-Term Debt to Equity for the company is recorded at 38.88, with the Long-Term Debt to Total Capital now at 25.77.
Reflecting on the efficiency of the workforce at the company, ServiceSource International Inc. [SREV] managed to generate an average of -$5,838 per employee. Receivables Turnover for the company is 4.50 with a Total Asset Turnover recorded at a value of 1.45.ServiceSource International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.
SREV Stock EPS
With the latest financial reports released by the company, ServiceSource International Inc. posted -0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 66.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SREV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ServiceSource International Inc. go to 25.00%.
ServiceSource International Inc. [SREV] Insider Position Details
There are presently around $89 million, or 73.00% of SREV stock, in the hands of institutional investors. The top three institutional holders of SREV stocks are: EDENBROOK CAPITAL, LLC with ownership of 13,611,126, which is approximately 25.815% of the company’s market cap and around 2.90% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 8,412,933 shares of the stock with an approximate value of $11.61 million in SREV stocks shares; and ARCHON CAPITAL MANAGEMENT LLC, currently with $11.06 million in SREV stock with ownership of nearly 0% of the company’s market capitalization.
Positions in ServiceSource International Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 26 institutional holders increased their position in ServiceSource International Inc. [NASDAQ:SREV] by around 4,882,157 shares. Additionally, 35 investors decreased positions by around 4,458,054 shares, while 22 investors held positions by with 55,104,661 shares. The mentioned changes placed institutional holdings at 64,444,872 shares, according to the latest SEC report filing. SREV stock had 4 new institutional investments in for a total of 619,018 shares, while 5 institutional investors sold positions of 286,599 shares during the same period.