E2open Parent Holdings Inc. [ETWO] Is Currently 7.15 below its 200 Period Moving Avg: What Dose This Mean?

E2open Parent Holdings Inc. [NYSE: ETWO] gained 7.15% or 0.92 points to close at $13.79 with a heavy trading volume of 2427399 shares. The company report on May 24, 2021 that E2open to Participate in Upcoming Virtual Investor Events.

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E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of 100% cloud-based, mission-critical, end-to-end supply chain management software, announced its participation at two investor events later this month.

Michael Farlekas, president and chief executive officer, plans to participate at the following:.

It opened the trading session at $12.96, the shares rose to $13.94 and dropped to $12.85, the range by which the price of stock traded the whole day. The daily chart for ETWO points out that the company has recorded 37.35% gains over the past six months. However, it is still -66.95% lower than its most recent low trading price.

If we look at the average trading volume of 1.89M shares, ETWO reached to a volume of 2427399 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about E2open Parent Holdings Inc. [ETWO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ETWO shares is $13.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ETWO stock is a recommendation set at 2.20. 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.

Loop Capital have made an estimate for E2open Parent Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 21, 2021. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on March 23, 2021, representing the official price target for E2open Parent Holdings Inc. stock. Previously, the target price had yet another raise to $13, while Goldman analysts kept a Buy rating on ETWO stock.

The Average True Range (ATR) for E2open Parent Holdings Inc. is set at 0.66, with the Price to Sales ratio for ETWO stock in the period of the last 12 months amounting to 37.26. The Price to Book ratio for the last quarter was 1.98, with the Price to Cash per share for the same quarter was set at 0.00.

Trading performance analysis for ETWO stock

E2open Parent Holdings Inc. [ETWO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 30.59. With this latest performance, ETWO shares gained by 35.33% in over the last four-week period, additionally plugging by 37.35% over the last 6 months.

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 ETWO stock in for the last two-week period is set at 80.86, with the RSI for the last a single of trading hit 86.80, and the three-weeks RSI is set at 75.59 for E2open Parent Holdings Inc. [ETWO]. The present Moving Average for the last 50 days of trading for this stock 10.51, while it was recorded at 12.54 for the last single week of trading, and 10.36 for the last 200 days.

E2open Parent Holdings Inc. [ETWO]: A deeper dive into fundamental analysis

E2open Parent Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.20.

An analysis of insider ownership at E2open Parent Holdings Inc. [ETWO]

There are presently around $2,767 million, or 50.44% of ETWO stock, in the hands of institutional investors. The top three institutional holders of ETWO stocks are: INSIGHT HOLDINGS GROUP, LLC with ownership of 44,681,083, which is approximately New of the company’s market cap and around 7.00% of the total institutional ownership; ELLIOTT INVESTMENT MANAGEMENT L.P., holding 25,171,131 shares of the stock with an approximate value of $347.11 million in ETWO stocks shares; and NEUBERGER BERMAN GROUP LLC, currently with $283.11 million in ETWO stock with ownership of nearly New of the company’s market capitalization.

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Positions in E2open Parent Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 73 institutional holders increased their position in E2open Parent Holdings Inc. [NYSE:ETWO] by around 189,008,882 shares. Additionally, 48 investors decreased positions by around 19,916,832 shares, while 2 investors held positions by with 8,286,276 shares. The mentioned changes placed institutional holdings at 200,639,438 shares, according to the latest SEC report filing. ETWO stock had 58 new institutional investments in for a total of 174,567,107 shares, while 41 institutional investors sold positions of 17,902,499 shares during the same period.

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