Eargo Inc. [NASDAQ: EAR] stock went on an upward path that rose over 59.65% on Thursday, amounting to a one-week price increase of more than 44.16%. The company report on January 4, 2022 that Eargo Launches Eargo 6 with Sound Adjust for Effortless Hearing.
Sixth-Generation Device Automatically Adapts to All Environments for an Enhanced Hearing Experience.
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Eargo, Inc. (Nasdaq: EAR), a medical device company on a mission to improve the quality of life of people with hearing loss, today launched Eargo 6, its sixth-generation FDA Class II exempt hearing aid and most powerful device yet, at CES 2022.
Over the last 12 months, EAR stock dropped by -84.62%. The one-year Eargo Inc. stock forecast points to a potential upside of 30.67. The average equity rating for EAR stock is currently 1.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $283.05 million, with 38.81 million shares outstanding and 33.92 million shares in the current float. Compared to the average trading volume of 1.65M shares, EAR stock reached a trading volume of 136511421 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Eargo Inc. [EAR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EAR shares is $10.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EAR stock is a recommendation set at 1.50. 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.
William Blair have made an estimate for Eargo Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on September 23, 2021. The new note on the price target was released on September 23, 2021, representing the official price target for Eargo Inc. stock. Previously, the target price had yet another drop from $44 to $11, while JP Morgan kept a Underweight rating on EAR stock.
The Average True Range (ATR) for Eargo Inc. is set at 0.69, with the Price to Sales ratio for EAR stock in the period of the last 12 months amounting to 3.31. The Price to Book ratio for the last quarter was 1.61, with the Price to Cash per share for the same quarter was set at 4.61.
EAR Stock Performance Analysis:
Eargo Inc. [EAR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 44.16. With this latest performance, EAR shares gained by 33.09% in over the last four-week period, additionally sinking by -78.97% over the last 6 months – not to mention a drop of -84.62% 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 EAR stock in for the last two-week period is set at 66.45, with the RSI for the last a single of trading hit 74.70, and the three-weeks RSI is set at 58.13 for Eargo Inc. [EAR]. The present Moving Average for the last 50 days of trading for this stock 6.14, while it was recorded at 5.40 for the last single week of trading, and 25.13 for the last 200 days.
Insight into Eargo Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Eargo Inc. [EAR] shares currently have an operating margin of -52.51 and a Gross Margin at +68.37. Eargo Inc.’s Net Margin is presently recorded at -43.40.
Return on Total Capital for EAR is now -33.17, given the latest momentum, and Return on Invested Capital for the company is -28.16. Return on Equity for this stock declined to -158.78, with Return on Assets sitting at -23.09. When it comes to the capital structure of this company, Eargo Inc. [EAR] has a Total Debt to Total Equity ratio set at 8.27. Additionally, EAR Total Debt to Total Capital is recorded at 7.64, with Total Debt to Total Assets ending up at 6.89. Long-Term Debt to Equity for the company is recorded at 7.74, with the Long-Term Debt to Total Capital now at 7.15.
Reflecting on the efficiency of the workforce at the company, Eargo Inc. [EAR] managed to generate an average of -$126,113 per employee. Receivables Turnover for the company is 23.67 with a Total Asset Turnover recorded at a value of 0.53.Eargo Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.10 and a Current Ratio set at 8.20.
Eargo Inc. [EAR] Insider Position Details
There are presently around $98 million, or 77.20% of EAR stock, in the hands of institutional investors. The top three institutional holders of EAR stocks are: NEA MANAGEMENT COMPANY, LLC with ownership of 4,520,670, which is approximately 0% of the company’s market cap and around 1.00% of the total institutional ownership; NAN FUNG GROUP HOLDINGS LTD, holding 2,886,724 shares of the stock with an approximate value of $13.16 million in EAR stocks shares; and VANGUARD GROUP INC, currently with $8.63 million in EAR stock with ownership of nearly 14.756% of the company’s market capitalization.
Positions in Eargo Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 48 institutional holders increased their position in Eargo Inc. [NASDAQ:EAR] by around 5,120,256 shares. Additionally, 73 investors decreased positions by around 13,857,098 shares, while 9 investors held positions by with 2,462,655 shares. The mentioned changes placed institutional holdings at 21,440,009 shares, according to the latest SEC report filing. EAR stock had 18 new institutional investments in for a total of 1,384,798 shares, while 48 institutional investors sold positions of 5,121,106 shares during the same period.