Edgio Inc. [EGIO] Stock trading around $3.39 per share: What’s Next?

Edgio Inc. [NASDAQ: EGIO] stock went on an upward path that rose over 20.64% on Tuesday, amounting to a one-week price increase of more than 26.49%. The company report on August 9, 2022 that Edgio to Present at Upcoming Investor Conferences.

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Edgio, Inc. (Nasdaq: EGIO), securely powering the most performant applications, delivery, and streaming experiences at the edge, today announced participation at the following investor conferences in August 2022:.

Cowen 8th Annual Communications Infrastructure Summit on Thursday, August 11, 2022 (Virtual). Management will participate in one-on-one/small group meetings and a fireside chat at 3:20 p.m. ET.

Over the last 12 months, EGIO stock rose by 22.83%. The one-year Edgio Inc. stock forecast points to a potential upside of 45.41. The average equity rating for EGIO stock is currently 1.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $470.16 million, with 135.53 million shares outstanding and 134.58 million shares in the current float. Compared to the average trading volume of 1.44M shares, EGIO stock reached a trading volume of 5473799 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Edgio Inc. [EGIO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EGIO shares is $6.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EGIO stock is a recommendation set at 1.90. 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.

The Average True Range (ATR) for Edgio Inc. is set at 0.17, with the Price to Sales ratio for EGIO stock in the period of the last 12 months amounting to 2.10. The Price to Book ratio for the last quarter was 3.39, with the Price to Cash per share for the same quarter was set at 0.45.

EGIO Stock Performance Analysis:

Edgio Inc. [EGIO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 26.49. With this latest performance, EGIO shares gained by 52.70% in over the last four-week period, additionally sinking by -16.71% over the last 6 months – not to mention a rise of 22.83% 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 EGIO stock in for the last two-week period is set at 82.22, with the RSI for the last a single of trading hit 91.56, and the three-weeks RSI is set at 71.99 for Edgio Inc. [EGIO]. The present Moving Average for the last 50 days of trading for this stock 2.51, while it was recorded at 2.89 for the last single week of trading, and 3.49 for the last 200 days.

Insight into Edgio Inc. Fundamentals:

Edgio Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.30.


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 EGIO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Edgio Inc. go to 15.00%.

Edgio Inc. [EGIO] Insider Position Details

There are presently around $290 million, in the hands of institutional investors. The top three institutional holders of EGIO stocks are: BLACKROCK INC. with ownership of 9,241,194, which is approximately -0.801% of the company’s market cap and around 8.30% of the total institutional ownership; BANK OF NEW YORK MELLON CORP, holding 6,728,751 shares of the stock with an approximate value of $22.81 million in EGIO stocks shares; and VANGUARD GROUP INC, currently with $21.36 million in EGIO stock with ownership of nearly 0.71% of the company’s market capitalization.

92 institutional holders increased their position in Edgio Inc. [NASDAQ:EGIO] by around 21,728,064 shares. Additionally, 70 investors decreased positions by around 8,109,187 shares, while 40 investors held positions by with 55,599,127 shares. The mentioned changes placed institutional holdings at 85,436,378 shares, according to the latest SEC report filing. EGIO stock had 38 new institutional investments in for a total of 4,710,009 shares, while 17 institutional investors sold positions of 2,293,789 shares during the same period.


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