Edgio Inc. [EGIO] Stock trading around $3.52 per share: What’s Next?

Edgio Inc. [NASDAQ: EGIO] closed the trading session at $3.52 on 09/02/22. The day’s price range saw the stock hit a low of $3.4412, while the highest price level was $3.62. The company report on August 31, 2022 that Edgio to Present at Upcoming Investor Conference.

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Edgio, Inc. (Nasdaq: EGIO, the platform of choice to power unmatched speed, security and simplicity at the edge, today announced participation at the Lake Street BIG6 Investor Conference in New York City on September 14, 2022. Management will participate in one-on-one/small group meetings.

About Edgio:Edgio (NASDAQ: EGIO) makes connected living faster, safer and simpler to manage by powering unmatched speed, security and simplicity at the edge with our seamlessly integrated delivery, applications and streaming solutions. Our globally-scaled technology and expert services fuel the world’s top brands with the capacity to deliver the fastest, most dynamic and frictionless education, entertainment, events and applications to every user. Dedicated to providing unparalleled client care and extending value every step of the way, Edgio is a partner of choice, driving about 20% of worldwide internet traffic to support the most popular shows, movies, sports, games and music, and instant-loading websites. To learn more, visit edg.io and follow us on Twitter, LinkedIn and Facebook.

The stocks have a year to date performance of 2.62 percent and weekly performance of -3.56 percent. The stock has been moved at -6.38 percent over the last six months. The stock has performed 27.54 percent around the most recent 30 days and changed 23.51 percent over the most recent 3-months.

If compared to the average trading volume of 1.50M shares, EGIO reached to a volume of 739622 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $6.29 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 0.18, with the Price to Sales ratio for EGIO stock in the period of the last 12 months amounting to 3.26. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 0.33.

EGIO stock trade performance evaluation

Edgio Inc. [EGIO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.56. With this latest performance, EGIO shares gained by 27.54% in over the last four-week period, additionally sinking by -6.38% over the last 6 months – not to mention a rise of 28.00% 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 57.22, with the RSI for the last a single of trading hit 51.16, and the three-weeks RSI is set at 58.66 for Edgio Inc. [EGIO]. The present Moving Average for the last 50 days of trading for this stock 2.84, while it was recorded at 3.61 for the last single week of trading, and 3.55 for the last 200 days.

Edgio Inc. [EGIO]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Edgio Inc. [EGIO] shares currently have an operating margin of -15.61 and a Gross Margin at +26.45. Edgio Inc.’s Net Margin is presently recorded at -25.16.

Return on Equity for this stock declined to -34.57, with Return on Assets sitting at -17.52.

Edgio Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.10.

Earnings per share (EPS) analysis for Edgio Inc. [EGIO] stock

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 Ownership positions

There are presently around $293 million, or 74.70% of EGIO stock, in the hands of institutional investors. The top three institutional holders of EGIO stocks are: BLACKROCK INC. with ownership of 9,673,722, which is approximately 4.68% of the company’s market cap and around 5.20% of the total institutional ownership; GRANAHAN INVESTMENT MANAGEMENT, LLC, holding 7,024,111 shares of the stock with an approximate value of $24.73 million in EGIO stocks shares; and BANK OF NEW YORK MELLON CORP, currently with $24.43 million in EGIO stock with ownership of nearly 3.136% of the company’s market capitalization.

Positions in Edgio Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 79 institutional holders increased their position in Edgio Inc. [NASDAQ:EGIO] by around 15,354,090 shares. Additionally, 86 investors decreased positions by around 15,607,612 shares, while 37 investors held positions by with 52,353,351 shares. The mentioned changes placed institutional holdings at 83,315,053 shares, according to the latest SEC report filing. EGIO stock had 22 new institutional investments in for a total of 2,037,261 shares, while 31 institutional investors sold positions of 5,020,304 shares during the same period.


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