Eventbrite Inc [NYSE: EB] loss 0.00% or 0.0 points to close at $3.42 with a heavy trading volume of 3744596 shares.
The daily chart for EB points out that the company has recorded -37.59% loss over the past six months.
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If we look at the average trading volume of 1.75M shares, EB reached to a volume of 3744596 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 Eventbrite Inc [EB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EB shares is $5.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EB stock is a recommendation set at 2.50. 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.
Truist have made an estimate for Eventbrite Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 09, 2024. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $9 to $4. The new note on the price target was released on August 09, 2024, representing the official price target for Eventbrite Inc stock.
The Average True Range (ATR) for Eventbrite Inc is set at 0.16, with the Price to Sales ratio for EB stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 1.87, with the Price to Cash per share for the same quarter was set at 6.88. Price to Free Cash Flow for EB in the course of the last twelve months was 204.14 with Quick ratio for the last quarter at 1.94.
Trading performance analysis for EB stock
Eventbrite Inc [EB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.88. With this latest performance, EB shares gained by 22.58% in over the last four-week period, additionally sinking by -37.59% over the last 6 months – not to mention a drop of -58.50% 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 EB stock in for the last two-week period is set at 67.05, with the RSI for the last a single of trading hit 73.18, and the three-weeks RSI is set at 60.71 for Eventbrite Inc [EB]. The present Moving Average for the last 50 days of trading for this stock 2.97, while it was recorded at 3.37 for the last single week of trading, and 4.86 for the last 200 days.
Eventbrite Inc [EB]: A deeper dive into fundamental analysis
Eventbrite Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.94 and a Current Ratio set at 1.94.
Eventbrite Inc [EB]: An earnings per share (EPS) analysis
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 EB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Eventbrite Inc go to 46.40%.
An analysis of Institutional ownership at Eventbrite Inc [EB]
There are presently around $91.44%, or 95.46%% of EB stock, in the hands of institutional investors. The top three institutional holders of EB stocks are: BLACKROCK INC. with ownership of 6.75 million shares, which is approximately 6.8088%. EDMOND DE ROTHSCHILD HOLDING S.A., holding 6.42 million shares of the stock with an approximate value of $$31.06 million in EB stocks shares; and EDMOND DE ROTHSCHILD HOLDING S.A., currently with $$30.88 million in EB stock with ownership which is approximately 6.4373%.
