E2open Parent Holdings Inc [NYSE: ETWO] gained 21.83% or 0.43 points to close at $2.40 with a heavy trading volume of 16076760 shares.
The daily chart for ETWO points out that the company has recorded -22.33% loss over the past six months.
If we look at the average trading volume of 1.11M shares, ETWO reached to a volume of 16076760 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 $2.24 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 3.60. 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.
Goldman have made an estimate for E2open Parent Holdings Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on December 11, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on January 17, 2024, representing the official price target for E2open Parent Holdings Inc stock. Previously, the target price had yet another drop from $8.50 to $4, while Redburn Atlantic kept a Neutral rating on ETWO stock. On June 08, 2023, analysts decreased their price target for ETWO shares from 7 to 5.
The Average True Range (ATR) for E2open Parent Holdings Inc is set at 0.19, with the Price to Sales ratio for ETWO stock in the period of the last 12 months amounting to 1.35. The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 0.62. Price to Free Cash Flow for ETWO in the course of the last twelve months was 11.06 with Quick ratio for the last quarter at 1.05.
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 12.68. With this latest performance, ETWO shares gained by 19.40% in over the last four-week period, additionally sinking by -22.33% over the last 6 months – not to mention a drop of -43.66% 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 ETWO stock in for the last two-week period is set at 62.65, with the RSI for the last a single of trading hit 68.76, and the three-weeks RSI is set at 58.05 for E2open Parent Holdings Inc [ETWO]. The present Moving Average for the last 50 days of trading for this stock 2.1400, while it was recorded at 2.1400 for the last single week of trading, and 3.1500 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 1.05 and a Current Ratio set at 1.14.
An analysis of Institutional ownership at E2open Parent Holdings Inc [ETWO]
There are presently around $107.69%, or 111.86%% 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 49.83 million shares, which is approximately 16.2458%. FRANCISCO PARTNERS MANAGEMENT, LP, holding 38.7 million shares of the stock with an approximate value of $$173.76 million in ETWO stocks shares; and FRANCISCO PARTNERS MANAGEMENT, LP, currently with $$137.43 million in ETWO stock with ownership which is approximately 9.9787%.
