Closing Bell Recap: E2open Parent Holdings Inc (ETWO) Ends at 3.07, Reflecting a -4.06 Downturn

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E2open Parent Holdings Inc (NYSE: ETWO) closed the day trading at $3.07 down -4.06% from the previous closing price of $3.20. In other words, the price has decreased by -$4.06 from its previous closing price. On the day, 1.69 million shares were traded. ETWO stock price reached its highest trading level at $3.205 during the session, while it also had its lowest trading level at $3.06.

Ratios:

For a better understanding of ETWO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.73.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on January 17, 2024, initiated with a Equal-Weight rating and assigned the stock a target price of $4.

On October 12, 2023, Redburn Atlantic Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $8.50 to $4.

Loop Capital Downgraded its Buy to Hold on June 08, 2023, whereas the target price for the stock was revised from $7 to $5.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ETWO now has a Market Capitalization of 948703680 and an Enterprise Value of 1969601280. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.55 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 6.288 whereas that against EBITDA is 55.518.

Stock Price History:

Over the past 52 weeks, ETWO has reached a high of $5.07, while it has fallen to a 52-week low of $2.15. The 50-Day Moving Average of the stock is -26.88%, while the 200-Day Moving Average is calculated to be -28.45%.

Shares Statistics:

Over the past 3-months, ETWO traded about 2.26M shares per day on average, while over the past 10 days, ETWO traded about 2080600 shares per day. A total of 306.06M shares are outstanding, with a floating share count of 235.39M. Insiders hold about 24.65% of the company’s shares, while institutions hold 80.53% stake in the company. Shares short for ETWO as of 1727654400 were 12230601 with a Short Ratio of 5.41, compared to 1724976000 on 11695724. Therefore, it implies a Short% of Shares Outstanding of 12230601 and a Short% of Float of 5.35.

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