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Edgio Inc (NASDAQ: EGIO) closed the day trading at $2.14 up 118.70% from the previous closing price of $0.98. In other words, the price has increased by $118.70 from its previous closing price. On the day, 105.76 million shares were traded. EGIO stock price reached its highest trading level at $2.88 during the session, while it also had its lowest trading level at $1.02.
Ratios:
For a better understanding of EGIO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.94.
On November 10, 2022, Cowen Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $5.75 to $2.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EGIO now has a Market Capitalization of 12530450 and an Enterprise Value of 140223760. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.03 while its Price-to-Book (P/B) ratio in mrq is 0.08. Its current Enterprise Value per Revenue stands at 0.347 whereas that against EBITDA is -1.889.
Stock Price History:
Over the past 52 weeks, EGIO has reached a high of $44.00, while it has fallen to a 52-week low of $0.72. The 50-Day Moving Average of the stock is -76.87%, while the 200-Day Moving Average is calculated to be -79.96%.
Shares Statistics:
Over the past 3-months, EGIO traded about 346.17K shares per day on average, while over the past 10 days, EGIO traded about 12599260 shares per day. A total of 5.86M shares are outstanding, with a floating share count of 3.27M. Insiders hold about 44.15% of the company’s shares, while institutions hold 6.88% stake in the company. Shares short for EGIO as of 1723680000 were 331918 with a Short Ratio of 0.93, compared to 1721001600 on 350604. Therefore, it implies a Short% of Shares Outstanding of 331918 and a Short% of Float of 8.930001.
Earnings Estimates
At present, 2.0 analysts are actively evaluating the performance of Edgio Inc (EGIO) in the stock market.The consensus estimate for the next quarter is -$2.52, with high estimates of -$2.52 and low estimates of -$2.52.
Analysts are recommending an EPS of between -$10.4 and -$10.4 for the fiscal current year, implying an average EPS of -$10.4. EPS for the following year is -$5.66, with 2.0 analysts recommending between -$2.0 and -$9.33.
Revenue Estimates
2 analysts predict $98.28M in revenue for the current quarter. It ranges from a high estimate of $102.56M to a low estimate of $94M. As of the current estimate, Edgio Inc’s year-ago sales were $85.17MFor the next quarter, 2 analysts are estimating revenue of $94.81M. There is a high estimate of $94.81M for the next quarter, whereas the lowest estimate is $94.81M.
A total of 2 analysts have provided revenue estimates for EGIO’s current fiscal year. The highest revenue estimate was $398M, while the lowest revenue estimate was $388.75M, resulting in an average revenue estimate of $393.37M. In the same quarter a year ago, actual revenue was $338.6MBased on 2 analysts’ estimates, the company’s revenue will be $397.44M in the next fiscal year. The high estimate is $409.5M and the low estimate is $385.37M.
