Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Eventbrite Inc (NYSE: EB) closed at $3.52 down -4.35% from its previous closing price of $3.68. In other words, the price has decreased by -$4.35 from its previous closing price. On the day, 0.86 million shares were traded. EB stock price reached its highest trading level at $3.69 during the session, while it also had its lowest trading level at $3.51.
Ratios:
For a deeper understanding of Eventbrite Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.55 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 1.35 whereas as Long-Term Debt/Eq ratio is at 1.34.
On August 09, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $9 to $4.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 13 ’24 when August-deWilde Katherine sold 91,887 shares for $3.49 per share. The transaction valued at 320,548 led to the insider holds 206,590 shares of the business.
Sagi Vivek sold 104,587 shares of EB for $380,519 on Nov 12 ’24. The Chief Technology Officer now owns 412,994 shares after completing the transaction at $3.64 per share. On Nov 13 ’24, another insider, August-deWilde Katherine, who serves as the Director of the company, bought 91,907 shares for $3.64 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EB now has a Market Capitalization of 356523200 and an Enterprise Value of 28759694. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.97 while its Price-to-Book (P/B) ratio in mrq is 1.89. Its current Enterprise Value per Revenue stands at 0.086 whereas that against EBITDA is -1.398.
Stock Price History:
Over the past 52 weeks, EB has reached a high of $9.20, while it has fallen to a 52-week low of $2.51. The 50-Day Moving Average of the stock is 12.42%, while the 200-Day Moving Average is calculated to be -21.63%.
Shares Statistics:
For the past three months, EB has traded an average of 1.47M shares per day and 1569970 over the past ten days. A total of 85.61M shares are outstanding, with a floating share count of 75.72M. Insiders hold about 21.85% of the company’s shares, while institutions hold 68.91% stake in the company. Shares short for EB as of 1731628800 were 4728573 with a Short Ratio of 3.21, compared to 1728950400 on 6635805. Therefore, it implies a Short% of Shares Outstanding of 4728573 and a Short% of Float of 5.9499998.
Earnings Estimates
Its stock is currently analyzed by 2.0 different market analysts. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.05 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.1 and -$0.14 for the fiscal current year, implying an average EPS of -$0.12. EPS for the following year is $0.04, with 2.0 analysts recommending between $0.06 and $0.01.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $76.18M this quarter.It ranges from a high estimate of $77M to a low estimate of $75.4M. As of the current estimate, Eventbrite Inc’s year-ago sales were $87.76MFor the next quarter, 5 analysts are estimating revenue of $74.88M. There is a high estimate of $75.41M for the next quarter, whereas the lowest estimate is $74.53M.
A total of 6 analysts have provided revenue estimates for EB’s current fiscal year. The highest revenue estimate was $325.54M, while the lowest revenue estimate was $324.01M, resulting in an average revenue estimate of $324.71M. In the same quarter a year ago, actual revenue was $326.13MBased on 6 analysts’ estimates, the company’s revenue will be $339.98M in the next fiscal year. The high estimate is $357.03M and the low estimate is $331M.
