A share price of Edgio Inc [EGIO] is currently trading at $17.28, up 30.22%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EGIO shares have gain 40.49% over the last week, with a monthly amount glided 111.76%, and seem to be holding up well over a long-time horizon.
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On 11, April 2024, EverPass selects Edgio to Elevate Streaming Delivery to Commercial Establishments. In a post published today on Yahoo Finance, Edgio, a leading platform renowned for its exceptional performance in speed, security, and simplicity, is pleased to announce a significant multiyear agreement with EverPass Media, a media platform created specifically for commercial businesses. This partnership is set to redefine the delivery of premium live sports content across a broad network of commercial establishments nationwide, promising to elevate the viewing experience for countless customers.
From an analyst’s perspective:
Edgio Inc [NASDAQ: EGIO] stock has seen the most recent analyst activity on November 10, 2022, when Northland Capital downgraded its rating to a Market Perform. Previously, Cowen downgraded its rating to Market Perform on November 10, 2022, and dropped its price target to $2.50.
Edgio Inc experienced fluctuations in its stock price throughout the past year between $6.67 and $44.00. Edgio Inc [NASDAQ: EGIO] shares were valued at $17.28 at the most recent close of the market.
Analyzing the EGIO fundamentals
Trailing Twelve Months sales for Edgio Inc [NASDAQ:EGIO] were 379.92M which represents -19.91% decline. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at -0.35%, Pretax Profit Margin comes in at -0.41%, and Net Profit Margin reading is -0.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.34, Equity is -0.79 and Total Capital is -0.44. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.87.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.19 points at the first support level, and at 11.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.39, and for the 2nd resistance point, it is at 21.51.
Edgio Inc [EGIO] reported earnings per share of -$2.8 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$2.82/share, meaning a difference of $0.02 and a surprise factor of 0.70%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$3.6 per share as compared to estimates of -$4.36 per share, a difference of $0.76 representing a surprise of 17.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Edgio Inc [NASDAQ:EGIO] is 0.85. In addition, the Quick Ratio stands at 0.85 and the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 0.27, the price to book ratio is 0.63.
