The stock of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) is now priced at $17.41 and the shares are 0.11 points up or 0.64% higher compared to its previous closing price of $17.3. The stock had 7365 contracts set over the past session. EBMT shares’ daily volume is compared to its average trading volume at 31911 shares. However, it has a float of 6.27 million and although its performance was -2.08% over the week, it’s one to watch. Analysts have given the EBMT stock a yearly average price target of $20.33 per share. It means the stock’s upside potential is 16.77% with the EBMT share price recently placing at $17.2003 to $17.5. However, some brokerage firms have priced the stock below the average, including one that has called $20.
The shorts are running away from the Eagle Bancorp Montana, Inc. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the EBMT shares have declined. Short interest in the stock represents just 0.27% of its float, but the volume has dropped by -3303. The volume of shorted shares dropped to 16774 from 20077 shares over the last two weeks. The average intraday trading volume has been 24769 shares, which means that days to cover moved to roughly 1.
In the last trading session, Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) dropped by -$0.37 over the week and lost -$0.84 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $22.98. The stock recorded its established 52-week high on 01/21/20.
Since 03/18/20, the stock has traded to a low of $11.74 at 48.3%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.7. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Eagle Bancorp Montana, Inc.’s two-week RSI is 48.29. This suggests that the stock is neutral at the moment and that EBMT shares’ price movement remains stable. The stochastic readings are equally revealing at 41.6% meaning the EBMT share price is currently in neutral territory.
The technical chart shows that the EBMT stock will likely settle at between $17.54 and $17.67 per share. However, if the stock dips below $17.24, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $17.07.
Currently, the stock is trading in the red of MACD, with a reading of -0.02. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned EBMT a rating of Outperform in their intiating review released on February 13.
The average rating for the EBMT equity is 1.67 and is currently gathering a bullish momentum. Of 3 analysts tracking Eagle Bancorp Montana, Inc. polled by Reuters, 0 rated EBMT as a hold. The remaining 3 analysts were split evenly. However, the split wasn’t equal as a majority (3) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the EBMT stock price is 8.66X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 8.4below the group’s average of 10.4. Eagle Bancorp Montana, Inc. has its P/E ratio at 0.9, which means that the stock is currently trading at a premium relative to the 0.8 industry average.