In yesterday’s Wall Street session, E2open Parent Holdings Inc (NYSE:ETWO) shares traded at $4.48, up 0.67% from the previous session.
ETWO stock price is now 2.93% away from the 50-day moving average and 4.60% away from the 200-day moving average. The market capitalization of the company currently stands at $1.39B.
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With the price target of $4, Morgan Stanley recently initiated with Equal-Weight rating for E2open Parent Holdings Inc (NYSE: ETWO). On October 12, 2023, Redburn Atlantic Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $8.50 to quote $4, while ‘Loop Capital’ rates the stock as ‘Hold’
In other news, Farlekas Michael, Chief Executive Officer sold 13,000 shares of the company’s stock on Oct 05 ’23. The stock was sold for $53,518 at an average price of $4.12. Upon completion of the transaction, the Chief Executive Officer now directly owns 201,474 shares in the company, valued at $0.9 million. A total of 24.65% of the company’s stock is owned by insiders.
During the past 12 months, E2open Parent Holdings Inc has had a low of $2.15 and a high of $5.12. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for ETWO is $4.353 and a two-hundred day moving average price translates $4.2864 for the stock.
The latest earnings results from E2open Parent Holdings Inc (NYSE: ETWO) was released for 2024-05-31. The net profit margin was -125.24% and return on equity was -42.98% for ETWO. The company reported revenue of $151.16 million for the quarter, compared to $160.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.59 percent.
