Endurance International Group Holdings Inc. (EIGI) shares are trading at lower $9.41 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $6.47.
To add more color to this target, the company’s high over the last year is $9.48 and the low is $1.31. Over the last 52 weeks, EIGI is up 134.66% while the S&P 500 is up 16.29%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, EIGI reported a profit of $161.76 million. Endurance International Group Holdings Inc. also saw revenues increase to $278.43 million. In addition, EIGI has free cash flow of $126.96 million as of 09-2020. The company’s EBITDA came in at $71.01 million which compares well with its peers.
EIGI booked profit margins of 1.70%, its Return on Equity (ROE) is 9.10%, and its Return on Assets is 0.70%. All told, it is clear that, EIGI needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. EIGI has a short ratio of 3.97 and outstanding shares of 141.68M.
EIGI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.66 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.13. Endurance International Group Holdings Inc. EIGI also noted assets of $2.63 billion at the end of the last quarter. Investors should also keep an eye on sector updates as EIGI has historically followed its peers on positive news.
All told, Endurance International Group Holdings Inc. EIGI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, EIGI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Endurance International Group Holdings Inc. EIGI is now commanding a market cap of 1.33B and a float of 67.63M. EIGI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of EIGI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in EIGI, either long or short, and we have not been compensated for this article.