Ebix Inc. (NASDAQ: EBIX) is -14.25% lower on its value in year-to-date trading and has touched a low of $16.01 and a high of $64.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EBIX stock was last observed hovering at around $32.22 in the last trading session, with the day’s gains setting it 0.34% off its average median price target of $54.75 for the next 12 months. It is also 56.59% off the consensus price target high of $75.00 offered by 2 analysts, but current levels are 5.62% higher than the price target low of $34.50 for the same period.
Currently trading at $32.56, the stock is 5.81% and 4.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.4 million and changing 1.06% at the moment leaves the stock 8.64% off its SMA200. EBIX registered 51.23% gain for a year compared to 6-month gain of 69.06%. The firm has a 50-day simple moving average (SMA 50) of $31.83 and a 200-day simple moving average (SMA200) of $32.33.
The stock witnessed a 3.50% loss in the last 1 month and extending the period to 3 months gives it a -38.20%, and is 7.53% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.45% over the week and 5.31% over the month.
Ebix Inc. (EBIX) has around 7975 employees, a market worth around $972.57M and $549.70M in sales. Current P/E ratio is 10.58 and Fwd P/E is 8.15. Profit margin for the company is 17.20%. Distance from 52-week low is 103.37% and -49.24% from its 52-week high. The company has generated returns on investments over the last 12 months (12.00%).
Ebix Inc. (EBIX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Ebix Inc. (EBIX) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Ebix Inc. is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.85 with sales reaching $160.71M over the same period.The EPS is expected to grow by 4.80% this year, but quarterly earnings will post 13.10% year-over-year. Quarterly sales are estimated to grow 16.60% in year-over-year returns.
Ebix Inc. (EBIX) Top Institutional Holders
270 institutions hold shares in Ebix Inc. (EBIX), with 7.3M shares held by insiders accounting for 23.92% while institutional investors hold 107.95% of the company’s shares. The shares outstanding are 30.52M, and float is at 25.14M with Short Float at 20.84%. Institutions hold 82.13% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 3.71 million shares valued at $140.77 million. The investor’s holdings represent 11.97% of the EBIX Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 2.69 million shares valued at $102.22 million to account for 8.69% of the shares outstanding. The other top investors are FMR, LLC which holds 1.48 million shares representing 4.78% and valued at over $56.15 million, while St. Denis J. Villere & Company holds 4.64% of the shares totaling 1.44 million with a market value of $46.05 million.
Ebix Inc. (EBIX) Insider Activity
A total of 3 insider transactions have happened at Ebix Inc. (EBIX) in the last six months, with sales accounting for 3 and purchases happening 0 times. The most recent transaction is an insider sale by SENGE JAMES SCOTT SR, the company’s Senior Vice President. SEC filings show that SENGE JAMES SCOTT SR sold 672 shares of the company’s common stock on Jan 27 at a price of $59.76 per share for a total of $40159.0. Following the sale, the insider now owns 12221.0 shares.
Ebix Inc. disclosed in a document filed with the SEC on Jun 17 that Eckert Neil D (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Jun 17 and was made at $23.92 per share for $0.24 million. Following the transaction, the insider now directly holds 91987.0 shares of the EBIX stock.
Ebix Inc. (EBIX): Who are the competitors?
The company’s main competitors (and peers) include DXC Technology Company (DXC) that is trading 77.63% up over the past 12 months. Short interest in the company’s stock has risen 12.08% from the last report on Apr 14, 2021 to stand at a total of 5.24 million short shares sold with a short interest ratio of 12.66.