Ebix Inc. (NASDAQ: EBIX) is -24.51% lower on its value in year-to-date trading and has touched a low of $12.50 and a high of $44.42 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 $22.14 in the last trading session, with the day’s gains setting it 0.81% off its average median price target of $99.50 for the next 12 months. It is also 84.7% off the consensus price target high of $150.00 offered by 2 analysts, but current levels are 53.16% higher than the price target low of $49.00 for the same period.
Currently trading at $22.95, the stock is 19.59% and -0.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 3.66% at the moment leaves the stock -22.15% off its SMA200. EBIX registered -24.80% loss for a year compared to 6-month loss of -22.28%.
The stock witnessed a 30.92% gain in the last 1 month and extending the period to 3 months gives it a -22.62%, and is 5.13% 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 5.12% over the week and 5.59% over the month.
Ebix Inc. (EBIX) has around 10030 employees, a market worth around $699.29M and $991.10M in sales. Current P/E ratio is 10.72 and Fwd P/E is 6.99. Profit margin for the company is 6.60%. Distance from 52-week low is 83.60% and -48.33% from its 52-week high. The company has generated returns on investments over the last 12 months (8.50%).
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 11/09/2022.The EPS is expected to shrink by -26.30% this year.
Ebix Inc. (EBIX) Top Institutional Holders
The shares outstanding are 30.71M, and float is at 23.25M with Short Float at 24.31%.
Ebix Inc. (EBIX) Insider Activity
A total of 0 insider transactions have happened at Ebix Inc. (EBIX) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Ebix Inc. (EBIX): Who are the competitors?
The company’s main competitors (and peers) include DXC Technology Company (DXC) that is trading -20.38% down over the past 12 months and Salesforce Inc. (CRM) that is -25.69% lower over the same period. John Wiley & Sons Inc. (WLY) is -10.63% down on the 1-year trading charts.