Edgio Inc (NASDAQ: EGIO) is -91.90% lower on its value in year-to-date trading and has touched a low of $0.72 and a high of $42.00 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 EGIO stock was last observed hovering at around $1.38 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $1.11, the stock is -82.79% and -87.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.33 million and changing -19.57% at the moment leaves the stock -89.33% off its SMA200. EGIO registered -96.35% loss for a year compared to 6-month gain of -84.32%.
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The stock witnessed a -87.36% loss in the last 1 month and extending the period to 3 months gives it a -87.99%, and is 47.53% 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 84.03% over the week and 37.40% over the month.
Profit margin for the company is -40.38%. Distance from 52-week low is 54.17% and -97.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-51.59%).
with sales reaching $98.28M over the same period., but quarterly earnings will post 16.20% year-over-year. Quarterly sales are estimated to grow 15.40% in year-over-year returns.
Edgio Inc (EGIO) Top Institutional Holders
50.0 institutions hold shares in Edgio Inc (EGIO), with institutional investors hold 42.65% of the company’s shares. The shares outstanding are 5.86M, and float is at 3.27M with Short Float at 9.83%. Institutions hold 41.05% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.15 million shares valued at $1.68 million. The investor’s holdings represent 0.0687% of the EGIO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 54420.0 shares valued at $0.59 million to account for 0.0243 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 37340.0 shares representing 0.0167% and valued at over $0.41 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 0.0149 of the shares totaling 33400.0 with a market value of $0.36 million.
Edgio Inc (EGIO) Insider Activity
The most recent transaction is an insider sale by Kapur Ajay, the company’s Former CTO. SEC filings show that Kapur Ajay sold 143,026 shares of the company’s common stock on Sep 12 ’24 at a price of $1.72 per share for a total of $0.25 million. Following the sale, the insider now owns 0.0 shares.
Edgio Inc disclosed in a document filed with the SEC on Sep 11 ’24 that Kapur Ajay (Former CTO) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Sep 11 ’24 and was made at $1.10 per share for $5500.0. Following the transaction, the insider now directly holds 0.14 million shares of the EGIO stock.
