Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Eventbrite Inc.’s current trading price is -42.20% away from its 52-week high, while its distance from the 52-week low is 40.57%. The stock’s price range during this period has varied between $5.30 and $12.89. The company, active in the Technology sector, saw a trading volume of around 1.27 million for the day, considerably lower average daily volume of 1.5 million observed over the last three months.
Eventbrite Inc. (EB) currently has a stock price of $7.45. The stock saw a sharp increase in the last trading session, hitting a high of $7.916 after opening at $7.73. The lowest recorded price for the day was $7.44 before it closed at $7.89.
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In terms of market performance, Eventbrite Inc. had a somewhat inconsistent run in. The highest value for the stock in the past year was $12.89 on 06/08/22, while the lowest value was $5.30 on 12/28/22.
How Financial Performance Impacts Market Capitalization
Eventbrite Inc. (EB) has experienced a quarterly decline of -12.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 775.17M and boasts a workforce of 881 employees.
Decoding Analysts’ Ratings for Eventbrite Inc.
As of right now, 2 analysts are rating Eventbrite Inc. as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 7.97, with a change in price of +1.62. Similarly, Eventbrite Inc. recorded 1,349,026 in trading volume during the last 100 days, posting a change of +27.79%.
How EB’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for EB stands at 2.13. Similarly, the long-term debt-to-equity ratio is also 2.13.
EB Stock Stochastic Average
As of today, the raw stochastic average of Eventbrite Inc. over the past 50 days is 45.01%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 67.85%. Additionally, the Stochastic %K and %D values for the company were 80.78% and 78.00%, respectively, over the past 20 days.
EB Stock Price Performance Analysis
The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. Year to date metric has recorded a gain of 27.13%.However, over the last six months, we can see a weaker performance of 5.52%. Over the last 30 days, the price of EB has fallen by 3.19%. And in the last five days, it has surged by 1.50%.
