In yesterday’s Wall Street session, Ebix Inc. (NASDAQ:EBIX) shares traded at $4.62, down -18.37% from the previous session.
2 analysts cover Ebix Inc. (NASDAQ:EBIX), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.50 and a low of $5.00, we find $14.75. Given the previous closing price of $5.66, this indicates a potential upside of 160.6 percent. EBIX stock price is now -44.20% away from the 50-day moving average and -71.85% away from the 200-day moving average. The market capitalization of the company currently stands at $142.76M.
The stock has received a hold rating from 1 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $14.75 as their price target over the next twelve months.
With the price target maintained at $5, Craig Hallum recently Downgraded its rating from Buy to Hold for Ebix Inc. (NASDAQ: EBIX).
Insiders disposed of 1,486 shares of company stock worth roughly $6865.32 over the past 1 year. A total of 21.53% of the company’s stock is owned by insiders.
On Thursday morning Ebix Inc. (NASDAQ: EBIX) stock kicked off with the opening price of $5.5700. During the past 12 months, Ebix Inc. has had a low of $3.11 and a high of $32.87. As of last week, the company has a debt-to-equity ratio of 1.05, a current ratio of 0.41, and a quick ratio of 0.41. According to the stock market information, the enterprise value for the company is $726.02M, which is based on a 28.79 price-to-earnings ratio, a 2.88 price-to-earnings-growth ratio, and a beta of 2.55. The fifty day moving average price for EBIX is $8.0716 and a two-hundred day moving average price translates $16.3407 for the stock.
The latest earnings results from Ebix Inc. (NASDAQ: EBIX) was released for Sep, 2023. According to the Software – Application Company, earnings per share came in at -$0.33, missing analysts’ expectations of $0.07 by -0.4. This compares to $0.57 EPS in the same period last year. The net profit margin was 0.67% and return on equity was 0.80% for EBIX. The company reported revenue of $119.23 million for the quarter, compared to $257.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -53.77 percent. For the current quarter, analysts expect EBIX to generate $129.33M in revenue.
