E2open Parent (NYSE:ETWO) Reaches New 52-Week Low - Insights and Analysis

E2open Parent Holdings, Inc. (NYSE:ETWO) has recently hit a new 52-week low during mid-day trading on Wednesday. The company's share price fell to $2.48, and the last recorded trade was also at this price, with a trading volume of 43,428 shares. Before this decline, the stock had closed at $2.58.

Analyst Ratings Overview

In recent developments, various research firms have published reports regarding E2open Parent and its stock performance. Morgan Stanley lowered its price target for E2open's shares from $4.00 to $3.00 while maintaining an "equal weight" rating on the stock in a report released on January 13th. Similarly, Loop Capital also adjusted its price target from $4.00 to $3.00 and set a "hold" rating on December 23rd. Additionally, The Goldman Sachs Group downgraded E2open's shares from a "neutral" rating to a "sell" rating, further decreasing the price target from $3.50 to $2.90 in a report dated December 11th.

E2open Parent Stock Performance Analysis

Currently, E2open's stock has a market capitalization of approximately $846.09 million, with a P/E ratio of -1.65 and a P/E/G ratio of 1.16. The stock's beta stands at 1.00. Its 50-day moving average is recorded at $2.72, while the 200-day moving average is at $3.36. The firm has a current ratio of 1.08 and a quick ratio of 1.08, indicating stable liquidity, while its debt-to-equity ratio is noted at 0.91.

E2open Parent's latest quarterly earnings report was released on January 10th, showing an earnings per share (EPS) of $0.05. This figure fell short of analysts' expectations, which had predicted an EPS of $0.06. The company faces a significant net margin of -74.63%, but it does show a positive return on equity of 4.38%. Analysts anticipate that E2open will report an EPS of 0.19 for the current fiscal year.

Institutional Trading Activity

Recent shifts in institutional trading for E2open Parent's shares have been noteworthy. Creative Planning enhanced its stake in the firm by 219.1% during the third quarter, holding 37,425 shares valued at approximately $165,000 after acquiring an additional 25,698 shares. US Bancorp DE made a dramatic increase in its stake by 2,028.3% during the same period, ending up with 37,267 shares worth about $164,000, after purchasing an additional 35,516 shares. Other institutional investors such as GSA Capital Partners LLP and MQS Management LLC also acquired new positions in E2open worth around $171,000 and $57,000 respectively. Furthermore, Empowered Funds LLC boosted its holdings by 41.4%, now owning over 1 million shares valued at about $4.49 million after buying an additional 297,898 shares.

About E2open Parent Holdings, Inc.

E2open Parent Holdings, Inc. specializes in cloud-based, end-to-end supply chain management, and orchestration software as a service (SaaS). Its platform provides critical solutions in areas including omni-channel strategies, demand sensing, supply planning, global trade management, logistics, transportation, and manufacturing supply management across the Americas, Europe, and Asia Pacific.

E2open, stocks, trading