E2open Parent (NYSE:ETWO) Hits New 52-Week Low - Here's Why

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $2.23 and last traded at $2.26, with a volume of 45970 shares changing hands. The stock had previously closed at $2.29.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ETWO shares. Loop Capital dropped their price objective on E2open Parent from $4.00 to $3.00 and set a "hold" rating for the company in a report on Monday, December 23rd. Morgan Stanley reduced their price target on shares of E2open Parent from $4.00 to $3.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group lowered shares of E2open Parent from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $3.50 to $2.90 in a report on Wednesday, December 11th.

E2open Parent Stock Performance

The company has a market capitalization of $746.54 million, a P/E ratio of -1.46, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02. The company's 50 day moving average is $2.61 and its 200-day moving average is $3.22. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.91.

E2open Parent (NYSE:ETWO - Get Free Report) last announced its earnings results on Friday, January 10th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). E2open Parent had a negative net margin of 74.63% and a positive return on equity of 4.38%. Equities analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 EPS for the current fiscal year.

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Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ETWO. Norges Bank bought a new position in shares of E2open Parent during the fourth quarter valued at $6,151,000. Nomura Holdings Inc. grew its position in E2open Parent by 15.7% during the 4th quarter. Nomura Holdings Inc. now owns 14,725,233 shares of the company's stock valued at $39,169,000 after purchasing an additional 1,994,267 shares during the last quarter. JPMorgan Chase & Co. increased its stake in E2open Parent by 593.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,960,030 shares of the company's stock valued at $8,644,000 after purchasing an additional 1,677,336 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in E2open Parent during the 3rd quarter valued at about $6,360,000. Finally, Geode Capital Management LLC raised its holdings in E2open Parent by 19.1% in the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company's stock worth $20,892,000 after buying an additional 759,398 shares during the last quarter.

E2open Parent Company Profile

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.