E2open Parent (NYSE:ETWO) Reaches New 52-Week Low - What's Next?

E2open Parent Holdings, Inc. (NYSE:ETWO - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.76 and last traded at $2.77, with a volume of 1449013 shares traded. The stock had previously closed at $3.10.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of E2open Parent from a "neutral" rating to a "sell" rating and dropped their target price for the company from $3.50 to $2.90 in a report on Wednesday, December 11th.

E2open Parent Trading Down 1.8 %

The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. The business has a fifty day simple moving average of $3.09 and a 200 day simple moving average of $3.92. The stock has a market cap of $932.06 million, a price-to-earnings ratio of -1.06, a PEG ratio of 1.16 and a beta of 0.98.

E2open Parent (NYSE:ETWO - Get Free Report) last posted its quarterly earnings data on Wednesday, October 9th. The company reported $0.05 EPS for the quarter, meeting analysts' consensus estimates of $0.05. E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. The business had revenue of $152.19 million for the quarter, compared to analyst estimates of $152.33 million. As a group, equities analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

Institutional Trading of E2open Parent

A number of hedge funds have recently bought and sold shares of the company. Bank of Montreal Can purchased a new stake in E2open Parent in the 2nd quarter valued at about $31,460,000. Jacobs Levy Equity Management Inc. purchased a new stake in E2open Parent in the third quarter valued at approximately $6,360,000. Dimensional Fund Advisors LP increased its position in E2open Parent by 23.0% during the second quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company's stock worth $30,537,000 after purchasing an additional 1,272,370 shares during the last quarter. Geode Capital Management LLC raised its stake in E2open Parent by 19.1% during the third quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company's stock worth $20,892,000 after purchasing an additional 759,398 shares during the period. Finally, Sea Cliff Partners Management LP boosted its holdings in shares of E2open Parent by 14.1% in the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company's stock valued at $19,351,000 after purchasing an additional 531,493 shares during the last quarter.

About E2open Parent

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.