E2open Parent (NYSE:ETWO) Sets New 1-Year Low – Time to Sell?

E2open Parent Holdings, Inc. (NYSE:ETWO) shares hit a new 52-week low during mid-day trading on Thursday . The company 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.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of E2open Parent from a “neutral” rating to a “sell” rating and decreased their price target for the company from $3.50 to $2.90 in a research note on Wednesday, December 11th.

E2open Parent Stock Down 10.6 %

The stock has a fifty day moving average price of $3.10 and a two-hundred day moving average price of $3.93. The company has a market cap of $949.19 million, a P/E ratio of -1.08, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings data on Wednesday, October 9th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $152.19 million for the quarter, compared to the consensus estimate of $152.33 million. E2open Parent had a negative net margin of 125.70% and a positive return on equity of 3.92%. On average, research analysts expect that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

Hedge Funds Weigh In On E2open Parent

Several hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in E2open Parent by 15.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,248 shares of the company’s stock worth $194,000 after acquiring an additional 5,854 shares during the period. Innealta Capital LLC purchased a new position in shares of E2open Parent in the 2nd quarter worth about $34,000. The Manufacturers Life Insurance Company increased its holdings in E2open Parent by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 100,381 shares of the company’s stock worth $451,000 after buying an additional 7,566 shares during the last quarter. Handelsbanken Fonder AB raised its position in E2open Parent by 26.3% in the third quarter. Handelsbanken Fonder AB now owns 50,400 shares of the company’s stock worth $222,000 after acquiring an additional 10,500 shares during the period. Finally, nVerses Capital LLC purchased a new position in E2open Parent in the second quarter valued at about $48,000.

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.