eGain Corporation (EGAN): Time to Buy this stock

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eGain Corporation (NASDAQ:EGAN) changes shares on Friday trading session, with a change of -0.75% or -$0.07 shares. The trading starts at $9.38 and closed at $9.37 throughout the day. The trading session low price was $9.23 and day high was $9.79 on Friday, June 19. After the session, the Technology sector daily volume shifted to 0.23 million while its average volume is 167.48K. In other hand, the EGAN market cap reached to $287.56M. While, its current target price is $9.30 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.10% and down -9.44% for month. Its quarterly performance was 60.07% above, while its half year performance is up 11.11%. EGAN yearly performance stood at positive 4.61% and rise 17.42% for year-to-date. Current recommendation for eGain Corporation is 1.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. EGAN EPS (TTM) for 12-month is 0.16. EPS for this year is 288.50%, while for the next year its value is 0.11. Sales growth for the current quarter is 5.67 while its EPS Q/Q reached 26.20%. It has an EPS of 21.60% up for past five years and for the next five years will be up 10.00%.

Let’s take a look on the analyst recommendations on EGAN for the current month and previous month. For the current month, 5 of 5 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $11.00-$15.00. Average target price for EGAN was reached at $12.00.

The insider ownership moved to 3.50% and institutional holding shifted to 54.50%.

The company posted an EPS (TTM) of 0.16. According to the most recent quarter report on (Jun 2020), 5 analysts estimated an average EPS of 0.01, while 0.02 EPS posted a year ago period. Analyst Estimated EPS for EGAN published in the report was 0.01-0.02 during the same period. Comparing with last year, the average estimated EPS was 0.02 which is lower than 0.07 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for EGAN rise 14.61% for period of 200 days. SMA for 50 days was 1.60% which is showing green signal, while SMA-20 was -5.90%. The moving average value for eGain Corporation (EGAN) is 8.29 and 9.73 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in EGAN stock. On Feb 19, SINHA GUNJAN, Director, sold 30,000 trading shares at the cost of $10.16, which valued at 0.3 million. On Dec 30, SMIT ERIC, Chief Financial Officer, sold 3,000 shares at the cost of $7.99, with total shares of 129,187. On Dec 13, SMIT ERIC, Chief Financial Officer, sold 2,000 shares at the cost of 8.00. After this transaction, SMIT ERIC total shares reached to 130,187 which valued at 16000.0.