Sunday, June 26, 2022

Investing in Endo International plc (ENDP) Is Getting More Attractive

Piper Sandler downgraded its Endo International plc [ENDP] rating to an Underweight from a a Neutral in a research note published on Tuesday, May 06, 2022; the price target was decreased to $1 from $3. PT values the company’s stock at a premium of 66.0 to its Tuesday closing price. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early March from “an Equal weight” to “an Underweight”. Piper Sandler also remained covering ENDP and has decreased its forecast on August 31, 2021 with a “Neutral” recommendation from previously “an Overweight” rating.


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Price Performance Review of ENDP

On Tuesday, Endo International plc [NASDAQ:ENDP] saw its stock fall -3.14% to $0.34. On the same session, the stock had its day’s lowest price of $0.331, but rose to a high of $0.41. Over the last five days, the stock has gained 11.22%. Endo International plc shares have fallen nearly -90.98% since the year began. Nevertheless, the stocks have fallen -93.39% over the past one year. While a 52-week high of $7.07 was reached on 01/04/22, a 52-week low of $0.28 was recorded on 06/16/22. SMA at 50 days reached $1.2755, while 200 days put it at $3.1050. A total of 53.83 million shares were traded, compared to the trading of 34.84 million shares in the previous session.

Levels Of Support And Resistance For ENDP Stock

The 24-hour chart illustrates a support level at 0.3100, which if violated will result in even more drops to 0.2810. On the upside, there is a resistance level at 0.3890. A further resistance level may holdings at 0.4390. The Relative Strength Index (RSI) on the 14-day chart is 27.34, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0760, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.98%. Stochastics %K at 19.14% indicates the stock is a buying.

How much short interest is there in Endo International plc?

A steep rise in short interest was recorded in Endo International plc stocks on Apr 28, 2022, growing by 4.75 million shares to a total of 35.11 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 30.36 million shares. There was a rise of 13.53%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 20.79% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.65.

Endo International plc [ENDP] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 34,445,128 shares, or roughly 14.65% of the outstanding ENDP shares. In other words, the investor’s shares have risen by 224,394 from its previous 13-F filing of 34220734.0. Additionally, The Vanguard Group, Inc. increased 2.60% of its stake after which the total value it holdings stand at $14,697,748, while Paulson & Co., Inc. reduced 0.00% of its stake to hold $9.15 million in the firm. Over the last quarter, Renaissance Technologies LLC purchased 1,522,500 shares of Endo International plc, while SSgA Funds Management, Inc. bought 439,849 shares. At present, Geode Capital Management LLC is holding 3,985,865 shares valued at $2.1 million. Millennium Management LLC owned 3,824,821 shares of the company at the time of its most recent 13F filing, worth $2.02 million.

According to FactSet, Endo International plc’s share price will average $1.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 185.71 percent from its previous closing price of $0.35. Analysts expect Endo International plc stock to reach the higher price of $2.00, while the lowest price estimate is $1.00. However, 5 analysts have rated ENDP stock as an Underweight in their predictions for 2022. The most recent change occurred on July 27, 2020 when Goldman began covering the stock and recommended ‘”a Sell”‘ rating along with a $3 price target.

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