Following these proceedings, Morgan Stanley initiated its E2open Parent Holdings Inc [ETWO] rating to an Equal-weight in a research note published on January 17, 2024; the price target was $4. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who decreased its forecast for the stock in mid October from “an Overweight” to “a Neutral”. Loop Capital also remained covering ETWO and has decreased its forecast on June 08, 2023 with a “Hold” recommendation from previously “Buy” rating. Credit Suisse revised its rating on May 02, 2023. It rated ETWO as “a Neutral” which previously was an “an Underperform”.
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Price Performance Review of ETWO
On Tuesday, E2open Parent Holdings Inc [NYSE:ETWO] saw its stock jump 1.64% to $3.09. Over the last five days, the stock has lost -1.28%. E2open Parent Holdings Inc shares have fallen nearly -29.61% since the year began. Nevertheless, the stocks have risen 0.98% over the past one year. While a 52-week high of $5.07 was reached on 05/13/24, a 52-week low of $2.77 was recorded on 10/14/24. SMA at 50 days reached $4.06, while 200 days put it at $4.25.
Levels Of Support And Resistance For ETWO Stock
The 24-hour chart illustrates a support level at 3.04, which if violated will result in even more drops to 2.99. On the upside, there is a resistance level at 3.12. A further resistance level may holdings at 3.16. The Relative Strength Index (RSI) on the 14-day chart is 29.64, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.57%. Stochastics %K at 10.83% indicates the stock is a buying.
How much short interest is there in E2open Parent Holdings Inc?
A steep rise in short interest was recorded in E2open Parent Holdings Inc stocks on 2024-09-30, growing by 0.53 million shares to a total of 12.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.7 million shares. There was a rise of 4.37%, which implies that there is a positive sentiment for the stock.
