Meanwhile, Goldman downgraded its E2open Parent Holdings Inc [ETWO] rating to a Sell from a a Neutral in a research note published on December 11, 2024; the price target was decreased to $2.90 from $3.50. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid January with a ‘”an Equal-weight”‘ rating. Redburn Atlantic also remained covering ETWO and has decreased its forecast on October 12, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Loop Capital revised its rating on June 08, 2023. It rated ETWO as “a Hold” which previously was an “a Buy”.
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Price Performance Review of ETWO
On Friday, E2open Parent Holdings Inc [NYSE:ETWO] saw its stock fall -1.66% to $2.96. Over the last five days, the stock has lost -5.13%. E2open Parent Holdings Inc shares have fallen nearly -32.57% since the year began. Nevertheless, the stocks have fallen -22.72% over the past one year. While a 52-week high of $5.07 was reached on 05/13/24, a 52-week low of $2.80 was recorded on 12/11/24. SMA at 50 days reached $3.18, while 200 days put it at $4.10.
Levels Of Support And Resistance For ETWO Stock
The 24-hour chart illustrates a support level at 2.90, which if violated will result in even more drops to 2.84. On the upside, there is a resistance level at 3.01. A further resistance level may holdings at 3.06. The Relative Strength Index (RSI) on the 14-day chart is 36.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.64%. Stochastics %K at 45.45% indicates the stock is a holding.
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 2024-11-29, dropping by -2.45 million shares to a total of 11.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 13.82 million shares. There was a decline of -21.56%, which implies that there is a negative sentiment for the stock.
