Before You Invest, Make Sure You Check This Eventbrite Inc. (NYSE: EB) Analysis

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Eventbrite Inc. (NYSE:EB) traded at $18.64 at close of the session on Friday, July 2, made a downward move of -2.31% on its previous day’s price.

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Looking at the stock we see that its previous close was $19.08 with the day’s price range being $18.63 – $19.22. In terms of its 52-week price range, EB has a high of $26.51 and a low of $8.18. The company’s stock has lost about -8.63% over that past 30 days.

Eventbrite Inc. has a market cap of $1.79 billion.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the EB stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.

Based on estimates by 4 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Eventbrite Inc. (EB) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -6.62% off its SMA20 and -10.30% from its 50-day simple moving average. The RSI (14) is pointing at 31.97 while the volatility over the past week is 3.24% and jumps to 3.36% over the past one month. The average price target for the stock over the next 12 months is $22.33, with the estimates having a low of $21.00 and a high of $24.00. These price ends are -12.66% and -28.76% off the current price level respectively, although investors could be excited at the prospect of a -18.03% if the EB share price touches on the median price of $22.00.

Coming back to Eventbrite Inc. (NYSE:EB), we note that the average 3-month trading volume was 1.30 million. Current shares outstanding are 92.88 million.

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The insiders hold 0.40% of the company’s shares while institutions hold 99.90%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 2.98% up in year-to-date price movement.