Not A Good News For Just Eat N.V. (NASDAQ: GRUB): Stock Could Even Fall -316.11%

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Just Eat N.V. (NASDAQ:GRUB) price closed higher on Friday, October 01, jumping 2.55% above its previous close.

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A look at the daily price movement shows that the last close reads $14.53, with intraday deals fluctuated between $14.645 and $14.97. The company’s 5Y monthly beta was ticking 0.26. Taking into account the 52-week price action we note that the stock hit a 52-week high of $26.00 and 52-week low of $14.48. The stock subtracted -23.90% on its value in the past month.

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Just Eat N.V., which has a market valuation of $15.77 billion, is expected to release its quarterly earnings report Oct 26, 2021 – Nov 01, 2021. Analysts tracking GRUB have forecast the quarterly EPS to shrink by -0.02 per share this quarter, while the same analysts predict the annual EPS to hit -$0.32 for the year 2021 and up to $1.17 for 2022. In this case, analysts estimate an annual EPS growth of 23.80% for the year and 465.60% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $549.36 million, with the likely lows of $474.7 million and highs of $577.8 million. The average estimate suggests sales growth for the quarter will likely rise by 35.20% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $2.17 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 19.50% above that which the company brought in 2021.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 20 analysts have assigned GRUB a recommendation rating as follows: 2 rate it as a Hold; 14 advise Buy while 2 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Just Eat N.V. (GRUB) stock as Underweight, with 2 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that GRUB’s price is at present -13.07% off the SMA20 and -15.00% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 32.21, with weekly volatility standing at 1.96%. The indicator jumps to 2.14% when calculated based on the past 30 days. Just Eat N.V. (NASDAQ:GRUB)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.53. Considering analysts have assigned the stock a price target range of $33.00-$62.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $47.50. Based on this estimate, we see that current price is roughly -121.48% off the estimated low and -316.11% off the forecast high. Investors will no doubt be excited to see the share price fall to $47.50, which is the median consensus price, and at that level GRUB would be -218.79% from current price.

An analysis of the Just Eat N.V. (NASDAQ:GRUB) stock in terms of its daily trading volume indicates that the 3-month average is 2.65 million.

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Current records show that the company has 1.06B in outstanding shares. The percentage share held by institutions stands at 1.82%. But the -34.71% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.