Edgio Inc Stock Price on September 30, 2023
| EGIO Stock | USD 9.31 0.35 3.91% |
Below is the normalized historical share price chart for Edgio Inc extending back to June 08, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Edgio stands at 9.31, as last reported on the 2nd of June, with the highest price reaching 9.80 and the lowest price hitting 9.10 during the day.
If you're considering investing in Edgio Stock, it is important to understand the factors that can impact its price. Edgio appears to be very risky, given 3 months investment horizon. Edgio Inc secures Sharpe Ratio (or Efficiency) of 0.0483, which denotes the company had a 0.0483% return per unit of risk over the last 3 months. We have found thirty technical indicators for Edgio Inc, which you can use to evaluate the volatility of the firm. Please utilize Edgio's Mean Deviation of 6.62, coefficient of variation of 2234.36, and Downside Deviation of 7.45 to check if our risk estimates are consistent with your expectations.
At this time, Edgio's Common Stock Shares Outstanding is very stable compared to the past year. As of the 2nd of June 2024, Liabilities And Stockholders Equity is likely to grow to about 654.9 M, while Total Stockholder Equity is likely to drop about 166.8 M. . As of the 2nd of June 2024, Price To Sales Ratio is likely to drop to 26.60. In addition to that, Price Earnings Ratio is likely to drop to -57.06. Edgio Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 8th of June 2007 | 200 Day MA 18.3297 | 50 Day MA 10.8984 | Beta 0.41 |
Edgio |
Sharpe Ratio = 0.0483
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Estimated Market Risk
| 8.89 actual daily | 78 78% of assets are less volatile |
Expected Return
| 0.43 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Edgio is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Edgio by adding it to a well-diversified portfolio.
Price Book 0.6801 | Enterprise Value Ebitda (2.17) | Price Sales 0.2588 | Shares Float 3.3 M | Wall Street Target Price 22.33 |
Edgio Valuation on September 30, 2023
It is possible to determine the worth of Edgio on a given historical date. On September 30, 2023 Edgio was worth 0.81 at the beginning of the trading date compared to the closed value of 34.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Edgio stock. Still, in general, we apply an absolute valuation method to find Edgio's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Edgio where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Edgio's related companies.
| Open | High | Low | Close | Volume | |
| 0.82 | 32.00 | 32.00 | 32.00 | 15,928 | |
09/29/2023 | 0.81 | 34.00 | 34.00 | 34.00 | 7,455 |
| 0.86 | 32.80 | 32.80 | 32.80 | 5,920 |
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Edgio Trading Date Momentum on September 30, 2023
| On October 02 2023 Edgio Inc was traded for 32.80 at the closing time. The top price for the day was 32.80 and the lowest listed price was 32.80 . The trading volume for the day was 5.9 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.53% . The overall trading delta against the current closing price is 97.85% . |
Edgio Inc Fundamentals Correlations and Trends
By evaluating Edgio's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Edgio's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Edgio financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Edgio Stock history
Edgio investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Edgio is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Edgio Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Edgio stock prices may prove useful in developing a viable investing in Edgio
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 209.7 M | 220.2 M | |
| Net Loss | -49.3 M | -46.8 M |
Edgio Stock Technical Analysis
Edgio technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Edgio Period Price Range
Low | September 29, 2023
| High |
0.81 | 34.00 |
Edgio June 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Edgio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Edgio shares will generate the highest return on investment. By undertsting and applying Edgio stock market strength indicators, traders can identify Edgio Inc entry and exit signals to maximize returns
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 41.98 | |||
| Day Median Price | 34.0 | |||
| Day Typical Price | 34.0 | |||
| Price Action Indicator | 16.6 | |||
| Period Momentum Indicator | (24.69) | |||
| Relative Strength Index | 50.65 |
Edgio Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Edgio's price direction in advance. Along with the technical and fundamental analysis of Edgio Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Edgio to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0373 | |||
| Jensen Alpha | 0.327 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0478 | |||
| Treynor Ratio | 0.2148 |
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| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edgio Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Edgio Stock analysis
When running Edgio's price analysis, check to measure Edgio's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Edgio is operating at the current time. Most of Edgio's value examination focuses on studying past and present price action to predict the probability of Edgio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edgio's price. Additionally, you may evaluate how the addition of Edgio to your portfolios can decrease your overall portfolio volatility.
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Is Edgio's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Edgio. If investors know Edgio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Edgio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (26.00) | Revenue Per Share 72.469 | Quarterly Revenue Growth (0.12) | Return On Assets (0.14) | Return On Equity (0.63) |
The market value of Edgio Inc is measured differently than its book value, which is the value of Edgio that is recorded on the company's balance sheet. Investors also form their own opinion of Edgio's value that differs from its market value or its book value, called intrinsic value, which is Edgio's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Edgio's market value can be influenced by many factors that don't directly affect Edgio's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Edgio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edgio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edgio's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.