E2open Parent (NYSE:ETWO) Hits New 52-Week Low – Should You Sell?

E2open Parent Holdings, Inc. (NYSE:ETWO)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $2.31 and last traded at $2.34, with a volume of 650929 shares changing hands. The stock had previously closed at $2.34.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ETWO. Loop Capital lowered their price target on shares of E2open Parent from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Monday, December 23rd. The Goldman Sachs Group cut shares of E2open Parent from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $3.50 to $2.90 in a report on Wednesday, December 11th. Finally, Morgan Stanley decreased their price objective on shares of E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Monday, January 13th.

E2open Parent Stock Performance

The stock has a market cap of $784.30 million, a price-to-earnings ratio of -1.53, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s 50-day simple moving average is $2.65 and its two-hundred day simple moving average is $3.29.

E2open Parent (NYSE:ETWO) last posted its quarterly earnings results on Friday, January 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a positive return on equity of 4.38% and a negative net margin of 74.63%. Analysts forecast that E2open Parent Holdings, Inc. will post 0.19 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bayesian Capital Management LP bought a new stake in E2open Parent during the fourth quarter worth about $35,000. Tidal Investments LLC bought a new stake in E2open Parent during the fourth quarter worth about $38,000. MQS Management LLC bought a new stake in E2open Parent during the third quarter worth about $57,000. KLP Kapitalforvaltning AS bought a new stake in E2open Parent during the fourth quarter worth about $86,000. Finally, Occudo Quantitative Strategies LP bought a new stake in E2open Parent during the fourth quarter worth about $101,000.

About E2open Parent

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.