An interesting stock that came up in some of our conversations today is EverQuote, Inc. (NASDAQ:EVER). At current price of $41.33, the shares have already added 1.01 points (2.52% higher) from its previous close of $40.32. Should you buy or avoid them? The stock sets an active trading volume day with a reported 90084 contracts so far this session. EVER shares had a relatively better volume day versus average trading capacity of 512.93 thousand shares, but with a 9.66 million float and a 1.79% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for EVER stock indicates that the average analyst price target is $35.57 per share. This means the stock has a potential decrease of -13.94% from where the EVER share price has been trading recently.
During the recent trading session for EverQuote, Inc. (NASDAQ:EVER), the company witnessed their stock rise $0.59 over a week and surge $11.59 from the price 20 days ago. When compared to their established 52-week high of $43.2, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 11/02/20. The recent low of $5.35 stood for a -4.33% since 02/15/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for EverQuote, Inc., the two-week RSI stands at 64.26. This figure suggests that EVER stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current EVER readings is similarly very revealing as it has a stochastic reading of 72.43% at this stage. This figure means that EVER share price today is being oversold.
Technical chart claims that EverQuote, Inc. (EVER) would settle between $41.44/share to $42.56/share level. However, if the stock price goes below the $39.24 mark, then the market for EverQuote, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $38.16 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.16. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at BofA/Merrill raised their recommendation on shares of EVER from Underperform to Buy in their opinion released on November 05. Needham analysts again handed out a Buy recommendation to EverQuote, Inc. (NASDAQ:EVER) stock but they lifted target price for the shares in a flash note issued to investors on November 05. The target price has been raised from $27 to $35. Analysts at BofA/Merrill lowered the stock to a Underperform call from its previous Buy recommendation, in a research note that dated back to September 17.
EVER equity has an average rating of 1.5, with the figure leaning towards a bullish end. 8 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 8 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 8 analysts rated EverQuote, Inc. (NASDAQ:EVER) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, EVER stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 36.6. EverQuote, Inc. current P/B ratio of 21.8 means it is trading at a premium against its industry’s 5.5.
EverQuote, Inc. (EVER)’s current-quarter revenues are projected to climb by nearly 71.3% to hit $68.13 million, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 48.9% from $163350 to a noteworthy $243150. At the other end of the current quarter income statement, EverQuote, Inc. is expected to see its adjusted earnings surge by roughly 78.6% to hit $-0.06 per share. For the fiscal year, EVER’s earnings are projected to climb by roughly 89.8% to hit $-0.31 per share.