EverQuote Inc (EVER): The Latest Casualty Of Increased Volatility?

EverQuote Inc (NASDAQ:EVER) does about 450.99K shares in volume on a normal day but saw 2450860 shares change hands in Tuesday’s trading. The company now has a market cap of 878.32M USD. Its current market price is $25.29, marking an increase of 18.40% compared to the previous close of $21.36. The 52 week high reached by this stock is $22.27 whilst the lowest price level in 52 weeks is $5.36.

EverQuote Inc (EVER) has a 20-day trading average at $19.85 and the current price is 13.56% off the 52-week high compared with 371.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $18.52 and its 200-day simple moving average is $11.56. If we look at the stock’s price movements over the week, volatility stands at 7.05%, which decreases to 5.89% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 77.07 to suggest the stock is overbought.

The consensus objective for the share price is $27.69, suggesting that the stock has a potential upside of 8.67% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 19, 2024 when B. Riley Securities resumed the stock to “Buy” and issued a price target of $24. Raymond James upgraded its price target at $13.

EverQuote Inc (EVER) stock is up 25.38% over the week and 30.16% over the past month. Its price is 106.62% year-to-date and 283.76% over the past year.

To reach the target analysts have set, the stock logically needs to grow 8.67 percent from here.

The company has a return on investment of -57.86% and return on equity of -46.86%. The forward price to earnings ratio is 722.57. The beta has a value of 0.97. Price to book ratio is 10.68 and price to sales ratio is 3.26.