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Emerald Holding, Inc. (NYSE: EEX) on October 6, 2020 publicized that its Board of Directors has approved the repurchase of up to an aggregate of $20 million of its Common Stock.
“Based on current market prices, we believe that the repurchase program is in the best interests of our shareholders,” commented Brian Field, Emerald’s Interim President and Chief Executive Officer.
The repurchases will be made from time to time on the open market at prevailing market prices. The repurchase program is expected to continue through the end of 2021, unless extended or shortened by the Board of Directors.
Emerald Holding Inc. (EEX) share price soared 15.09% with the closing price of $2.67 on Tuesday. Emerald Holding Inc. stock has an exchanging volume of 1.52 million shares, which is high, contrasted with its 3-months average volume of 207.37K shares. Its market capitalization has now reached to $172.88M and analysts have a consensus target price of $3.10 in the 12-month period.
Goldman announced it was Upgrade coverage of Emerald Holding Inc. in a research note on May 26, 2020. Barclays rated the stock as an Equal weight in a research noted published on March 19, 2020. Goldman rated the stock as a Buy in a research note published on August 21, 2019.
EEX Past Trading Activity
The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, EEX price has rose by 33.50%. In the course of past three months sees the stock go up around 3.89%, while it has gain 55.23% over the past six months and -74.69% since the start of the year.
EEX Earning History
Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Sep 2020), the firm recorded a revenue of 7.0 billion, which was higher than the gauge of 23.67M made by certain experts. For that equivalent quarter, Emerald Holding Inc. posted $0.28 earnings per share (EPS) which was above the consensus estimate of $0.04 by $0.24, which represents to an expansion by 600.00%.
EEX Price Performance
Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Emerald Holding Inc. has seen its stock exchanging -11.64% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +50.00% above its three-month low. A more extensive look sees EEX exchanging -78.91% beneath its 52-week high and 78.00% above from its 52-week low price.
EEX Instability & Beta Factor
The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 11.21%, while it has a month to month instability of 10.19%. The company has an ATR (Average True Range) of 0.23 and a beta factor of 1.54.