EGAN Stock Summary and Trading Ideas (Egain | NASDAQ:EGAN)

eGain Corp automates customer engagement with an innovative Software as a service (SaaS) platform, powered by deep digital, Artificial intelligence (AI), and knowledge capabilities. It operates in the United States, the United Kingdom, and India. The company derives most of its revenues from North America. It provides its products to industries such as financial services, telecommunications, retail, government, healthcare, and utilities.

Egain trades on the NASDAQ stock market under the symbol EGAN.

As of April 18, 2024, EGAN stock price declined to $6.06 with 68,667 million shares trading.

EGAN has a beta of 1.12, meaning it tends to be more sensitive to market movements. EGAN has a correlation of 0.09 to the broad based SPY ETF.

EGAN has a market cap of $189.09 million. This is considered a Micro Cap stock.

Last quarter Egain reported $24 million in Revenue and $.11 earnings per share. This beat revenue expectation by $245,000 and exceeded earnings estimates by $.03.

In the last 3 years, EGAN stock traded as high as $13.70 and as low as $5.50.

The top ETF exchange traded funds that EGAN belongs to (by Net Assets): VTI, IWM, VXF, IWO, VTWO.

EGAN has underperformed the market in the last year with a return of -17.6%, while the SPY ETF gained +22.3%. In the last 3 month period, EGAN fell short of the market, returning -19.3%, while SPY returned +6.1%. However, in the most recent 2 weeks EGAN has outperformed the stock market by returning -3.5%, while SPY returned -3.8%.

EGAN support price is $6.02 and resistance is $6.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EGAN stock will trade within this expected range on the day.