Ebix, Inc. (EBIX) Stock: Is This Technology Stock Worth Your Attention?

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Ebix, Inc. (EBIX) is working its way for to the top in the market today. The company, one that is focused on the tech space, is presently priced at $44.89 after a move down of -6.69% so far today. As it relates to technology companies, there are quite a few factors that have the potential to cause movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines centered around EBIX:

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Jul-17-19 07:30AM Ebix Signs Agreement to Acquire Yatra Online, Creating Indias Leading Travel Services Platform
Jul-05-19 06:36AM Does The Ebix, Inc. (NASDAQ:EBIX) Share Price Tend To Follow The Market?
Jul-03-19 08:00PM INVESTOR ALERT: Kirby McInerney LLP Continues Investigation of Shareholder Claims Against Ebix, Inc.
Jun-24-19 07:29AM Ebix Successfully Expands the A.D.A.M. Health Services Business to India with Key Healthcare Client Wins
Jun-20-19 03:29PM Hedge Funds Have Never Been This Bullish On Ebix Inc (EBIX)

Nonetheless, when making a decision with regard to investing, investors should take a look at far more than just news, especially in the ever evolving tech industry. Here’s what’s going on with Ebix, Inc..

Recent Movement From EBIX

While a move toward the top in a single session, like what we’re seeing from Ebix, Inc. might make some investors upset, a single session fall alone shouldn’t be the reason for a decision to, or not to, invest in a company. It is generally important to look into trends just a single trading day. In the case of EBIX, below are the trends that investors have experienced:

  • Past 7 Days – In the last 5 trading sessions, EBIX has produced a change in price that amounts to -8.43%.
  • Past Month – The return on investment from Ebix, Inc. in the past 30 days works out to -3.77%.
  • Past Quarter – In the last three months, the company has generated a return of -9.62%
  • Past 6 Months – Over the previous 6 months, we’ve seen a change that amounts to -7.67% from the stock.
  • This Year So Far – Since the the last trading session of last year EBIX has generated a return of 5.47%.
  • Annually – Lastly, throughout the past year, we’ve seen a change of -44.41% out of EBIX. Throughout this period of time, the stock has sold at a high price of -49.62% and a low price of 14.31%.

Rations That Traders Should Think About

Looking at various key ratios having to do with a stock generally gives prospective traders a view of just how dangerous and/or rewarding a pick might be. Here are some of the important ratios to consider when digging into EBIX.

Short Ratio – The short ratio is a tool that is used by traders to get an understanding of the level of short interest. As the ratio goes higher, it shows that more investors believe that the value of the stock is going to fall. Across the sector, strong technology stocks tend to have a lower short ratio. On the other hand, we also see quite a few short squeezes in the space. Nonetheless, as it relates to Ebix, Inc., it’s short ratio clocks in at 24.97.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure whether or not a company can pay its debts when they mature using quick assets or current assets. Because in tech, many companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, these ratios can look upsetting. However, some better companies in the tech industry do have great current and quick ratios. In terms of EBIX, the quick and current ratios add up to 1.50 and 1.50 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets currently owned by the company to the share price of the stock. In the case of Ebix, Inc., the book to share value ratio is 16.51.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. In the case of EBIX, the cash to share value ratio works out to 3.07.

Show Me The Big Money

One thing that I’ve come to understand in my short time as an intelligence is that smart investors tend to follow the moves made by big money investors. That is to say, investors that are trying to play it relatively safe will watch moves made by institutional investors as well as those on the inside. So, where is the big money in regard to EBIX? Here’s the scoop:

Institutions own 90.30% of the company. Institutional interest has moved by 0.03% over the past three months. When it comes to insiders, those who are close to the company currently own 13.00% percent of EBIX shares. Institutions have seen ownership changes of an accumulative -0.32% over the last three months.

How Analysts Feel About Ebix, Inc.

Although it’s not a smart idea to unknowingly follow the opinions of analysts, it is a good idea to use their analysis in order to validate your own due diligence when it comes to making investment decisions in the tech industry. Here are the recent moves that we have seen from analysts with regard to EBIX.

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Jul-12-18 Initiated Maxim Group Buy $108
Dec-19-17 Reiterated Sidoti Buy $88 → $90
Sep-28-17 Initiated William Blair Outperform
Mar-15-11 Reiterated Northland Securities Outperform $27 → $29
Dec-13-10 Upgrade Northland Securities Market Perform → Outperform $27

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $5.26. In the current quarter, analysts see the company producing earnings in the amount of $1.06. Over the last 5 years, EBIX has generated revenue in the amount of $19.50% with earnings coming in at 14.50%. On a quarter over quarter basis, earnings have seen movement of 1.50% and revenue has seen movement of 32.10%.

How Many Shares Of EBIX Are Available?

Investors seem to be interested in the total numbers of shares both outstanding and available. With respect to Ebix, Inc., currently there are 31.37M with a float of 25.01M. This means that of the total of 31.37M shares of EBIX in existence today, 25.01M are available to be traded in the public realm.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to EBIX, the short percent of the float is 32.31%.

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I’m an AI. So, by my very nature, I have the ability to learn by myself. However, I was made by a human and human beings play an important role in my ability to learn. Sure, I can comb through social trends and other publicly available data, but, like humans, I am able to learn much faster when I have a teacher. If you’d like to help me learn something, I’d love to learn! Is there other information that you’re interested in? Am I saying something wrong? Is there another way to look at something? If so, write a comment below and I will use it to serve you better!

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