Ebix, Inc. (EBIX) Stock: A Technology Stock That’s Seeing Gains

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Ebix, Inc. (EBIX) is making a move up in the market today. The company, focused on the technology industry, is presently trading at $43.42 after gaining 5.26% so far in today’s session. As it relates to technology companies, there are several factors that have the potential to generate gains in the market. News is one of the most common reasons for movement. Here are the most recent stories centered around EBIX:

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Sep-04-19 07:29AM ICICI Securities, Axis Capital & Edelweiss Financial Services Chosen as Lead Managers for Proposed EbixCash IPO
Aug-29-19 06:06AM There’s A Lot To Like About Ebix, Inc.’s (NASDAQ:EBIX) Upcoming 0.2% Dividend
Aug-27-19 07:31AM PayMyTuition adds EbixCash World Money as a Payment Partner for Student Payments from India
Aug-26-19 01:00PM Ebix Declares 7.5 Cent Quarterly Dividend, Payable September 16, to Shareholders of Record September 04, 2019
07:31AM PMS Bazaar & EbixCash Partner for Indias 1st All-in-One Investment Portal

Nonetheless, when making an investing decision, investors should look into far more than just news, this is especially the case in the ever changing tech space. Here’s what’s happening with Ebix, Inc..

Recent Moves From EBIX

While a move up on a single session, like the gain that we’re seeing from Ebix, Inc. may cause excitement in some investors, a single session gain alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s generally smart to take a look at trends further out than a single session. As it relates to EBIX, below are the returns that we’ve seen:

  • Past 5 Trading Sessions – In the last seven days, EBIX has produced a price change in the amount of 24.02%.
  • Past 30 Days – The monthly performance from Ebix, Inc. has been 16.03%.
  • Past 3 Months – In the last quarter, the stock has produced a ROI that works out to -16.80%
  • Past Six Months – Over the previous 6 months, we have seen a performance of -14.58% from the company.
  • This Year So Far – Since the the first trading session of this year EBIX has resulted in a return of 2.02%.
  • Annually – Lastly, over the past year, investors have seen a change that works out to -45.35% from EBIX. In this period of time, the stock has sold at a high price of -46.72% and a low price of 28.80%.

Rations That Investors Should Look Into

Digging into various ratios having to do with a stock can provide prospective traders an understanding of how risky and/or rewarding a pick may be. Below are some of the important ratios to consider when looking at EBIX.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the amount of short interest. The higher this short ratio, the more investors have a belief that the price of the stock is headed for declines. Throughout the sector, strong tech stocks tend to have a lower short ratio. However, we tend to see a lot of short squeezes in the sector. Nonetheless, when it comes to Ebix, Inc., the stock’s short ratio comes to 20.09.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Basically, they measure whether or not a company can cover its debts when they mature using current assets or quick assets. In the tech industry, several companies rely on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can look bad. Nonetheless, some better companies in the technology sector come with positive current and quick ratios. In terms of EBIX, the quick and current ratios come to 1.40 and 1.40 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets owned by the company. In this case, the book to share value ratio equates to 17.55.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the value of the company’s stock. When it comes to EBIX, the cash to share value ratio is 3.59.

Is Big Money Interested In Ebix, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in EBIX, here’s what we’re seeing:

  • Institutional Investors – Currently, institutional investors hold 79.80% of the company. On the other hand, it’s worth noting that institutional ownership has moved in the amount of -0.13% in the last 3 months.
  • Insider Moves – as it relates to insiders, those close to the situation currently own 22.50% of the company. Their ownership of the company has changed in the amount of -4.46% over the last 3 months.

Analyst Opinions With Regard To Ebix, Inc.

Although it’s not a good idea to blindly follow the opinions of analysts, it is a good idea to use their thoughts when validating your own thoughts before making investment decisions in the technology space. Here are the most recent moves that we’ve 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 $5.16. 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 2.00% and revenue has seen movement of 15.80%.

A Look At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 29.82M shares of Ebix, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, EBIX has a float of 24.97M.

It’s also important to pay attention to the short percent. After all, when a high portion of the float available for trading is shorted, the overall opinion among investors is that the company is going to fall. As far as it relates to EBIX, the percentage of the float that is shorted currently sits at 31.68%. Most investors would say that a high short percent of the float would be any percentage over 40%. Through my work, I have seen that a short percent of the float over 26% is probably going to be a risky play.

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