Notable Price Action: eGain Corp’s Big Gap Up Today Points to Less Stock Risks

Notable Price Action: eGain Corp's Big Gap Up Today Points to Less Stock Risks

The stock of eGain Corp (NASDAQ:EGAN) gapped up by $0.01 today and has $7.18 target or 128.00% above today’s $3.15 share price. The 6 months technical chart setup indicates low risk for the $89.29 million company. The gap was reported on Oct, 4 by If the $7.18 price target is reached, the company will be worth $114.29 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 1.94% or $0.06 during the last trading session, hitting $3.15. About 167,874 shares traded hands or 679.61% up from the average. eGain Corp (NASDAQ:EGAN) has declined 19.64% since March 1, 2016 and is downtrending. It has underperformed by 31.86% the S&P500.

eGain Corp (NASDAQ:EGAN) Ratings Coverage

Out of 4 analysts covering eGain Comm. (NASDAQ:EGAN), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. eGain Comm. has been the topic of 5 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, September 11 by Needham. On Monday, May 9 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”. Benchmark maintained it with “Hold” rating and $3.50 target price in Friday, September 9 report. The rating was downgraded by Craig Hallum to “Hold” on Tuesday, August 4. The firm earned “Buy” rating on Friday, September 9 by Ladenburg Thalmann.

According to Zacks Investment Research, “eGain Corporation provides customer engagement solutions. It offers web customer interaction applications, social customer interaction applications and contact center applications. The company also provides consulting, implementation and training services as well as maintenance and support services. eGain Corporation, formerly known as eGain Communications Corporation, is headquartered in Sunnyvale, California.”

Insitutional Activity: The institutional sentiment decreased to 1.33 in 2016 Q2. Its down 0.07, from 1.4 in 2016Q1. The ratio dropped, as 1 funds sold all eGain Corp shares owned while 5 reduced positions. 2 funds bought stakes while 6 increased positions. They now own 14.53 million shares or 1.79% more from 14.28 million shares in 2016Q1.
Jpmorgan Chase And has invested 0% of its portfolio in eGain Corp (NASDAQ:EGAN). Blackrock Institutional Trust Na has 0% invested in the company for 5,967 shares. Nokomis Capital Ltd Com last reported 1.01% of its portfolio in the stock. The Ontario – Canada-based Manufacturers Life Insurance The has invested 0% in eGain Corp (NASDAQ:EGAN). Blackrock Limited Liability Company has invested 0% of its portfolio in eGain Corp (NASDAQ:EGAN). Vanguard Group Inc Inc owns 435,935 shares or 0% of their US portfolio. Blackrock Mgmt Ltd Liability Corp last reported 0% of its portfolio in the stock. Renaissance Tech Lc accumulated 56,500 shares or 0% of the stock. Citigroup has 0% invested in the company for 30,256 shares. Royal Savings Bank Of Canada, a Ontario – Canada-based fund reported 200 shares. Oaktop Cap Mngmt Ii Limited Partnership holds 1.39% of its portfolio in eGain Corp (NASDAQ:EGAN) for 2.04M shares. Bank Of Montreal Can holds 0.03% or 8.41M shares in its portfolio. Goldman Sachs Gp last reported 0% of its portfolio in the stock. Spark Inv Mngmt Ltd Liability Corp accumulated 10,000 shares or 0% of the stock. The New York-based Millennium Mgmt Lc has invested 0% in eGain Corp (NASDAQ:EGAN).

More important recent eGain Corp (NASDAQ:EGAN) news were published by: which released: “News eGain Corp.EGAN” on February 22, 2011, also published article titled: “eGain (EGAN) Worth Watching: Stock Gains 5% in Session”, published: “Will eGain (EGAN) Continue to Surge Higher?” on August 18, 2016. More interesting news about eGain Corp (NASDAQ:EGAN) was released by: and their article: “eGain Virtual Assistant(TM) Named KMWorld Trend-Setting Product of 2016” with publication date: August 29, 2016.

EGAN Company Profile

eGain Corporation (eGain), incorporated on September 10,1997, provides cloud and on-site customer engagement software solutions. The Firm optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies. The Firm provides analytics capability to various contact centers for intra-day resource measurement and management, managing operational agility, and agent productivity. The Firm is engaged in the development, license, implementation and support of customer service infrastructure software solutions. The Firm offers eGain solution, which is designed for B2C businesses to do business with their customers. The Firm has activities in the United States, the United Kingdom and India.

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