ECG Price Prediction Next Week
Technical Analysis
Recent price action shows ECG trading in a range between $41-43. The stock formed a bullish reversal pattern on February 28th with strong volume support, closing at $41.60 and showing positive after-hours momentum (+3.53%).
Key Technical Levels:
- Resistance: $43.10 (recent high)
- Support: $41.13 (recent low)
- Current price: $43.069
Fundamental Catalysts
Recent Q4 earnings showed:
- Revenue of $759.7M, beating consensus of $674.9M
- EPS of $0.67, slightly below consensus of $0.69c
- Strong backlog increase of 38% to $2.8B
- Net income margin of 4.5%
Insider Activity Recent insider buying activity is bullish:
- VP Maximillian J Marcy purchased 1,300 shares (~$50,693) on Feb 25, increasing holdings by 30.9%
- No insider sales reported in past 6 months
Price Prediction for Next Week
Based on technical analysis and recent fundamentals:
- Bullish Case ($45): Strong momentum continues with break above $43.10 resistance
- Base Case ($43): Consolidation near current levels with positive bias
- Bearish Case ($41): Pullback to recent support if market sentiment weakens
Most likely scenario: Base case targeting $43 with 60% probability given:
- Positive insider buying
- Strong backlog growth
- Technical support at $41 level
- Positive after-hours momentum
Recommendation: BUY with entry at current levels ($43.069) with stop loss at $41.
ECG Similar Chart Price Prediction
The price of ECG is predicted to go up 15.29%, based on the high correlation periods with PLX. The similarity of these two price pattern on the periods is 98.81%.
ECG
PLX
Up: 15.29%Similarity: 98.81%
ECG Revenue Forecast
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ECG Analyst's Forecast
Ian Zaffino
Oppenheimer
Buy
2025-01-07
Price Target
$70 → $80
Upside
+15.74%
Oppenheimer analyst Ian Zaffino raised the firm's price target on Everus Construction to $80 from $70 and keeps an Outperform rating on the shares. The firm believes Everus Construction remains well positioned to benefit from numerous megatrends, including grid hardening, data center construction, and onshoring. Its backlog is up 56% year-over-year as of Q3 2024, well ahead of the company's long-term targets calling for revenue/EBITDA growth of 5%-7%/7%-9%, Oppenheimer adds.
Ian Zaffino
Oppenheimer
Buy
2024-12-04
Price Target
$70
Upside
+4.09%
Brian Brophy
Stifel
Strong Buy
2024-11-15
Price Target
$71
Upside
+11.53%
