Alert: Major Price Decline (5/10/24)-eGain Corp (NASDAQ: EGAN).

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eGain Corp (NASDAQ: EGAN) stock closed at $5.79 on 5/10/24 after a major decline of -12.5%. Moreover, unusually high trading volume at 182% of normal accompanied the decline. The stock has declined -9.2% during the last week and has been weak relative to the market over the last nine months.

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Current PriceTarget Research Rating

EGAN is expected to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

eGain has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. eGain has a slightly negative Power Rating of 32 and a poor Appreciation Score of 28, and the Lowest Value Trend Rating results.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

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