Headlines

Ebix Stock Jumps By 28% In The Last 21 Sessions

(VIANEWS) – Shares of Ebix (NASDAQ: EBIX) jumped by a staggering 28.54% in 21 sessions from $20.43 at 2023-06-02, to $26.26 at 14:55 EST on Tuesday, following the last session’s upward trend. NASDAQ is jumping 0.21% to $13,816.77, after two sequential sessions in a row of gains.

Ebix’s last close was $26.26, 13.73% below its 52-week high of $30.44.

About Ebix

Ebix, Inc., together with its subsidiaries, provides on-demand infrastructure software exchanges and e-commerce services to the insurance, financial, travel, cash remittance, and healthcare industries in the United States and internationally. The company develops and deploys insurance and reinsurance exchanges on an on-demand basis using software-as-a-service (SaaS) enterprise solutions in the areas of customer relationship management, front-end and back-end systems, and outsourced administrative and risk compliance solutions. Its EbixCash exchange related products and services include gift cards; travel exchanges services; money transfer services; foreign exchange and outward remittance services; consumer payment services; and on-demand technology to various providers in the areas of lending, wealth and asset management, and travel. The company's insurance exchanges related products and services include SaaS platform and related services; licensing of software; and professional services comprising setup, customization, training, or consulting. Its risk compliance services cover certificates of insurance creation and tracking; consulting services, such as project management, integration, development, and testing; and business process outsourcing services, including domain intensive project management, system consulting services, and claims adjudication/settlement services. The company was formerly known as Delphi Systems, Inc. and changed its name to Ebix, Inc. in December 2003. Ebix, Inc. was founded in 1976 and is headquartered in Johns Creek, Georgia.

Earnings Per Share

As for profitability, Ebix has a trailing twelve months EPS of $1.53.

PE Ratio

Ebix has a trailing twelve months price to earnings ratio of 17.16. Meaning, the purchaser of the share is investing $17.16 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 7.31%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 15.2%, now sitting on 1.01B for the twelve trailing months.

Volume

Today’s last reported volume for Ebix is 309565 which is 42.1% below its average volume of 534467.

More news about Ebix (EBIX).

Leave a Reply

Your email address will not be published. Required fields are marked *